Dusting off my trendline crystal ball, indicates (
Post# of 56324
Posted On: 05/22/2014 2:54:32 PM
Dusting off my trendline crystal ball, indicates (short term) .0705 high coming within several trading days if today's close is at or above .0605 otherwise first support level is .0501. PPS is currently dropping slightly under the SMA50 indicating resistance level. Today's shorting (currently) could be institutions testing buyers resolve meaning we could see heavier buying in the last 30 minutes today. This is a different pattern/activity than we have seen in the previous week when formerly restricted shares entered the market and drove PPS into the 4s
The PR is old news and covers a multiple of sector companies. Not really understanding this PR other than a very weak effort to uptick sector wide and most shareholders in this sector are generally current on news. Not much traction, if any.
IMO,, accumulation is key here. Trade within trend lines, buy just over trend line low, hold core position then sell % just under top of trend line and use proceeds to buy again just over bottom of trend line. Works well for me and may help others. GLTA
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The PR is old news and covers a multiple of sector companies. Not really understanding this PR other than a very weak effort to uptick sector wide and most shareholders in this sector are generally current on news. Not much traction, if any.
IMO,, accumulation is key here. Trade within trend lines, buy just over trend line low, hold core position then sell % just under top of trend line and use proceeds to buy again just over bottom of trend line. Works well for me and may help others. GLTA
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