PBHG Daily Chart ~ BOOM! Just As Hoped For H
Post# of 1187
Posted On: 01/23/2014 7:29:13 PM
PBHG Daily Chart ~ BOOM! Just As Hoped For
Hi Health, I would have been here earlier but I'm having issues with the Hangout today. I haven't seen any posts posted on any boards, other than when someone responds to me or sends me a PM. So I just got your post to one of my previous ones.
Anyway, as you have already noted, PBHG did pretty much what I had been looking for, a test and rebound off the .012 level. Although not perfect as the stock did break down to .0101 intraday, the .012 support line, and a minor one at .01, did prove to be the bottom after a few days of churning in the .012s. The late in the day bounce stopped at the MA20. Tomorrow I would like to see continued strength, on strong volume, to confirm that the bottom is in fact in. Today's volume was the highest in over one month which is a great start to a possible reversal. The resistance points above is the MA100 near .025, followed by the MA50 at .035 and the MA200 at .049. The multi month declining tops line was also taken out today. But we'll need some follow through to confirm a reversal, not just a one day bounce. Tomorrow will be interesting. Congrats to all who decided to add at this support line. GLTA
Hi Health, I would have been here earlier but I'm having issues with the Hangout today. I haven't seen any posts posted on any boards, other than when someone responds to me or sends me a PM. So I just got your post to one of my previous ones.
Anyway, as you have already noted, PBHG did pretty much what I had been looking for, a test and rebound off the .012 level. Although not perfect as the stock did break down to .0101 intraday, the .012 support line, and a minor one at .01, did prove to be the bottom after a few days of churning in the .012s. The late in the day bounce stopped at the MA20. Tomorrow I would like to see continued strength, on strong volume, to confirm that the bottom is in fact in. Today's volume was the highest in over one month which is a great start to a possible reversal. The resistance points above is the MA100 near .025, followed by the MA50 at .035 and the MA200 at .049. The multi month declining tops line was also taken out today. But we'll need some follow through to confirm a reversal, not just a one day bounce. Tomorrow will be interesting. Congrats to all who decided to add at this support line. GLTA
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