.0489 trendline tested this morning, look for .045
Post# of 56323
Posted On: 07/10/2014 12:25:24 PM
.0489 trendline tested this morning, look for .045 bounce if close below .0489 today. RSI currently at 36.95 and MACD trigger shaping up for a bounce as .049 orders are being filled.
PPS will continue to see downward pressure if MM's sell off larger blocks of shares although not seeing that currently happening on L2 so it is likely that retail buyers are reluctant to put money in until the perceived bottom PPS occurs.
Keep an eye on the SMA200 currently at .045. The closer PPS gets to this level the more likely we are to see a bounce.
PPS will continue to see downward pressure if MM's sell off larger blocks of shares although not seeing that currently happening on L2 so it is likely that retail buyers are reluctant to put money in until the perceived bottom PPS occurs.
Keep an eye on the SMA200 currently at .045. The closer PPS gets to this level the more likely we are to see a bounce.
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