$TPAC Quick Analysis of Daily Chart: RSI has c
Post# of 22940
Posted On: 12/09/2015 7:33:34 PM
$TPAC Quick Analysis of Daily Chart:
RSI has cooled significantly since being in the 80's earlier today; now sitting at 68. We are sitting atop the upper bollinger band. We have a merging of the 50MA and 200MA in which the short term indicator(50MA) is set to cross over the longer term indicator(200MA). Resistance levels have been left in the dust, with R2 being the highest sitting at .0009. .001 was tested as the low today but not only held as support, thus beginning to confirm R2 as a new support rather than resistance, but also was broken bullishly which elicited a close of .0011; bullish even despite the red close as there was a significant wall on the ask that was knocked out to get us up to .0011. .0014 was broken today but should also be deemed as a new resistance, primarily psychologically but also technically, due to it being the peak of the last run. .0016 should be the next resistance to be broken. Once .0016 is cleared, there should be little interference until the next psychological whole number at .002. I'll stop here, but things have potential to go up again short-term and even more probably, long-term. Let's see what news comes out tomorrow, 12/10/15, as promised by CEO Bill McKay on Twitter. This will act as the supporting hand to the chart or a palm of downward pressure. Clearly it must have such an impact as to garner an undeniably bullish sentiment. 8k due out on 500M of 1.8B O/S buyback announced today as well. Enjoy, everyone and let's make tomorrow a greener day.
Please spread the word(or even just post $TPAC somewhere other than the TPAC board). It goes a long way for your investment and can help the team here. Thank you and see all of you tomorrow!
RSI has cooled significantly since being in the 80's earlier today; now sitting at 68. We are sitting atop the upper bollinger band. We have a merging of the 50MA and 200MA in which the short term indicator(50MA) is set to cross over the longer term indicator(200MA). Resistance levels have been left in the dust, with R2 being the highest sitting at .0009. .001 was tested as the low today but not only held as support, thus beginning to confirm R2 as a new support rather than resistance, but also was broken bullishly which elicited a close of .0011; bullish even despite the red close as there was a significant wall on the ask that was knocked out to get us up to .0011. .0014 was broken today but should also be deemed as a new resistance, primarily psychologically but also technically, due to it being the peak of the last run. .0016 should be the next resistance to be broken. Once .0016 is cleared, there should be little interference until the next psychological whole number at .002. I'll stop here, but things have potential to go up again short-term and even more probably, long-term. Let's see what news comes out tomorrow, 12/10/15, as promised by CEO Bill McKay on Twitter. This will act as the supporting hand to the chart or a palm of downward pressure. Clearly it must have such an impact as to garner an undeniably bullish sentiment. 8k due out on 500M of 1.8B O/S buyback announced today as well. Enjoy, everyone and let's make tomorrow a greener day.
Please spread the word(or even just post $TPAC somewhere other than the TPAC board). It goes a long way for your investment and can help the team here. Thank you and see all of you tomorrow!
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