TA as a compilation of historic data generally ide
Post# of 56324
Posted On: 04/06/2014 8:56:19 PM
TA as a compilation of historic data generally identifies trends. I find it useful because it allows me to hopefully identify when it's time to pull back or to buy on dips. Right now FITX, is at somewhat of a crucial point because next week it will either find support and bounce off the SMA50 or it will drop below support levels and could very well then head down towards the SMA200 before it finds support again.
Strong March buying dropped suddenly and completely too
selling pressure as of April 2nd. This tells me that Bears may very well take over next week and pps could drop rapidly as a result. The various studies clearly show this is a possibility, however, there are indicators also showing support and next week will be very telling.
I also am very interested in the impact of added valuation from the PHOT stock that was supposed to have happened on 4/4 (What happened? I did not follow and don't know if this was again delayed?) Also, the valuation of being licensed is significant and when this occurs should drive volume/pps to new highs.
I post because it may let others on this board identify impacts on pps based on actual data as it relates currently to WHY pps is trading sideways/ WHEN it might breakout or when and why it will loose support levels and then when and where new levels will be.
Why can this be important. Because it can identify sudden pps movements prior to occurrences. That's both on the upside and the downside.
Thanks, and comments are appreciated.
Strong March buying dropped suddenly and completely too
selling pressure as of April 2nd. This tells me that Bears may very well take over next week and pps could drop rapidly as a result. The various studies clearly show this is a possibility, however, there are indicators also showing support and next week will be very telling.
I also am very interested in the impact of added valuation from the PHOT stock that was supposed to have happened on 4/4 (What happened? I did not follow and don't know if this was again delayed?) Also, the valuation of being licensed is significant and when this occurs should drive volume/pps to new highs.
I post because it may let others on this board identify impacts on pps based on actual data as it relates currently to WHY pps is trading sideways/ WHEN it might breakout or when and why it will loose support levels and then when and where new levels will be.
Why can this be important. Because it can identify sudden pps movements prior to occurrences. That's both on the upside and the downside.
Thanks, and comments are appreciated.
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