Studying and analyzing the chart of Mercator lines, it seemed as though some buying will emerge soon. The 2 days of fireworks on 13/8 - 14/8 was indeed powerful enough to suck retailers in and thereafter left them like a shadow vanish in thin air. As the stock is trending lower and lower today, the time to long this counter is not here yet because the timing is pretty off. However, looking in the 5 min chart, it seemed as though was some form of buying by observing the gap up. In the near term when the pennies started running again, this counter will be the stock to watch out for. I am looking for the demand zone around 0.021-0.023. :)
Ronald K - Market Psychologist - A Stock Market Opportunist
