Repost of 22707 I am reposting here because it
Post# of 56324
Posted On: 05/15/2014 10:39:59 AM
Repost of 22707
I am reposting here because it pretty accurately portrays where PPS currently is (as I predicted when I originally posted). The only thing I will add to it is from another more current posting is a repeat that for buying opportunity keep an eye on the SMA200. IMO, it is likely MMs may try to. drive PPS down to just above the SMA200 to try and shake out weak hands prior to license being announced
Possible .0655 bounce coming with a trading pattern developing that is similar to trading activity that occurred through the week of 4/10 - 4/16
Short term,SMA20 .0785 and SMA50 .0784 crossover on 5/13/14 with .0782 close showing (CMF) accumulation along with multiple .0780 support indicates Wednesday trading moving above .0790 however daily charts show longer term trendline .0661-.0655 bounce which is supported by both the SMA100 and EMA100 and 4/16 and 4/17 high/lows further indicating .0655 support pricing and likely bounce occurring in the coming week - ten days.
I am reposting here because it pretty accurately portrays where PPS currently is (as I predicted when I originally posted). The only thing I will add to it is from another more current posting is a repeat that for buying opportunity keep an eye on the SMA200. IMO, it is likely MMs may try to. drive PPS down to just above the SMA200 to try and shake out weak hands prior to license being announced
Possible .0655 bounce coming with a trading pattern developing that is similar to trading activity that occurred through the week of 4/10 - 4/16
Short term,SMA20 .0785 and SMA50 .0784 crossover on 5/13/14 with .0782 close showing (CMF) accumulation along with multiple .0780 support indicates Wednesday trading moving above .0790 however daily charts show longer term trendline .0661-.0655 bounce which is supported by both the SMA100 and EMA100 and 4/16 and 4/17 high/lows further indicating .0655 support pricing and likely bounce occurring in the coming week - ten days.
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