$Pedevco(PED)$As the chart shows, support is provided at $1.57, the price at which an offering was made, moreover also when the CEO purchased $500K worth of shares, which can only show two things:

1. Strong resistance supporting at $1.57, since most insiders own it, perhaps this is support provided by the insiders

2. It is going to rebound fast following next few days due to the chart patterns which show strong bullish patterns every time the price hits $1.57!!