AI
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| Posts | 578 |
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| Alias Born | 05/12/2006 |
Friday, March 16, 2007 2:05:35 PM
Hi LP. Not sure why you chose 0.0063. IMO, it needs to close above yesterday's high of 0.0065 to preserve a technical uptrend, or else today's candle will be red. Red candles are almost always followed by a few days of retracement and/or basing (perhaps back down to 0.0050).
Also, if it closes exactly at 0.0065, that's a doji top, which usually indicates a short term reversal - more retracing and basing, again maybe back to 0.0050.
I don't know how this will end today - flippers may wanna take their (excellent) profits from this week and sell out, hence we close 0.0055-0.0060. Or, buyers may be afraid to wait until Monday when the price may take off again, so they buy in bulk in the last 30 minutes today, driving us above 0.0065.
My guess is that we close lower today (0.0055-0.0060) and then retrace/base for a few days, the bollies are way too far apart and the volume today is significantly lower than yesterday. But if there is a PR, well, all bets are off and we may again bust upwards
My guess is 0.0055-0.0060 by COB today (sorry, I wish it was at 0.0100, but hey, we'll get there soon enough IMHO)
GLTY
Opp
Also, if it closes exactly at 0.0065, that's a doji top, which usually indicates a short term reversal - more retracing and basing, again maybe back to 0.0050.
I don't know how this will end today - flippers may wanna take their (excellent) profits from this week and sell out, hence we close 0.0055-0.0060. Or, buyers may be afraid to wait until Monday when the price may take off again, so they buy in bulk in the last 30 minutes today, driving us above 0.0065.
My guess is that we close lower today (0.0055-0.0060) and then retrace/base for a few days, the bollies are way too far apart and the volume today is significantly lower than yesterday. But if there is a PR, well, all bets are off and we may again bust upwards
My guess is 0.0055-0.0060 by COB today (sorry, I wish it was at 0.0100, but hey, we'll get there soon enough IMHO)
GLTY
Opp
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