Greg's Scratch Board

[Gregory_]

DNAG follow up - correction, it opened at the close of the prior long real body. These are difficult to judge as the price pushed up to 0.003 before sinking to 0.0025 and hanging here for a while. Even though it opened and moved upward at the beginning of the day, by 9:40a the price movement shot back down to 0.0029 giving the indication that this would not maintain the upward push. It seems if the price doesn't break through the close of the doji, it will trend sideways or downward. In retrospect, I think the long real body on the harami cross wasn't long enough. Also, the MACD was negative. This is the second time a stock with negative MACD shot downward after the harami cross.

Because of the low volume on the low open and the negative MACD, I did not trade this stock.