Gib Cap Group Inc (GIBX)

[SPM555]

That wider yellow highlighted area is the major line in the sand the bears and bulls are fighting over. Last week's rally ran right into that resistance and hit a brick wall, but the stock didn't selloff at all (virtually no vol since the move up), the buyers just took a break. I very strongly believe this is just a breather before the bulls take over that area and start using it for support. This thing moves on air and getting back over there won't take much buying, and anything over the 15 EMA right now I see as bullish consolidation. Some other bullish notes:

-After the pocket of resistance at .0018 - .0022, there becomes less and less chart resistance, and nothing major until past .006.

-There's that gap still hanging open at .0045

-15 EMA just crossed over the 50 MA, first time since last Aug (before it ran for 2 months)

-Accum/Dist recently has broken out to new highs, very interesting since the price isn't even close to that. Why this is becomes obvious when you look at the overall daily volume bars from the past year +. The one huge spike that marked the top was very, very obviously some heavy duty selling, which is when you saw that Accum/Dist indicator drop off, but other than that all the other volume spikes have come on big up days. They have been spread apart too, but for the most part it's been steady buying with no significant selling.

-MACD is also showing some big bullishness with the higher lows diverging from the prices lower lows, and now you have the lines breaking past 0.