Posted On: 01/12/2014 9:05:27 PM
Post# of 2561
PROW Weekly Chart ~ Up 136% for the Week
As I mentioned on my last PROW Weekly Chart, the next target to achieve is the MA100 in the .05s. That level will probably be hit tomorrow morning along with the next horizontal resistance point of .06. I would not be surprised to see the .10 level hit during the week. PROW is definitely overbought on the daily but not so on the Weekly. As you can see, the MACDs are just now beginning to crossover with a lot of room to run over the longer term. With only 25 mil shares in the float, and a lot of those shares already in longer term hands, anything can happen. The tighter the float gets, the more volatile the stock will become. GLTA
As I mentioned on my last PROW Weekly Chart, the next target to achieve is the MA100 in the .05s. That level will probably be hit tomorrow morning along with the next horizontal resistance point of .06. I would not be surprised to see the .10 level hit during the week. PROW is definitely overbought on the daily but not so on the Weekly. As you can see, the MACDs are just now beginning to crossover with a lot of room to run over the longer term. With only 25 mil shares in the float, and a lot of those shares already in longer term hands, anything can happen. The tighter the float gets, the more volatile the stock will become. GLTA
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