There was resistance at 0.137 the two times we tri
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Posted On: 01/21/2017 11:09:26 PM
There was resistance at 0.137 the two times we tried to breach it on Friday. A lot of people seem to have sell orders in there.
If we're guessing at the close after Monday I would say around 0.13 - 0.135. Actually that would be a good, steady rise from 0.12. Stocks that go up gradually tend to hold their value better. Stocks that fly up too quickly tend to attract a lot of stock flippers and the stock tumbles back down.
Look at it this way. If the stock went up a cent a day next week we would be at 0.17 by Friday and in a month would be sitting at 0.42. That would be pretty amazing considering the current high for this stock is in the mid-thirties.
It might take a couple of days to get past the resistance and into 0.14-.015, but it should happen sometime next week.
This is all speculation, because who knows what news the company will come out with. Still it would be interesting to get more guesses on Monday's closing price.
If we're guessing at the close after Monday I would say around 0.13 - 0.135. Actually that would be a good, steady rise from 0.12. Stocks that go up gradually tend to hold their value better. Stocks that fly up too quickly tend to attract a lot of stock flippers and the stock tumbles back down.
Look at it this way. If the stock went up a cent a day next week we would be at 0.17 by Friday and in a month would be sitting at 0.42. That would be pretty amazing considering the current high for this stock is in the mid-thirties.
It might take a couple of days to get past the resistance and into 0.14-.015, but it should happen sometime next week.
This is all speculation, because who knows what news the company will come out with. Still it would be interesting to get more guesses on Monday's closing price.
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