There are some Bullish factors on the chart, but as its the...

There are some Bullish factors on the chart, but as its the start of a new Month candle monday, 95% of the time a stock will trade lower than the open of the month. So its not trade worthy to pre-emt it, especially when the current Month candle phase is red .

Generally there is a Tail or wick, so if Monday opens and starts green for 2 days, it could be just making the Wick of the future Red Month candle.

So its good to be aware if then the stock slips and turns the Month candle red, because just like August its possible to make another candle the same as August.

What to look for is reasons to believe this new Month will be green, and Looking at several factors I cant stack up enough reasons to think it will be green.

But in saying that, I think a Red september should be it, It shouldnt go below $1.50 at the worst, so if it does then Id say the selling is done there.

Looks like it will start the new Month at $2-, and then Fake up a bit to make a wick, and then slip back below $2- a few days later making the september candle red,

Thats what I think it will do, and I think its setting up to mabe get to $1.50 , and then from there turn around and get back over $3 by Christmas.

If anyone is trading this, best to keep an eye on the September candle, ride the green if its there but I think its a month away from a base.