Posted On: 03/10/2014 12:57:17 AM
Post# of 2561
PROW Daily Chart ~ Waiting for the Next Leg Up
I'm not sure if a bottom has been put in yet, but as I mentioned on March 2 (link back), I'll be waiting for the indicators to reset. The FullSto and MACDs have started to bottom, curl and cross to the upside. Although I'm not convinced yet that a bottom is in, I did choose to add a few shares with some friends the last two trading days. Not too serious yet, but a small addition to shares already being held for a strong move higher. The stock needs to close over .03, preferably over .04/.044. When that occurs, the upside factors would be calling for a move to new highs. I'll post a weekly chart next which better shows the potential upside with a breakout above the previous high of .079. That might be a bit deceiving as that .079 print occurred on one 2,000 share buy order while the stock was quote .052 x .079. So for me, I'll be watching any break and close above .052 as the signal that a new high is coming and the .17s will be tested. GLTA
I'm not sure if a bottom has been put in yet, but as I mentioned on March 2 (link back), I'll be waiting for the indicators to reset. The FullSto and MACDs have started to bottom, curl and cross to the upside. Although I'm not convinced yet that a bottom is in, I did choose to add a few shares with some friends the last two trading days. Not too serious yet, but a small addition to shares already being held for a strong move higher. The stock needs to close over .03, preferably over .04/.044. When that occurs, the upside factors would be calling for a move to new highs. I'll post a weekly chart next which better shows the potential upside with a breakout above the previous high of .079. That might be a bit deceiving as that .079 print occurred on one 2,000 share buy order while the stock was quote .052 x .079. So for me, I'll be watching any break and close above .052 as the signal that a new high is coming and the .17s will be tested. GLTA
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