EWSI popped below the 50SMA for a few trades yeste
Post# of 3844
Posted On: 01/24/2014 9:01:11 AM
EWSI popped below the 50SMA for a few trades yesterday and bounced back quickly. However, if folks don't see value at the 50, then the stock could easily trend down to the 04/045 trading range. The chart is still primed for a move up, but it is potentially going back into a consolidation range in the 04s.
Lots of shares have changed hands in the 045 - 052 area. Flippers may be looking to reload a bit lower. If there is no bid support then MMs will naturally move an issue down to create a liquid market. The free float is small as longs continue to accumulate. Sooner or later EWSI will revalue hard to the upside.
Set up on top of the 50SMA and see what happens....................GLTA (I have absolutely nothing for sale. Q1 2014 IMO will show 12 - 15M gross revs)
Lots of shares have changed hands in the 045 - 052 area. Flippers may be looking to reload a bit lower. If there is no bid support then MMs will naturally move an issue down to create a liquid market. The free float is small as longs continue to accumulate. Sooner or later EWSI will revalue hard to the upside.
Set up on top of the 50SMA and see what happens....................GLTA (I have absolutely nothing for sale. Q1 2014 IMO will show 12 - 15M gross revs)
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