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Friday, May 08, 2015 10:13:22 AM
I know you didn’t ask me, but…
A Closing below .0013 on the Daily chart and to substantiate it, a Closing on the Weekly below .0013. In effect, our Support would be blown and no doubt a negative sign.
I’d like to see sideways trading (accumulation) between now and, like the weatherman predicts, May or June. However, I’d say June… then time’s out. The Resistance trend line from the SCHOTT announcement, using Closing prices on both charts, allows my June prediction, thus my accumulation hope. Trading between .0017 and .0014 would be ideal.
And yes, I know, it’s not a perfect world that we trade in. But knowing where that bottom is… is after-the-fact talent.
And I agree completely with the weathercat’s answer to you… especially, that “slow, very deliberate share price rise…” I like those words.
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