On4 Communications Inc (ONCI)

[Stocksinmysocks]

$ONCI support went from 6-7 to 7-8, this supports the change of hands holding here after the first (but very normal) correction and profit taking of the low range trip holders. They are now replaced by holders in 9's, 10's and some higher. I see a steady grow of rising support so also a higher buying every time. The candles also indicate that the buyers have good pressure on the sellers, and that sellers (you can see it in the lows of the candles)are loosing it. If any shorter are around, they probably sold the wall around 001. If buying pressure continues they will be forced to buy back, adding up with the normal buying pressure probably around the 15's. This would very possibly create a huge spike to probably over 002. And all this is without news catalysts. If the right news hits, this would combine huge exploding forces.
So only rising support would bring us to 0015, rising support + buy back brings us to over 002, first news this week plus last two combined brings us to last 52 day high, full reporting on the substantial revenues and both JV's gives us new unseen records.


IMO and GLTA



-all posts are my opinion. Do your own DD-