Posted On: 05/21/2014 11:29:15 PM
Post# of 56323
Nice bounce today, multiple areas of resistance tomorrow between today's closing price ranging up to .0698, If PPS (tomorrow) stays above .0505 then it is likely to continue to trend up and then pull back close to the SMA50 approx .0643
Looking at the daily chart shows a nice bullish engulfing candle however the MACD also shows (IMO) possible MM slight of hand being played out here. If heavy selling pressure tomorrow then MM's still have a lot of shares to sell and are manipulating the market (today) to draw in new capital. Dead Cat Bounce here? Its just too early for confirmation.
For GTC Limit order shareholders (me) the current trading
range is .0399 - .0929
This TA is based on my own TA and I use it for my own purposes, it is informational only and is not intended for anyone to rely on or use to buy or sell any stock. Always do your own DD/TA and make your own investment decisions. Don't invest any money you can not afford to lose.
Looking at the daily chart shows a nice bullish engulfing candle however the MACD also shows (IMO) possible MM slight of hand being played out here. If heavy selling pressure tomorrow then MM's still have a lot of shares to sell and are manipulating the market (today) to draw in new capital. Dead Cat Bounce here? Its just too early for confirmation.
For GTC Limit order shareholders (me) the current trading
range is .0399 - .0929
This TA is based on my own TA and I use it for my own purposes, it is informational only and is not intended for anyone to rely on or use to buy or sell any stock. Always do your own DD/TA and make your own investment decisions. Don't invest any money you can not afford to lose.
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