InvestorsHub Logo

OBI

Followers 6
Posts 556
Boards Moderated 0
Alias Born 03/11/2010

OBI

Re: OBI post# 50850

Wednesday, 05/25/2011 10:22:27 AM

Wednesday, May 25, 2011 10:22:27 AM

Post# of 58002
just in case why you think I landed the 0.55 number as the next target to reach, take a look

there is a double over head resistance right at 0.50 and 0.55

so if our sub wave iv correction does end at 0.30 with a closing above 0.40 we should meet this area very quickly.

of course closing above this would begin to turn the higher level chart around for even further bullish momentum.

but until then, I do not mind taking baby steps. Its a sleeper I tell ya

also as a very bullish indicator since the 10/20 EMA are now over 0.30, potentially if asr is as bullish I as hope it can be, we may never see under 0.30 for quite a while.