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Re: Sooah post# 51922

Thursday, 12/18/2014 3:12:47 PM

Thursday, December 18, 2014 3:12:47 PM

Post# of 111918
+50% in 2 days! Consolidation is healthy and expected at these levels. There are some .002x flippers, tax season sellers, and a little bit of dilution. No surprise here. Shares are being transferred into stronger hands and we are holding the support line around .0035. Close at .0040 by the end of the week would confirm the bottom and show that the reversal is in effect. Then we can start chipping away at that 20 day moving average!

05 day moving average is .0035
20 day moving average is .0054
50 day moving average is .0097

14 day RSI is 34%

The 5 day moving average is showing strong support and the RSI is still showing that this stock is over sold! A close above the 20 day moving average next week would propel the price to the next resistance point at .0097!