Wednesday, January 05, 2011 8:53:19 AM
XNRG - Looking a little bearish for the latter part of December and the beginning of January. Bulls have been a bit indecisive which has kept XNRG from recognizing and holding gains. yesterday we closed slightly above the low of the day of .14 @ .141, after reaching the high of the day @.16. XNRG has sustained a gain of over 450% from .03 at the beginning of December to current PPS.
It appears those investors who have accrued profits have divested themselves of shares and have taken profits. As indicated in Accum/Dist chart. This is to be expected. As we move closer to our expected dates of NEWS and UPDATES , we will see XNRG return to it's once charging bullish trading pattern again.
RSI 14 is in a great place, we have establish good support at the level we now find ourselves in. Investor sentiment remains high, once we see an uptick in the MACD we will fly. The bolly bands are tightening , we are trading above the 20 and 200 MA , which is still holding from it's Golden cross.
It appears those investors who have accrued profits have divested themselves of shares and have taken profits. As indicated in Accum/Dist chart. This is to be expected. As we move closer to our expected dates of NEWS and UPDATES , we will see XNRG return to it's once charging bullish trading pattern again.
RSI 14 is in a great place, we have establish good support at the level we now find ourselves in. Investor sentiment remains high, once we see an uptick in the MACD we will fly. The bolly bands are tightening , we are trading above the 20 and 200 MA , which is still holding from it's Golden cross.
Didn't do your
DD, did you !
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
