Hey Gwiz, its hard to predict when a stock will pop, but everything is pointing to a substantial move up very soon. Technically the stock is incredibly bullish.
* It is trading above the 50 and 200 day moving averages
* We just had a 50/100 day moving average cross
* A 50/200 day moving average cross will prob happen next week.
* Look at TADF last year what it did after it had the 50/100 & 50/200 cross
* So far this run has lasted over a month and a half, most pinks go by the three day rule (get pumped for three days and crash)
* Since the start of the run it has broken three significant resistance points with great volume and held above it.
* This consolidation period after the last run, has helped cool off the RSI reading, Like ive said, now its ready for the next run, and can support a move over a penny on the next leg up. (let me give you an example of what I mean, currently the RSI has a reading in the low 60's, after the initial run, the RSI spiked and when TADF consolidated in the low 20's the RSI was in the low 60's again. Thats a move from the low 20's to the low 40's, and the RSI is in the 60's. This is becasue it had time to consolidate after both runs, initially, it would have never sustained that run if it didnt consolidate first. It is now ready once again.
* The last real resisitance area left is the .0045 - .005 region
* This is because there is a trendline from July 2010 that is currently in that zone. ANd the cup and handle break just happens to be right in that zone.
* This is why im saying that a break of the .0045 - 005 will be explosive
* From what i see, barring any major events, it will probably trade sideways for another few days to a week.
* The weekly RSI also has ALOT of room to run
* The weekly chart also shows that it bounced off of the 50 week moving average
* For those of you who are getting a tad inpatient, let me just remind you that it has run from .0009 to .005 in just a little over a month. Thats over a 450% beginning to this run.
* Thats the equivalent of a 9 dollar stock going to 50 dollars.
* Technically looks great, but it has been driven by fundamentals and pending extraordinary future events
* Certain patterns take weeks even months to fully develop. Give it time, the handle will be broken soon and you will be happy you held on.
* Always remember the trend is your friend. We are in a marathon you guys, MM's will pull out all their tricks as we have witnessed several time, but at the end of the day it wont stop the inevitable.
GLTA
