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Friday, March 04, 2016 7:29:17 AM
OCLG Update:
- A month later...no selling pressure is indicative of no notes coming into the picture. I also have a technical theory that makes this stock attractive to me. That theory isn't shocking, it revolves around converging 50 and 200 SMA's. I have seen these "mini dark periods" after a large decline in price due to notes. Often these end when the 200 starts to come close to the 50, even running parallel, until it is technically reset, then out of nowhere, news drops and a reversal or new uptrend goes into effect.
MCGI is a decent example.
OCLG's 50 & 13EMA are currently both at .0004, and the 200 is currently sitting at .0011. It's down 2 ticks from my initial assessment. These don't always wait until the exact point of golden cross, which is why I made the decision to get in early and prepare myself to be patient.
I imagine there are plenty of others like me waiting for the same.
My initial detailed assessment: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=120439785
GLTA
- A month later...no selling pressure is indicative of no notes coming into the picture. I also have a technical theory that makes this stock attractive to me. That theory isn't shocking, it revolves around converging 50 and 200 SMA's. I have seen these "mini dark periods" after a large decline in price due to notes. Often these end when the 200 starts to come close to the 50, even running parallel, until it is technically reset, then out of nowhere, news drops and a reversal or new uptrend goes into effect.
MCGI is a decent example.
OCLG's 50 & 13EMA are currently both at .0004, and the 200 is currently sitting at .0011. It's down 2 ticks from my initial assessment. These don't always wait until the exact point of golden cross, which is why I made the decision to get in early and prepare myself to be patient.
I imagine there are plenty of others like me waiting for the same.
My initial detailed assessment: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=120439785
GLTA
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