OTC/Picon- Looking for your perspective regardi
Post# of 56323
Posted On: 09/22/2014 5:15:42 PM
OTC/Picon-
Looking for your perspective regarding our inability to bounce off either the 50 or 200 day moving averages. This appears to be the 1st time this calendar year that we've closed below both of these trend lines.
I know that OTC had commented on a trading range last Friday that highlighted possible lows of .0533 or so, but I'm interested to understand how this particular close below these items may incite further selling pressure.
Regards,
-kbulldog.
Looking for your perspective regarding our inability to bounce off either the 50 or 200 day moving averages. This appears to be the 1st time this calendar year that we've closed below both of these trend lines.
I know that OTC had commented on a trading range last Friday that highlighted possible lows of .0533 or so, but I'm interested to understand how this particular close below these items may incite further selling pressure.
Regards,
-kbulldog.
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