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Re: docprep post# 82306

Friday, 10/27/2017 11:11:02 AM

Friday, October 27, 2017 11:11:02 AM

Post# of 106837
I agree with you, however moving averages play a part in all of this as they are daily support and resistance along with your pivots.
The way the chart looks now we either come back over the .0301 -.0308 which is where resistance lies right now in the form of the nine and the twenty. below us we have support at the 50 which is sitting at 0.0261. That number will be a little higher Monday if we hold this level today.
All of this looks very healthy to me so far. We have major risistance in the fours and without news you're not going to see a bullish run through the 200 day MA over night. If you do buy more cause someone knows something we don't.