Posted On: 03/10/2014 12:09:22 AM
Post# of 2561
FLPC Daily Chart ~ Resistance at the MA100
Last week's trading saw FLPC trade up to the MA100 but failed to close above it. The stock pulled back to the MA20 at .023 and closed the week on the MA50 at .027. In place now is the second week of a rising support line. I'd like to see the share price close over .03 this week to keep that rising support line moving higher while the stock attempts to break above the MA100 at .032. The volume Wed-Fri needs to increase if this current uptrends expect to remain in force. The FullSto and MACDs are trending higher and have a long way to move. We need a close over .034 now and a test of the .0379 previous high. GLTA
Last week's trading saw FLPC trade up to the MA100 but failed to close above it. The stock pulled back to the MA20 at .023 and closed the week on the MA50 at .027. In place now is the second week of a rising support line. I'd like to see the share price close over .03 this week to keep that rising support line moving higher while the stock attempts to break above the MA100 at .032. The volume Wed-Fri needs to increase if this current uptrends expect to remain in force. The FullSto and MACDs are trending higher and have a long way to move. We need a close over .034 now and a test of the .0379 previous high. GLTA
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