Thursday, April 24, 2014 8:58:46 AM
MacD bearish cross about to happen
RSI near 50, headed south with no indication of a curl (yet)
HUGE red candle closing at a lower-low
Support at .08 (SMA50)
Support at .075 (triple bottom)
We have nothing at all to indicate any sort of climb/pop/increase is headed our way. No PR, no news, a forbes article which i still wonder how people expect it to help the PPS, and nothing on the chart but bearish/sell signals, and most importantly no volume. If you are going by the chart alone, you have to expect this will hit at least .08 before anyone even has it on their radar.
Is that what you call a "breather"?? Thats what, 60% down from your pump?
Not saying i am personally using charts for my signals here, but my point is that you posting the chart is not helping anything. It is showing pure negative.
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