ACOL Technical & Fundamental analysis for Friday. Yesterday's technical analysis was again correct{#17529}with PPS hitting near the top of the price channel @ .0144, but still within the established trading parameters of .0115-.0145. There appears to be @ the moment @ blog or promo that moved the needle & spiked the volume to 3X + the normal trading. Unfortunately, technical analysis can not account for an Ad Hoc pump event or news release, until after the fact. History has shown though, that these events within a Co. such as ACOL, with its current stock structure & profile, if plotted on a straight line that goes back & forward far enough, will only show up as a bleep & have no significant overall effect on PPS in the long run.
Friday shows ACOL hitting the upper Bolinger band, which indicates a PPS top, RSI is touching the bottom of the overbought line & the MF index is the same as the RSI, which further confirms ACOL's overbought status, while momentun is still on a fairly flat line, which indicates that ACOL is stuck in a sideways trend. Barring any news, pump or other PR market event, ACOL should stabalize back to its mean of around .0125 or thereabouts or possibly lower, this will be plain to see as soon as volume returns to a more normal equilibrium of around 3-4 million shares traded daily. This weekend I'll post on the penny stock quandry that I uncovered while doing research on pennies, that will be faced by some shareholders, but appear to be oblivious to its pernicious effect. Trading involves risk. This is NOT intended as financial advise. GLTA Play it as you see it. P.S. BTW Karlstier, you spoke too soon, you should know to wait for the FINAL BELL, before you claim a hollow victory{#17546}.
