ImageXpress Corp (IMJX)

[gambler2075]

For my last of 3 posts per day (I think).... lol

Remember that this trading at above 0.0003 is now trading above the 50 dma, which is an important fact in it's own right. In my experience, stocks that are rebounding don't usually trade just above their 50dma for any length of time. They usually move alot quicker once this happens. So I expect to see trades at 0.0004 for a shorter period of time (maybe 3-4 trading days) unless news comes out, whereupon the stock explodes.

Still, this chart is doing great on anticipation of news already, and think about it this way...

There is a certain amount of resistance from 0.0003 to lets say 0.003...

the longer they wait without news coming out, the more shares smart money accumulates and the resistance between those two points starts thinning out (i.e. there are just less shares available between those two points).

So, when the news comes out and the runup starts, there is less resistance in between and the stock runs up even higher than it would have if the news came out sooner.

g