Thursday, October 13, 2016 12:54:10 AM
seen some talk about it, but no charts posted on which to proffer opinions. ergo...
had a nice run up a pole with a pennant and the dwindling volume suggest that a consolidation period has nearly run its course. this is set to bust out another move. 5/10/20 moving averages are aligned. negative momentum indictors are diverging towards the positive side. accumulation is ongoing, and the cmf (which shows pressure on the ask) is still green. this just needs volume. news will bring it.
i'm suspecting a run to .60 may be coming in the next week or so. they still have a pr to put out, one telling us for whom and for what this commercial contract is about.
as always, everything i write can be disregarded. as it is with the stock purchase, posts are purely speculative.
good luck trading to ALL
rich
had a nice run up a pole with a pennant and the dwindling volume suggest that a consolidation period has nearly run its course. this is set to bust out another move. 5/10/20 moving averages are aligned. negative momentum indictors are diverging towards the positive side. accumulation is ongoing, and the cmf (which shows pressure on the ask) is still green. this just needs volume. news will bring it.
i'm suspecting a run to .60 may be coming in the next week or so. they still have a pr to put out, one telling us for whom and for what this commercial contract is about.
as always, everything i write can be disregarded. as it is with the stock purchase, posts are purely speculative.
good luck trading to ALL
rich
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