Fuse Science Inc (DROP)

[pennywars]

Seems xtremepicks is still supporting DEGH - Long and Strong!

Xtremepicks.com: DEGH - We seen it before, will see it again!

DEGH continues to create higher levels of support with each trading day and today the stock gave us another opportunity to pick up some cheap shares on a low volume pull back. Bounce plays can be quite lucrative as we just seen it when DEGH consolidated to $0.012 only to bounce hard to $0.05 earlier today!

Smart Money moves in on these low volume pull back days!

After breaking the first resistance of $0.03 yesterday, today's action confirmed that this level is the new support level which DEGH bounce off solidly. Low volume pull backs trade out the weak short term players for long term and stronger players - good for any stock on a monster bullish run.

Looking at the chart below shows a significant bounce off the 20 day moving average line and closing above yesterday's low price - sending a strong bullish signal for DEGH.




Accumulation continues to build as we approach closer and closer to the official news of DEGH's reverse merger. We continue to hold strong and add to our position when opportunity days like today presents itself.

Low Volume Pullback




What Does Low Volume Pullback Mean?
A technical correction toward an area of support that occurs on lower-than-average volume. The low volume is a signal to traders that the trend is not reversing and that it is only the weak longs looking to lock in a quick profit. Frequent moves that occur in the opposite direction of a trend, which are accompanied by low volume, are normal fluctuations and generally deemed to be insignificant.

Investopedia Says
Investopedia explains Low Volume Pullback
Many technical traders will try to enter a position on the short-term weakness seen in a low volume pullback because it increases the risk/reward ratio as stop losses are closer to major support levels. It is common that large changes in volume will precede a price move. Traders will use indicators, such as the on-balance volume (OBV) to find situations where the trend and the volume are diverging.

About DEGH

“Effective October 18, 2010, the Company entered into a Letter of Intent (“LOI”) with M.E. “Hank” Durschlag, its CEO to acquire Pocket Drops, Inc. and Skin Science, Inc. The Company is seeking debt and equity financing to complete the purchase and begin marketing. Pocket Drops has developed several concentrated sublingual drops to include electrolytes for sports, caffeine drops for energy and vitamin drops for children. Skin Science is a patent-pending system including manufactured thin film incorporating natural and synthetic active ingredients that when applied in conjunction with heat and moisture increase the overall health and beauty of your skin. Skin Science has also formulated a product for acne treatment.”


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