Tidelands Oil & Gas Corporation (TIDE)

[catmaniac]

Let's look at it ANOTHER way then...
This is currently trading, on my 90day
chart, with the 50dayma WELL below the
200dayma, and EVEN THOUGH that last little
spike in July bent the 50 towards the
200 it's still just now flatlinging...
after that spike poked a hole in the 200dayma
it immediately began to fall back down in
price ever since. This is in a down trend
and HAS been in a down trending, according
to my 152weekly chart ever since FOUR FEB.s
ago.
NOW...you would EXPECT it to find SOME kind
of support around .17 right close to the 50dayma
and arguabily you could say there is some
historical support here as well, boing back
to last Feb...
BUT...
it CRASHED through that all the way to .135
or so yesterday.
NOW...on very light volume it is STRUGGLING
to hold on to .18 today but I don't see any
justification for that TECHNICALLY.
IN FACT...
a pretty GOOD argument, TECHNICALLY speaking
could be made for SELLING right now, if you
were not a long term investor. TODAY, as in
RIGHT NOW...OLD SUPPORT has become NEW resistance
@ .18.
With no news expected for antoher month and this
pps JUST trading @ .13
AND the fact that NITE is sitting on the BASE
PRICE for this stock...
I dunno...what do YOU SEE that I'm missing here ?
catmaniac

PS...hey...I've WISHED and PRAYED them to go UP
before TOO, but it's so seldom that I don't count
on WISHFUL THINKING anymore.