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Tuesday, January 28, 2014 6:25:38 PM
Whether the stock finished at .0585 or .0575 today was absolutely meaningless. It traded enough shares in that range and above it today regardless of the EOD price. Ultimately you're complaining about a measly 1/10 of a penny which won't affect the chart of a .05 stock in any noticeable way.
EOD price painting happens all the time on both sides of the equation. Some days the price gets painted up, and some days the price gets painted down. People complain about both. It's either the evil MMs if it's painted down or it's the scamsters if it's painted up. It all evens out in the wash and should be ignored.
The key today wasn't the EOD price or even the HOD. It was the low of the day which was .056. Along with yesterday, it marks the highest low since November and along with the volume of the past week underscores the strong support the stock has. With all the legitimate positive technical data points, who really gives a flip about 1/10 of a penny at the close?
Ignore the inconsequential noise and pay attention to the true indicators that matter:
1) Is the 200 MA ascending or descending?
2) Where is the share price in relation to the 20 day moving average?
3) Is the 20 day moving average ascending or descending?
4) Is the 20 day moving average above or below the 200 day moving average?
5) What is the comparative volume on the weekly chart?
When you look at the answers to these questions you'll realize how ridiculous it is to point out and EOD paint job of 1/10 of a penny.
and price as it is represented on the weekly chart.
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