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Re: Mort19 post# 839

Tuesday, 07/28/2015 6:37:25 PM

Tuesday, July 28, 2015 6:37:25 PM

Post# of 8334
And yes stock can consolidate here. But only thing i am almost certain is that, bears wouldn't bring the stock down for next few days ( unless there is some trigger fundamentally/news ). Now other reason why I think there will be some bullish movement ...
take any 5 days for this stock in daily chart - look for high and low price during the 5 day period. You would mostly be amazed with the price range in tune of .5 points - that means if low is 6$ , within 5 days stock has potential to touch 6.5$ . This stock cannot stay/consolidate at same price level. The chances of upward movement is higher because of the things I said previously as response for your observations.

I am not stating it will move , and if I say so I would be lying. However there is a higher chance for this stock to move up in next 5 days. If it doesn't - it doesn't :) let's hope that is not the case.
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