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Re: Edgenation post# 578

Friday, 04/08/2011 2:33:27 PM

Friday, April 08, 2011 2:33:27 PM

Post# of 1673
Edge! So much for that possible weakness! Things are looking good.

Price has consolidated nicely in a very tight range, very strong rejection candle wicks show longs are happy to take shares from weak hands.

Support is rising every day with the 50EMA/Trendline, MACD has been neutralizing, and is now back to the waterline. Today it is punching up through it's trigger line (very bullish breakout signal)

I suspect that newcomers will not have much luck getting significant positions filled at their bids, and will have to push the ask.

I have added to my position this week, and initiated positions in some accounts I manage, I don't think .05's are in the cards.

Just my opinion.

Good Luck IDSM holders!