Posted On: 03/24/2014 12:21:46 AM
Post# of 2561
PNTV Daily Chart ~ Nice Setup for the Next Leg Up
By request from six members, here's a chart on PNTV. I like the technical setup as the stock closed with a strong handle breaking above the handle of a cup and handle formation, while the MA20 held as support on an intraday drop to .037 on Friday. The MACDs are in great shape with divergence and separation towards the upside now after positive crossovers a 2-4 weeks ago. Although the FullSto is already in slightly overbought territory, look at the period of late Dec into late Jan when it was trending over its 80 line the entire time, as the MACDs gradually continued higher. PNTV is also hugging and holding the MA50 over the last 1.5 weeks. A move up and over the .083, with volume, would bring into play a possible move into the mid teens. Good luck guys. I wished I was buying with you when the stock was under .01 in December. GLTA
By request from six members, here's a chart on PNTV. I like the technical setup as the stock closed with a strong handle breaking above the handle of a cup and handle formation, while the MA20 held as support on an intraday drop to .037 on Friday. The MACDs are in great shape with divergence and separation towards the upside now after positive crossovers a 2-4 weeks ago. Although the FullSto is already in slightly overbought territory, look at the period of late Dec into late Jan when it was trending over its 80 line the entire time, as the MACDs gradually continued higher. PNTV is also hugging and holding the MA50 over the last 1.5 weeks. A move up and over the .083, with volume, would bring into play a possible move into the mid teens. Good luck guys. I wished I was buying with you when the stock was under .01 in December. GLTA
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