Upper Bollie Technical Stuff:
I by no means am an expert, but I've heard from a video chartist, as well as a friend, that when a stock goes above it's "upper bollie," people tend to assume (think knee jerk reaction) that the stock is going to correct and go down, (basically a self-fulfilling prophecy creating a sell-off or because it simply has gone higher than its real value whatever)...(and SNEY is 'way above' the upper bollie - and last time it did that (look to the past) it went down more or less after that)...on the other hand, I noticed that the upward bollie line is itself going up right away to the upside (now), and so perhaps our corrections will be minor -- hey we are closing UP twice on big volume now...(with seemingly meaty PR's leading into the forthcoming PR -- real value here! chances seem high as to the real value of this prospecting location and management team!)
That being said, tomorrow may see a little red for the day (a lot? -- I doubt it)...but is the story here so good (it really might be) that chartists can be somewhat thrown out the window here, and this really is a steal of a buy <.01 (let alone higher than that)?
