Posted On: 06/19/2014 8:53:27 PM
Post# of 382
PNTV Daily Chart ~ Highest Close Since Mid April
PNTV is trading much better over the last few days than in previous weeks. Today's close saw the highest since mid April. The stock is up sharply from .015 less than two weeks ago. There are definitely a few thing in the works as can be seen in the last two Shareholder Updates. The volume of 572,227 shares is more than double of the previous two days. Someone is accumulating shares from the short term profits takers and weak hands. The stock closed over the MA200 for the second day in a row on its third consecutive green day. Next up is the MA100, as mentioned previously, which is gradually declining and sitting at .003 today. The FullSto and MACDs have all crossed over to the upside and are beginning to show some positive divergence after months of flatlining in oversold territories. The RSI closed at its highest level since late March. What I hope to see over the next 2-3 days is some solid accumulation as more weak and short term holders sell into the current level of .025-.028. Should another 1-3 million shares be sucked up at these prices, it would bode well when the selling dries up and begins a further climb. It should be clear to see that when the stock closes over .03, a move into the .05/.06 area could be seen quickly. GLTA
PNTV is trading much better over the last few days than in previous weeks. Today's close saw the highest since mid April. The stock is up sharply from .015 less than two weeks ago. There are definitely a few thing in the works as can be seen in the last two Shareholder Updates. The volume of 572,227 shares is more than double of the previous two days. Someone is accumulating shares from the short term profits takers and weak hands. The stock closed over the MA200 for the second day in a row on its third consecutive green day. Next up is the MA100, as mentioned previously, which is gradually declining and sitting at .003 today. The FullSto and MACDs have all crossed over to the upside and are beginning to show some positive divergence after months of flatlining in oversold territories. The RSI closed at its highest level since late March. What I hope to see over the next 2-3 days is some solid accumulation as more weak and short term holders sell into the current level of .025-.028. Should another 1-3 million shares be sucked up at these prices, it would bode well when the selling dries up and begins a further climb. It should be clear to see that when the stock closes over .03, a move into the .05/.06 area could be seen quickly. GLTA
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