Good Evening Health and Everyone I know the decl
Post# of 4425
Posted On: 01/06/2014 9:01:16 PM
Good Evening Health and Everyone
I know the declining trendline you are visualizing. But if you draw that line from November 1 into today's close of .0032, you somewhat cut off the .0059 high in mid December in order to achieve that line. I've left my initial declining tops line in place where it has been since establishing a high point in mid November. Rather than cut thru a few points along the way to create a line, I tend to go with existing points that don't cut thru any levels. That said, one could add a shorter term trendline from the high of .0059 into today, which I've done as you can see below. That line has pretty much contained the share price since mid December. A move and close over .0032 would indicate a very short term breakout. What I would use as a confirmation of a renewed leg up would be a close above the middle bollie (aka the MA20) and the longer term declining tops line. That would put the share at approx .004. Better yet would be a move and close over The MA100 and then the MA50. GLTA
I know the declining trendline you are visualizing. But if you draw that line from November 1 into today's close of .0032, you somewhat cut off the .0059 high in mid December in order to achieve that line. I've left my initial declining tops line in place where it has been since establishing a high point in mid November. Rather than cut thru a few points along the way to create a line, I tend to go with existing points that don't cut thru any levels. That said, one could add a shorter term trendline from the high of .0059 into today, which I've done as you can see below. That line has pretty much contained the share price since mid December. A move and close over .0032 would indicate a very short term breakout. What I would use as a confirmation of a renewed leg up would be a close above the middle bollie (aka the MA20) and the longer term declining tops line. That would put the share at approx .004. Better yet would be a move and close over The MA100 and then the MA50. GLTA
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