CAP ...PNHL is trading @ support ... the resistance levels are still the same..
I use the three indicators below to track the sentiment of the different sectors of investors in a stock, their actions on the chart coincide with the actions within these three different sectors of investors/traders:
First... On Balance Volume is the one that tracks insider and registered shareholder money going in and out of the stock, the OBV indicator will go down when different SEC forms are filed showing dilution by insiders.
Second ... Accumulation/Distribution tracks the individual retail shareholder. many times Accum/Dist will go up while the PPS of a stock is going lower and lower; also while the PPS is going lower, investors on the message board for the stock, will be talking about buying, and how many shares they hold.
Thirdly... Chaikin Oscillator controls the PPS more than the other two.... the PPS will tank when this indicator goes down, even if OBV and Accum/Dist are going up, this fact alone makes know this indicator tracks "the shares" that rule the stock (MMs in other words). OBV, and Accum/Dist can be going up, but until ChiOsc goes up the PPS will stay lower, or continue going down..... Chiosc can go up before the PPS goes up, indicating that MMs are accumulating before a run.
OBV = Insiders, big share holder investors(institutional, etc) and Registered shareholders (that is; individual shareholders with more than 5% holdings in the company).
Accum/Dist = over the counter individual Retail shareholders with less than 5% of the company stock.
ChiOsc = those who control the stock PPS and chart actions, that being MMs.
These three technical indicators have explanations on StockCharts.com and other places, that tell what they do technically, but they also work to track the buy/sell sentiment of the different sectors of shareholders.
