Posted On: 11/11/2014 9:04:51 AM
Post# of 56323
Resistance and support as of this morning:
R1: 0.0190
R2: 0.0201
S1: 0.0156
S2: 0.0133
The current 20 day SMA is at 0.0338
The CMF 20 day is 0.01013 which has moved above the 0 line.
The MACD is now in a bullish crossover.
What does that mean? To me, on the very short term, it looks like a green day today.
How long this will last will need to be seen because in my opinion of two things primarily. First the Market makers will try to raise the pps to cover on the massive buying they did at lower pps.
Then they will want to accumulate at close to the current pps, so the rise may be short lived, especially with no news.
The second is that the volume has dropped by 2/3 yesterday which indicates slower retail buying and selling. The Market Makers will now try to create an artificial market to the upside, with a hard drag later to bring it down very possible to the 0.006 - 08 level to re-accumulate. This is on no news.
All of the above is just my opinion and should not be used for decisions to buy or sell this stock. Please, do your own DD. Thanks
GLTA
R1: 0.0190
R2: 0.0201
S1: 0.0156
S2: 0.0133
The current 20 day SMA is at 0.0338
The CMF 20 day is 0.01013 which has moved above the 0 line.
The MACD is now in a bullish crossover.
What does that mean? To me, on the very short term, it looks like a green day today.
How long this will last will need to be seen because in my opinion of two things primarily. First the Market makers will try to raise the pps to cover on the massive buying they did at lower pps.
Then they will want to accumulate at close to the current pps, so the rise may be short lived, especially with no news.
The second is that the volume has dropped by 2/3 yesterday which indicates slower retail buying and selling. The Market Makers will now try to create an artificial market to the upside, with a hard drag later to bring it down very possible to the 0.006 - 08 level to re-accumulate. This is on no news.
All of the above is just my opinion and should not be used for decisions to buy or sell this stock. Please, do your own DD. Thanks
GLTA
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In times when you feel low self esteem, disappointment and perhaps even depression.......keep in mind that it may simply be the result of the fact that you are surrounded by ass holes. GLTA
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