Posted On: 12/10/2012 11:34:23 PM
Post# of 29851
$GMEC: keep in mind this was written before after hours news
15 million float, and over the past year has seen a high of .65 to low of .042. Right now, volume is almost double of Friday, and has a clear candle forming. It appears that .07 is the support, which is the second time it has bounced off of it in the last two months. The last bounce only got to .16, so there is a trending down, but with Slow Stoch and RSI reversing, MACD is starting to edge back over to positive territory, and DMI getting sorted out, looks like there could be something coming. Getting in now could be at the bottom only because .07 has held strong over the past year. If you feel like taking a chance, go small, and watch it, Bolli Bands and 10 & 50 day MA are just starting to move upward.
15 million float, and over the past year has seen a high of .65 to low of .042. Right now, volume is almost double of Friday, and has a clear candle forming. It appears that .07 is the support, which is the second time it has bounced off of it in the last two months. The last bounce only got to .16, so there is a trending down, but with Slow Stoch and RSI reversing, MACD is starting to edge back over to positive territory, and DMI getting sorted out, looks like there could be something coming. Getting in now could be at the bottom only because .07 has held strong over the past year. If you feel like taking a chance, go small, and watch it, Bolli Bands and 10 & 50 day MA are just starting to move upward.
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