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  4. Imagination TV, Inc. (IMTV) Message Board

listen up if you want a very down to earth technic

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Post# of 45510
Posted On: 07/05/2012 6:36:29 PM
Posted By: moneyman

listen up if you want a very down to earth technical/ candlestick analysis...


first- last time we finished the day on our 100 day moving average like today we were very close to our last monster breakout.  If you watch from february to the beginning of april this was a very solid level of support for us.  Hopefully we can hold this level and move up and challenge the 65 day moving average of .026. It is VERY important to stay above this 100 day moving average. when we fall below it everyone always gets scared. this all in all was a good day even though we only closed up .5%


Second- this is the not as good news but not bad news either.  Today did not confirm an uptrend and slightly showed SMALL signs of a downtrend.  I will say one more time how important it is to stay above the 100 day  moving average.  Nobody is probably still reading by now but if you are I hope this helped.  This analysis used no pr news just charting. GO ICPA!



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