nothing goes up without pausing, or, more likely, coming back down. the gravestone doji on today's chart is generally a significant signal when seen in an uptrend. its a pause/reversal signal.
on my chart i noticed both the upper and lower bollies straightened out. chiosc and a/d also turned down. and once again it rode above the top bollie. makes pulling back even more likely.
having an order in around the 50ma at .04-.041 is a good chart read for picking off some shares. a stock has to test its support line before it can go anywhere. no floor means no bottom. the recent historical support here -- ceiling turned floor -- is around .037 which is basically the 20 day ma. i think this one is coming back to it, and if it has another near term run in it, will consolidate from there up. the 20 should cross the 50 in the next week or so -- that's an early golden cross. its after the 20ma goes thru the 50, not the 50 thru the 200, where the bigger gains take place.
seems to me that the chart is in place. all this stock needs is to consolidate the higher platform, find a stimulus -- rumor, news, filing, yada yada -- and bring back the volume. of course, that's all easier written than done.
anyways...
i think its primed, but, then, whenever i try and read the tea leaves, orange pekoe from Ceylon, i get a nice redolent scent, but it all looks like a rorschach test i took and failed when i was in college. and my crystal ball? its always murky red. so what do i know?
best of trading to ALL
rich
