A quick bit of TA here, and correct me if Im wrong
Post# of 45510
Posted On: 07/17/2012 11:20:57 AM
Re: willmakeitrain #2273
A quick bit of TA here, and correct me if Im wrong, Will.
To me this has been a perfect consolidation period starting June 29. The gap up black candle on July 11th was a little 30k share buy printing at 03 in the morning, not a big deal. We have been consolidating and creeping up slowly, breaking the downtrend.
Ive been using an MA of 110 on the chart for support levels, along with the straight support at 018. The middle Bolly is moving down sharpy to meet the pps. Its currently at 022. The upper and lower bollys are coming in for a pinch very quickly. So support and resistance are only $0.004 apart, thanks to the consolidation. This chart and stock are coiling like a spring / snake, ready to jump up and explode. It looks like it may take another two or three days before the pressure is too much. So I think next week we bust through the 20 MA and start eyeing the 3s again. I think we're about the have some very happy, green days ahead. Enjoy them badgers, this is just the beginning!
To me this has been a perfect consolidation period starting June 29. The gap up black candle on July 11th was a little 30k share buy printing at 03 in the morning, not a big deal. We have been consolidating and creeping up slowly, breaking the downtrend.
Ive been using an MA of 110 on the chart for support levels, along with the straight support at 018. The middle Bolly is moving down sharpy to meet the pps. Its currently at 022. The upper and lower bollys are coming in for a pinch very quickly. So support and resistance are only $0.004 apart, thanks to the consolidation. This chart and stock are coiling like a spring / snake, ready to jump up and explode. It looks like it may take another two or three days before the pressure is too much. So I think next week we bust through the 20 MA and start eyeing the 3s again. I think we're about the have some very happy, green days ahead. Enjoy them badgers, this is just the beginning!
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