Wednesday, June 28, 2017 11:08:45 AM
uptrend broke when the stock fell under .15c.. so at this point who knows how low it can go. trend is now down, but it appears the stock is trying to put in a base here looking at the weekly chart.
once in an uptrend, if MXSG can move off this base, there's no reason why you should ever see .05c again.
once again, simple concepts. no need to complicate it with generally accepted technical analysis like candle stick formations, golden shower crosses, RSI "overbought", MACD, 200MA. they're all derived from the price action, so you just look at the source data and then you can understand the TA that helps you understand the price action. of course its important to have a grasp of the fundamentals. the two aren't mutually exclusive (for anybody thinking i'm an advocate of only chart readin'.)
I only know this due to white entitlement, clearly.
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