.0338 -.0402 is the current short term trend on lo
Post# of 56324
Posted On: 10/20/2014 12:43:44 PM
.0338 -.0402 is the current short term trend on low volume trading as PPS currently struggles with .0408 and .0412 resistance levels Later this week (on news) may see price action above these resistance levels and a testing of the current .0422 upper trend line.
Two indicators to watch and what to watch for. Look for trigger crossover on (MACD) and for SMA50 to cross over the SMA100. If these two occur expect to see .0441 - .0545 within this or next week.
It is difficult right now to anticipate the volume of selling for this week but early trading today (Monday) is showing a relatively common MM pattern of "market stimulation" to encourage volume buying which could still push PPS today to a .0372 low
Two indicators to watch and what to watch for. Look for trigger crossover on (MACD) and for SMA50 to cross over the SMA100. If these two occur expect to see .0441 - .0545 within this or next week.
It is difficult right now to anticipate the volume of selling for this week but early trading today (Monday) is showing a relatively common MM pattern of "market stimulation" to encourage volume buying which could still push PPS today to a .0372 low
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