TEMN Daily Chart ~ Breakout As I mentioned an
Post# of 2561
Posted On: 06/20/2014 8:57:08 PM
TEMN Daily Chart ~ Breakout
As I mentioned and shared with yesterday's TEMN chart update, I felt that the stock was ready to go. A few of us have been accumulating the high .002s and low .003s over the last couple of weeks and added quite a few more yesterday and this morning. The share price began moving higher during the last hour of the day, which is surprising for a Friday when most penny, fliptards sell for the McDonalds Big Mac money for the weekend. Anyway, as one can see, TEMN closed at the high of the day with its highest close since early May. The MACDs began to show good divergence today which suggests a move higher in the short term. The RSI also crossed over the 50 line today. The high of early May at .0064 could be seen as early as Monday/Tuesday. The last time we were in TEMN, the stock carried us into the .0099s. My opinion is that TEMN will surpass that easily as the company is now revenue producing in excess of $1.3 million. Should we get closer to the .009s and break into the .01s, I'll post a longer term chart for other possible resistance points. GLTA
As I mentioned and shared with yesterday's TEMN chart update, I felt that the stock was ready to go. A few of us have been accumulating the high .002s and low .003s over the last couple of weeks and added quite a few more yesterday and this morning. The share price began moving higher during the last hour of the day, which is surprising for a Friday when most penny, fliptards sell for the McDonalds Big Mac money for the weekend. Anyway, as one can see, TEMN closed at the high of the day with its highest close since early May. The MACDs began to show good divergence today which suggests a move higher in the short term. The RSI also crossed over the 50 line today. The high of early May at .0064 could be seen as early as Monday/Tuesday. The last time we were in TEMN, the stock carried us into the .0099s. My opinion is that TEMN will surpass that easily as the company is now revenue producing in excess of $1.3 million. Should we get closer to the .009s and break into the .01s, I'll post a longer term chart for other possible resistance points. GLTA
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