Sigma Labs Inc (SASI)

[crook717]

Technical analysis for those that worry about price movements daily but say they believe in SGLB and are in for the long haul. :)

http://s13.postimg.org/6ta5toxrr/Sigma_Technical_Analysis_080114.png

Just to recap what I said a few days ago (that this is still in consolidation mode).

200 day moving average is clear resistance (blue line), and we either bounced off or closed above the 50 day moving average (yellow line) so that is positive.
What continues to be positive is the fact that Stochastics continue to decline, but SGLB is not declining at the same rate, this goes same for RSI. This indicates a healthy consolidation.

However, risk remains in the fact that the stochastics and RSI still have not bottomed out, so this can go down further and retest it's biggest support which is around .10-.11 cents. Breaking below 0.10 cents (in my opinion) is nearly impossible unless we have really negative news.

If this stock stays at minimum of 0.11-0.115 or higher while stochastics and RSI bottom out (1-2 weeks, but don't hold me to it), then we are moving higher.

Near term MACD is negative and lost it's momentum, however it has been rising. Only concern is that it's starting to tip the wrong direction. Again though, if we can find enough buyers to fill the sellers during this consolidation while those indicators bottom out, then we go up from here. If 0.15 breaks, this thing will have a minor resistance at 0.18, but then it's open skies after that.

Granted any news, throws all this out the window.