News Focus
News Focus

euc

Followers 31
Posts 3395
Boards Moderated 0
Alias Born 11/12/2011

euc

Re: A deleted message

Tuesday, 06/10/2014 6:13:43 PM

Tuesday, June 10, 2014 6:13:43 PM

Post# of 80876
The price is currently sitting at a resistance level. A break above a pps of 10.25 would be a break above the resistance level and could signal another small run.

If the pps can not break this resistance then it could fall back down and bounce off the 200sma again.

looking at a 3 month chart with daily candles it looks like some consolidation/sideways trading after the gap up from early May.. Do you blame people for taking their profits???

Hopefully the 50sma can cross the 200sma and make a golden cross... if that happens I suspect it will hit peoples radars and some good volume should follow..

today's doji candle shows there is still some selling pressure.... tomorrows candle should show where the price is headed. There are some small support levels between the current price and the 200sma... going to need some volume to break out..

just my 2 cents... still learning :)

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today