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Doubledown22

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Doubledown22

Re: None

Wednesday, 05/23/2012 9:56:38 AM

Wednesday, May 23, 2012 9:56:38 AM

Post# of 504
Critical area down here around the 50 Weekly Moving average at $3.31. It bounced nicely the last time it got close to it but was only a short lived recovery.

The ACCUM/DIST is the most troubling chart indicator to me over the past 2 months. Someone (company or major investors i.e. Hedge funds profit taking) are unloading their shares day after day since April.

I would love to see the volume dry up some and the price consolidate/churn some at this critical support level.

DD22



You must be the change you wish to see in the world.
Mahatma Gandhi

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