Thursday, August 07, 2014 10:34:59 PM
Bottom Bounce Chart Comparison
USTC and MSOA
USTC traded in a range of .0016 -.0008 for 10 days before bouncing. Volume after the first 2 days ranged from 10 - 34 Million a day for 8 more days. When it bounced, it ran on increasing daily volume for 3 days .0011-.0042.
MSOA (as of this post, Aug. 7) has traded in a range of .0016 -.0008 for 4 days (so far). Volume after the first 3 days has dwindled to 15 million.
A successful MSOA bounce has a modest target of .004 -.006. Considering that the price fall, is much more significant than USTC, and the existence of a 60 minute price gap from .02 - .015, a far more optimistic target could be that gap fill area.
Time will tell. Will post a follow up on this one after results are in.
USTC and MSOA
USTC traded in a range of .0016 -.0008 for 10 days before bouncing. Volume after the first 2 days ranged from 10 - 34 Million a day for 8 more days. When it bounced, it ran on increasing daily volume for 3 days .0011-.0042.
MSOA (as of this post, Aug. 7) has traded in a range of .0016 -.0008 for 4 days (so far). Volume after the first 3 days has dwindled to 15 million.
A successful MSOA bounce has a modest target of .004 -.006. Considering that the price fall, is much more significant than USTC, and the existence of a 60 minute price gap from .02 - .015, a far more optimistic target could be that gap fill area.
Time will tell. Will post a follow up on this one after results are in.
"I got a fever, and the only cure is, more cowbell, so send in the bulls!"
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