Payment Data Systems Inc (PYDS)

[stocktrademan]

Today it made a bullish hammer candlestick, the default macd/ppo is still above 0 bullish, the stochastics are oversold crossing up, williams %r is oversold and exiting the lower boundary area giving a buy signal. The major moving averages are all nearby below the hammer candlestick providing good support. The chart over the years has shown that price in the $1-2 range is the low end of the chart, and currently the chart is making higher highs and higher lows uptrending overall. One could draw a straight diagonal trendline upwards from the center of the chart. Volume spikes green as the trend climbs higher, so panicky shorts are probably covering adding to the rise....This is a good place to add shares to a long term position imho...