Posted On: 01/01/2014 9:30:52 PM
Post# of 2561
PROW Daily Chart ~ Strong Move During the Holiday Season
Here's one that almost got away. I missed the bottom in the .02s after a couple of friends suggested I take a look at PROW. As I was waiting for some stock in the .02-.05s, the top of mid November was taken out. ARGH! Now the chase was on as per the chart. The volume spike just before Christmas shouted that something is pending. I own a few now, but wished I had moved quicker. Someone has decided to accumulate at the ask as I was sitting on the bids. Very few sellers, and the result you can see. Way outside the upper bollie again, but I'm going to break one of my rules as I want to see why this low volume breakout has taken the stock from .002/.005 to almost .02 in such a short timeframe. If there was much higher volume the last couple of days, I'd sell into it. I'll post a Weekly Chart next to give a better understanding of why I believe something might be to this move. GLTA
Here's one that almost got away. I missed the bottom in the .02s after a couple of friends suggested I take a look at PROW. As I was waiting for some stock in the .02-.05s, the top of mid November was taken out. ARGH! Now the chase was on as per the chart. The volume spike just before Christmas shouted that something is pending. I own a few now, but wished I had moved quicker. Someone has decided to accumulate at the ask as I was sitting on the bids. Very few sellers, and the result you can see. Way outside the upper bollie again, but I'm going to break one of my rules as I want to see why this low volume breakout has taken the stock from .002/.005 to almost .02 in such a short timeframe. If there was much higher volume the last couple of days, I'd sell into it. I'll post a Weekly Chart next to give a better understanding of why I believe something might be to this move. GLTA
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