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Re: None

Monday, 06/08/2009 11:05:26 PM

Monday, June 08, 2009 11:05:26 PM

Post# of 363139
Chart is a head scratcher

the Stochastic is fairly overbought, the Bollingers are tighter than ever and both the RSI and the MACD have had lower 'highs' recently which creates a negative divergence to the gradually rising price. If I didn't know there was pending news/drill activity on the horizon, I would think the price was due to break to the downside. The chart is definitely signalling some kind of price breakout soon. But it seems very unlikely that there is much downside in our minnow right now, what with all the potential blockbuster news tidbits flying about.