The 20 DMA is the next resistance area, but there
Post# of 5570
The 20 DMA is the next resistance area, but there are a few things going against it. First, there's been a lot of consolidation off that pop from earlier in the month to just below .003. Second, moving average has fell into price. It is one thing if the MA was say, up where the 50 DMA is right now, but the 20 DMA has fallen with price and does not have as much strength to hold the price down. Third, this would presumably be a move off of the dead lows so there is not as much strength in the 20 DMA.
More than a resistance, I think that the 20 DMA would be a catalyst or a trigger upon a close above it. The next area of resistance will really be the 50 DMA/.004 area followed by the recent highs.
I have no idea what is coming down the pipe for news, but if it is good enough it should take out the recent highs at .0075.