Posted On: 03/14/2012 1:10:24 AM
Post# of 815
What I am seeing here is what happened back in the beginning of decemeber. A spike followed by further lows.
However it looks like you could still make 20% gains at the current price bc the full sto on your chart is showing an increase in momentum.
There is also the accumulation spike which shows that shares are being held Nd not flooded into the market.
The MACD shows a breakout from the side recent sideways movement and is heading to the 0 line.
Depending on the con tuned VOL and pressure this thing could go higher. Without seeing the Bollinger bands I am assuming that the PPS is outside the upper BB so a pullback may be in store.
At this point the best thing to do would be to look at L2 and determine the direction based off of current trades.
I would reference the December movement and base your buy sell on that pattern.
Good luck!!!
However it looks like you could still make 20% gains at the current price bc the full sto on your chart is showing an increase in momentum.
There is also the accumulation spike which shows that shares are being held Nd not flooded into the market.
The MACD shows a breakout from the side recent sideways movement and is heading to the 0 line.
Depending on the con tuned VOL and pressure this thing could go higher. Without seeing the Bollinger bands I am assuming that the PPS is outside the upper BB so a pullback may be in store.
At this point the best thing to do would be to look at L2 and determine the direction based off of current trades.
I would reference the December movement and base your buy sell on that pattern.
Good luck!!!
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