There is a large amount of supply above the $0.240. As shown in the previous attempts to go above that, the SP was pushed down aggressively. Not very surprising since the last CR was done at $0.260. The chart is looking ok as we have broken the previous long downtrend, but I think we are still yet to start an uptrend. IMO we need the SP to close above $0.270 to turn bullish and get over the previous weakness (i.e. the scary looking high-volume widespread bars #1 & #2). The trendlines are squeezing in, so we might see some actions soon (as a holder, I'm hoping it's to the upside).
TMT Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held