It has been a pretty tough time in the markets for Tonner One World Holdings Inc (OTCMKTS:TONR) investors over the course of the past week. This past Friday, the stock was in the middle of a selloff yet again and went down by as much as 8%.
Trading Data
On Friday, TONR stock slid 8.46% to $0.0060 with more than 74.60 million shares, compared to its average volume of 226.40 million shares. The stock has moved within a range of $0.0055 – 0.0072 after opening trade at $0.0070.
Key Trigger
That took the losses that had been recorded by the Tonner One World over the past week to 25%. While the decline in the stock has been considerable, it should also be noted that not too long ago, the Tonner One World stock had been one of the more popular micro-cap stock in the market.
Around two weeks ago, the stock had made a strong upward run in the markets and had emerged as one of the micro-cap stocks to watch. It had also been noticed that the stock had also attracted the attention of not only a considerable number of investors but also some of the big ticket traders in the small cap space.
In addition to that, the Tonner One World stock had also been under heavy accumulation at that point in time. Things may have changed dramatically in the past week but it is going to be interesting to see if the Tonner One World stock can rebound this week.
Technical Data
TONR stock is trading in the neutral zone as RSI stands at 40. The stock has pivot supports at 0.0036, 0.0045, 0.0053 and resistances at 0.0070, 0.0079, 0.0087. The stock is down 24% in the past month.
