On4 Communications Inc (ONCI)

[SeatonBM]

CHART/ TA: IF ONCI remains a stair stepping stock... It will need to hold above $0.01 (at least roughly)...

Key for picture (below) of chart:

Orange Line = LOWER PPS trend line
(PPS should NOT drop below this line to keep integrity of trend)

Green Lines = HIGHER PPS trend line

Red Arrow = Bull run
(with lines that point to where green and orange lines intersect, circled in red)

Blue Line = Shows stair stepping pattern...
(Price needs to hold above $0.0041 to keep stair stepping integrity)

TA:

Support level to hold is $0.0115 (roughly, I know we closed at $0.0114)... Resistance is at $0.015... Currently bears are winning in the short term, long term bulls are in charge though...

RSI is cooled off... I suspect we will waiver back and forth around this price for a few days before running again, if it runs... I would expect break out around the next green/ orange line intersection indicated in picture below...

MACD signaled reversal potential reversal recently... PPS should soon start drifting up before running again (that doesn't mean we can't go down too though, but over all trend will be up I think)...

Looking for a divergence in MACD/ Stochastics compared to PPS (which means red PPS movement right now is actually semi a bullish movement if MACD/ Stochastics trends upwards- need MACD and stochastics to pull back north before they fall below last low points)... Divergence is bullish signal...

MA-50 above MA-200 and trending upwards strong.... Bulls in control in big picture...

Disclosure: I hold 168,341 shares right now, but I am in the red here currently...

I expect a mild rebound tomorrow, but probably won't surpass $0.015... should hold $0.0115 though (or close)... I expect PPS to remain inside current green and orange trend lines...