"House of Pinchers"

[Roosterdoo]

On the 3 Month chart it Looks like it is just starting, or is it a head fake? The last two candles were a inverted hammer (reversal candle) followed by a gap up spinning top with less volume. 5dma turning to cross the 10dma , MACD ready to cross, TRIX 3,3 has a sharp up turn, FAST STOLY has a hook up, AD has a hook up, would like to see the ADX 2 turn up, then the 4 then the 14. On the 10 day hourly chart the ADX and PPO have separated and on the 20day hourly the ADX and PPO pinched and released and the BOLY’s are tight. It has lots of room to the 50dma at .73 and that is where the resis looks to set in tween .73 and .82. Support at .65 Range Lets get the 5 and 10dma’s under us for support and pass through the SAR, then the 20DMA 50EMA and the 50DMA. Lots can still go wrong but I am holding and look to add some, as I just have a small position incase it turned back, but IMO looks good for a jiffy. Lets get the volume back up Friday and it should be setting up for a nice week. Not too worried until it test the support at the .65 area. There is a lot of potential here, will it come to fruition? I would like to think so, lol.