AI
Wednesday, June 24, 2015 7:13:38 PM
The important point is that the 200DMA was violated on both the daily and weekly chart. This is just like what happened with the 50DMA on the daily chart back on May 11, 2015. That means $0.0006 isn't going to hold as firm support. Certainly as time progresses the directional trend in share price and moving average are much more clearly defined.
So it's time to review the charts and the next supports are $0.0003x4.
I believe you and I are saying and seeing the same thing from a technical perspective.
Those who close out at $0.0006 walk away with most of their capital preserved and live to fight another day. The others will have severe capital impairment and have to choose between large losses, averaging down, or praying that there's some turnaround in the mid-term.
$PVSP Daily Chart:
$PVSP Weekly Chart:
So it's time to review the charts and the next supports are $0.0003x4.
I believe you and I are saying and seeing the same thing from a technical perspective.
Those who close out at $0.0006 walk away with most of their capital preserved and live to fight another day. The others will have severe capital impairment and have to choose between large losses, averaging down, or praying that there's some turnaround in the mid-term.
$PVSP Daily Chart:
$PVSP Weekly Chart:
The paradox of iHub: buy high, sell low
