Simple TA by Wizetradr

[Wizetradr]

Stock Observer,

You've come across a very interesting stock here. I did some quick DD on it, the curious thing is I am not sure why it has had this rather significant runup this past week, if you can explain it I would love to hear your thoughts.

Willsimon is right on with his analysis that a pullback is in order short term, I completely agree with his assesment. The main question right now is, is how long is this pullback going to last? The weekly chart is also over extended a bit, which helps to verify the short term pullback, however the monthly chart appears to be starting a new upward trend.

This company seems to still be in the developement stages, and it's drop from $9.00 to .12 cents is a bit concerning, but they do seem like they are headed in the right direction. A break above $4.00 long term would make me feel alot better.

Lets see how the next couple weeks go trading wise, than we should know if this pull back is just a pullback or a true trend reversal.

Again, Nice find! See chart below for more details.