Secure Technologies (fka SCTC)

[growacet]

A Look at FXGP's chart:

Sorry I don't know how to include the chart as part of my message, (or even if I'm able as a non-member) but here is a link:

http://stockcharts.com/def/servlet/SC.web?c=FXGP,uu[l,a]dallyiay[dc][pb50!b200][vc60][iUp14,3,3!Lg]&...

In analyzing technicals I would like to underline one point. I don't consider any one indicator as being full proof...If there was one single sure fire technical indicator, well everyone would learn it and wait for it by and large imo. A market needs both buyers and sellers and as such I consider TA a part of DD, but not the b all and end all. TA may give an indication of strong buying or strong selling...but for my own part I keep a close eye to see if that buying is possibly the result of News and or Promotion. In my opinion TA is likely to be most reliable when there is an absence of said news and/or promotion.

Moving averages:
You can play around with these on the chart by chosing 10, 20, 5 day...whatever you like. Two common MAs are the 50 and 200, this chart site defaults to them automatically. FXGP's 50 day is pointing up and to my eye the 200 day is edging up as well.

I consider an upturn in the 200 DMA to be an extremely bullish indication, and a cross of the 50 over the 200 to signal a possible break out.

Stochastics
My read shows the fast line pointing down with the near term indication being overbought. It was that way on Tuesday when I made my first purchase @.0068 but as I said I don't consider any one indicator to be full proof.

OBV (On Blance Volume)...
Basically what OBV purports to do is serve as an indication as to whether money is flowing into or out of a stock. On days when the PPS closes higher than the previous close the volume is counted (+), if the PPS closes down from the previous day it counts (-)...on day's with no change OBV doesn't change.

The OBV chart speaks for itself...and most encouraging to this investor is that there isn't any Press or other types of promotion attracting what I call 'Joe Sixpack and Sally Housecoat' investors...(I'm a big Simpsons fan for those who know the reference.

Any thoughts?

Gord