Tuesday, January 27, 2015 7:34:42 PM
OCLG: damn this is trading strong. it's getting ready to turn the weekly 100ma resistance of .0095 into support. the pressure on the ask is palpable. momentum and trend indicators are getting stronger. accumulation is ongoing. this is riding upward and ready for a continuation towards the near term target of .03.
there's good support here in the mid .007's. the 5ma is at .0076, and the 10ma is at .0062. these are strong points of support. the .0062 was also the 38% fib. i don't think it will do more than a minutes worth in the .006's. sans news, i look for a breakout to .012 and then a pullback to churn through the .008s. as orderly as this has been, i see no reason for it to run away into overheated territory. this is going up via the 5ma, and in being anchored inside the upper bollies, it remains in an uptrend that needs no chart correcting.
news and/or massive volume will of course change all this.
my target is still .025-.03 and above for no less than 150-200k of my current holding. iow, i will consider selling 50-100k if i see it spike high enough that the pullback merits a gamble. for example, i might consider a trade in the morning at .012 for a possible buy back at .0085-.009. as good a gamble as this is to hold and go long, i can't build or correct an illiquid portfolio without money. and as my fingers would post for anybody to see, myself especially, there is no such thing as bad profit.
there's good support here in the mid .007's. the 5ma is at .0076, and the 10ma is at .0062. these are strong points of support. the .0062 was also the 38% fib. i don't think it will do more than a minutes worth in the .006's. sans news, i look for a breakout to .012 and then a pullback to churn through the .008s. as orderly as this has been, i see no reason for it to run away into overheated territory. this is going up via the 5ma, and in being anchored inside the upper bollies, it remains in an uptrend that needs no chart correcting.
news and/or massive volume will of course change all this.
my target is still .025-.03 and above for no less than 150-200k of my current holding. iow, i will consider selling 50-100k if i see it spike high enough that the pullback merits a gamble. for example, i might consider a trade in the morning at .012 for a possible buy back at .0085-.009. as good a gamble as this is to hold and go long, i can't build or correct an illiquid portfolio without money. and as my fingers would post for anybody to see, myself especially, there is no such thing as bad profit.
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