Sigma Labs Inc (SASI)

[crook717]

If you look at all the indicators on a 1 hour and 4 hour time frame, they are in reverse mode or starting to reverse respectively.

If these indicators (MACD, RSI, Stoch, etc) bottom out over the next few trading sessions and we remain in the .12-.13 range, we should be ready for another move up. If they bottom out and we are trading in low 0.11, then the recent moves are pointless.

In other words, corrections happen, but when indicators start to turn in the unfavorable direction, you want the damage to be minimal. So by the time they are ready to reverse up again, you hopefully push for new highs.

Sometimes you even see a stock trade sideways while indicators are crashing/going down, this is the optimal scenario.

As of now, we have still ways to go. 1 hour time frame shows that they are 3/4ths of the way down, while the 4 hour time frame shows we are just now starting reverse. Hold on tight.