PROW Weekly Chart ~ A Consolidation Week Behind Us
Post# of 2559
Posted On: 01/19/2014 7:01:07 PM
PROW Weekly Chart ~ A Consolidation Week Behind Us
After 5 straight weeks of gains from a low of .004 to a high of almost .05, PROW took a rest last week. The Weekly is the longer term view of might become with PROW should the upward momentum continue. The first two levels of resistance were minor as I thought they would be. Just ahead is the MA100 at .0547. The next levels at .06 and .09 might prove to be a little harder to break as the stock has already moved quite a bit and profit takers will be anxious to lock in gains, although the churning of 3.4 mil shares last week probably absorbed a lot of flippers from lower entries. GLTA
After 5 straight weeks of gains from a low of .004 to a high of almost .05, PROW took a rest last week. The Weekly is the longer term view of might become with PROW should the upward momentum continue. The first two levels of resistance were minor as I thought they would be. Just ahead is the MA100 at .0547. The next levels at .06 and .09 might prove to be a little harder to break as the stock has already moved quite a bit and profit takers will be anxious to lock in gains, although the churning of 3.4 mil shares last week probably absorbed a lot of flippers from lower entries. GLTA
(0)
(0)Scroll down for more posts ▼