Intraday Hourly Chart TECO near 20 MA support Wel

Intraday Hourly Chart TECO near 20 MA support

Well you had to anticipate that some people would go for the quick flip, and that the bears would ride their coat tails. Most people don't sell 10,000 lots at a time on a penny unless they are trying to drive someone off of bid. You also have to figure that some of our newer bulls will try get the price down off of the highs for their entry and will piggy back the bears to get in cheaper.

This is all part of the game and why I'm just watching for an end of the week close around 4 cents. Right now the stock has pulled back off of the 4 cent area and is getting into the 20 hour moving average at 3.4 cents. Someone had about a million on bid at 3.5 and I think they are just letting it sit and fill and they are ignoring or oblivious to the small lot bid whacks.

It's an ebb and flow, the trend is your friend, and I'm watching for 4 cent Friday.

[IMG]http://i.imgur.com/C6uHL0n.png[/IMG]