Wednesday, February 02, 2011 11:50:55 PM
SMPP charts....
The range-bound .0003 to .0005 is a triple bottom, broken out and target from this is .0008:
The .0008 target suggests that SMPP will at least visit its longer term resistance at .0009; this price is the top resistance of a larger double bottom. Once over .0009, then .0017 is the next stop:
(yes, bottoms can be, and often are, uneven in these formations. This one is within proper tolerance to remain vailid)
The range-bound .0003 to .0005 is a triple bottom, broken out and target from this is .0008:
The .0008 target suggests that SMPP will at least visit its longer term resistance at .0009; this price is the top resistance of a larger double bottom. Once over .0009, then .0017 is the next stop:
(yes, bottoms can be, and often are, uneven in these formations. This one is within proper tolerance to remain vailid)
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