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Sunday, March 01, 2015 10:42:36 PM
3 year DOWN TREND still intact.
The "big article" was published, the "new management" the "name change" and then a "new logo and re-branding" (to distance themselves from a pretty tainted SEC violation past and all the rest IMO), then the "plan" and now the "uplist" to Nasdaq and all the rest of the biggest events in company history (I guess?) and the stock is below where it was 3 yrs ago and is still in a sustained down trend??
Pretty amazing IMO. All that "stuff" and it's in a technical down trend still and priced below where it was 3 yrs ago where it was as an OTC traded penny stock and is in technical weakness with the 50 DMA inverted (below) the 200 DMA meaning a solid, long term technical down trend is still solidly intact the way I read it.
What exactly does it take to get this off the dime and not just in an few blips of momentary price spike or here and there (that literally last days typically at best)- but get some actual, sustained buying up-pressure and get it into a true uptrend which it hasn't seen for years and years?
3 yr chart: (at the very, very best the stock is flat for 3 yrs but in reality is even below where it was 3 yrs ago and below much of the avg price of the past 3 years- it's been dead money IMO for a long, long time unless day-traded w/ near perfect precision perhaps)
The "big article" was published, the "new management" the "name change" and then a "new logo and re-branding" (to distance themselves from a pretty tainted SEC violation past and all the rest IMO), then the "plan" and now the "uplist" to Nasdaq and all the rest of the biggest events in company history (I guess?) and the stock is below where it was 3 yrs ago and is still in a sustained down trend??
Pretty amazing IMO. All that "stuff" and it's in a technical down trend still and priced below where it was 3 yrs ago where it was as an OTC traded penny stock and is in technical weakness with the 50 DMA inverted (below) the 200 DMA meaning a solid, long term technical down trend is still solidly intact the way I read it.
What exactly does it take to get this off the dime and not just in an few blips of momentary price spike or here and there (that literally last days typically at best)- but get some actual, sustained buying up-pressure and get it into a true uptrend which it hasn't seen for years and years?
3 yr chart: (at the very, very best the stock is flat for 3 yrs but in reality is even below where it was 3 yrs ago and below much of the avg price of the past 3 years- it's been dead money IMO for a long, long time unless day-traded w/ near perfect precision perhaps)
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