90 day chart has SMA20 and SMA50 close to crossove
Post# of 56323
Posted On: 05/13/2014 2:06:38 PM
90 day chart has SMA20 and SMA50 close to crossover and SMA100 and EMA100 also close to crossover with multiple .075 support levels being tested today. Lower SMA crossover higher SMA combined with multiple support levels at .075 should provide a bounce before closing today. If .075 support fails then next support level at .06 may be tested this week.
Depending on the amount of shares MM's still have to sell (this month) we may possibly see a bounce off the SMA200 .0339
Good buying opportunities this month. Best to buy on dips and hold until these formerly restricted shares have been absorbed. It will take a lot of capital to absorb the shares that insiders are selling but once they are gone the longs will be back in control. Look for additional JV/acquisitions (IMO) as insiders "recycle" capital into the company. Long term strategy here. Look at management team.
Depending on the amount of shares MM's still have to sell (this month) we may possibly see a bounce off the SMA200 .0339
Good buying opportunities this month. Best to buy on dips and hold until these formerly restricted shares have been absorbed. It will take a lot of capital to absorb the shares that insiders are selling but once they are gone the longs will be back in control. Look for additional JV/acquisitions (IMO) as insiders "recycle" capital into the company. Long term strategy here. Look at management team.
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