Posted On: 06/24/2014 7:47:43 AM
Post# of 382
PNTV Weekly Chart ~ Setting Up for a Move
A quick look at the weekly chart shows that the MACDs are close to confirming a strong move higher. Although all three have not yet crossed over, just compare the previous moves of the share price when those crossovers occurred. And since all three are beginning from oversold levels, I would expect the previous high of .08 to be surpassed during this current reversal. The declining tops line on the weekly is sitting at approx .035. A break above that level would be a strong confirmation that a new HOY could be seen. GLTA
A quick look at the weekly chart shows that the MACDs are close to confirming a strong move higher. Although all three have not yet crossed over, just compare the previous moves of the share price when those crossovers occurred. And since all three are beginning from oversold levels, I would expect the previous high of .08 to be surpassed during this current reversal. The declining tops line on the weekly is sitting at approx .035. A break above that level would be a strong confirmation that a new HOY could be seen. GLTA
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