Tuesday, May 19, 2015 11:13:40 AM
$HJOE Chart - after forming BEARISH DARK CLOUD COVER reversal pattern on the 14th $HJOE has responded w/ 3 up days in a row - impressive - $HJOE has created a declining volume pattern - as the share price climbs closer to 200 day moving average resistance the volume has been decreasing - less buyers as the price climbs -
The 200 Day Moving Average @ 0.0049 is the Key level to close above & turn into support - on the 14th $HJOE broke the 200 DMA, but failed to close above & a pullback followed - it's all about the 200 DMA going forward - the line in the sand - candles forming above the 200 DMA = upside potential & candles forming below the 200 DMA = downside risk -
The 200 Day Moving Average @ 0.0049 is the Key level to close above & turn into support - on the 14th $HJOE broke the 200 DMA, but failed to close above & a pullback followed - it's all about the 200 DMA going forward - the line in the sand - candles forming above the 200 DMA = upside potential & candles forming below the 200 DMA = downside risk -
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http://investorshub.advfn.com/boards/read_msg.aspx?message_id=86130044
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