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Re: BoomSoon post# 27196

Tuesday, 02/03/2015 5:33:18 PM

Tuesday, February 03, 2015 5:33:18 PM

Post# of 43287
Aside from the more relevant Weekly Chart…

here’s what I see on the Daily Chart since the New Year (1-Month setting):

Out of the twenty-two days of trading, we Closed nine of those days at .0030 with only one Close lower at .0029 – every one of last week’s Closes were at .0030. Only five of the Closes were above the 50SMA during the 22-day period and were no more than .0002 higher and should be considered anomalies to the average.

The ADX crossed 20 midweek last week and brought the positive guy with him; the loser is in retreat.

MACD has been trying to surface since the New Year and has crossed its signal line and is looking to break ice.

And Williams said we were oversold all-week last week.

Here’s what I found for Resistance: The 100SMA @ .0035; the top Bolli @ .034; and of course the aforementioned 50SMA @ .0032.

I found Support with the lower Bolli @ .0028 and the SAR sitting pretty just daring the PPS to touch it @ .0029. However, do we not have a floor @ .0030 (see above)… but what about the foundation?

No doubt, a pretty tight trading range for 2015. But more importantly… I think we’ve been quietly consolidating at low volume since Halloween (see the Weekly). Treat anyone?

Oh, and waitedthislong, what took you so long to post? But welcome aboard. And yes, things do seem to finally be coming together including Resistance and Support. Something’s got to give.
Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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