Posted On: 08/22/2013 9:24:31 PM
Post# of 89346
Re: xtremepicks #3281
Good Evening XP and XPers!
I've shared a few charts on WPNV over the months both here, after XP called the stock, and also on my board prior to that. It was suggesting something wasn't quite right, especially when looking at the declining tops and the reversals of the FullSto and MACD. Although fundamentals will always trump technicals, the chart was correct for the last couple of months in showing a steady decline in the indicators. When the break below the multi month support in the low .05s last week, was not a good thing. The MA200 is offering some support for now, but the chart has a little bit more work to do. GLTA
I've shared a few charts on WPNV over the months both here, after XP called the stock, and also on my board prior to that. It was suggesting something wasn't quite right, especially when looking at the declining tops and the reversals of the FullSto and MACD. Although fundamentals will always trump technicals, the chart was correct for the last couple of months in showing a steady decline in the indicators. When the break below the multi month support in the low .05s last week, was not a good thing. The MA200 is offering some support for now, but the chart has a little bit more work to do. GLTA
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