Ask slap into close saves $WGAS Trendline support
Post# of 72
Posted On: 08/21/2012 4:46:28 PM
Ask slap into close saves $WGAS
Trendline support on $WGAS is weakening by the day. It has already chopped through my sloping trendline, and is now threatening to take out the 50 DMA and .008 support area.
Yesterday $WGAS closed back under the 50 DMA again, which has already been pummeled for the past week, and today if it were not for 1100 shares of ask slaps at .0083 in the closing seconds, the stock would have closed at yesterday's close.
It really does look like someone has been trying hard to take out that support level for the past few days, but then again it could easily be the profit taking from those lucky enough to buy the .004 lows. 100% gains are good to lock in.
[IMG]http://i.imgur.com/FS2Pw.png[/IMG]
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