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Re: TrendTrade2016 post# 1140

Sunday, 08/21/2016 12:16:04 AM

Sunday, August 21, 2016 12:16:04 AM

Post# of 2350
Much has transpired since your post of late July. As of today, it looks like price is seeking firm footing on the 40 week MA, which magically coincides with where it is perched on the 200 day MA.

For this purpose, I find the Gallery view at Stockcharts.com to be quite handy. http://stockcharts.com/freecharts/gallery.html?flxt

I agree that the first hurdle to be taken out is at $0.20, followed by $0.26, $0.30, and $0.35. If those levels are penetrated, it should make for smooth sailing.

Right now, waiting to see if it holds at the current level and rebounds is where the action is. Time will tell.
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