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Thursday, December 21, 2006 9:43:17 PM
Good evening. A technical premise exists yet discussed here. I am long SFNN @ .023 and .026.
Perhaps a triangle of sorts has formed in the daily chart. Declining volume fits the formation, as do the mixed technical studies discussed on the board. Relative strength has a bullish lean. So do volume studies. Employing math relative to the triangle apex a .054 near term target might be suggested. The "golden rule" points to .077 as a potential target in the intermediate term. Of course, this is an otc stock and things can change rapidly (and worse).
Here a sixty minute chart with approximate trianle lines allows the process to continue (perhaps) another day before a technical decision is made. A white vertical line indentifies a potential (strong) bullish scenario (Aroon 3) which may occur soon. Volume patterns in this chart duration are bullish too.
Looking at time and sales reports I find few in-between trades. These are typical of new shares being sold. No obvious evidence exists suggesting is the case.
I agree intraday volume is preculiar as if mm accumulation may be ongoing, although that is only an estimate of the activity.
I am long and looking for a meaningful positive share price movement quite soon.
There's that two cents. Broke again.
Perhaps a triangle of sorts has formed in the daily chart. Declining volume fits the formation, as do the mixed technical studies discussed on the board. Relative strength has a bullish lean. So do volume studies. Employing math relative to the triangle apex a .054 near term target might be suggested. The "golden rule" points to .077 as a potential target in the intermediate term. Of course, this is an otc stock and things can change rapidly (and worse).
Here a sixty minute chart with approximate trianle lines allows the process to continue (perhaps) another day before a technical decision is made. A white vertical line indentifies a potential (strong) bullish scenario (Aroon 3) which may occur soon. Volume patterns in this chart duration are bullish too.
Looking at time and sales reports I find few in-between trades. These are typical of new shares being sold. No obvious evidence exists suggesting is the case.
I agree intraday volume is preculiar as if mm accumulation may be ongoing, although that is only an estimate of the activity.
I am long and looking for a meaningful positive share price movement quite soon.
There's that two cents. Broke again.
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