SMA50 .0601 and SMA 100 .0709 on the daily chart a
Post# of 56324
Posted On: 07/18/2014 12:07:37 PM
SMA50 .0601 and SMA 100 .0709 on the daily chart are resistance and .08 is upper trend line resistance. Parabolic SAR and MACD trigger still showing uptrend although RSI, CMF and low volume trading today are showing hesitation.
If MM's don't suddenly start selling insider blocks of shares like we have seen them do repeatedly then retail buys may pick up we could see continued trending through the SMA50 which then become support.
If MMs do start selling blocks again .0532 is SMA20 support then SMA 200 .0469 Keep in mind that SMA are moving averages. There are also multiple supports at .0536, .0520 and ..0495 which could move us back into a sideways channel for the next couple of weeks.
If MM's don't suddenly start selling insider blocks of shares like we have seen them do repeatedly then retail buys may pick up we could see continued trending through the SMA50 which then become support.
If MMs do start selling blocks again .0532 is SMA20 support then SMA 200 .0469 Keep in mind that SMA are moving averages. There are also multiple supports at .0536, .0520 and ..0495 which could move us back into a sideways channel for the next couple of weeks.
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