Tactical Air Defense Services, Inc.(fka TADF)

[frodo_1978]

here's an updated chart for today guys. I included more info, so it may look a little cluttered. Once again, for the 8th consecutive day TADF closed at or above the low 30 support area, yes, there have been minor breaches, but there have been breaches to the upside as well. If you notice, the last two days, there have been breaches to the top line of the slow drifting downward channel. Seems like it really wants to break thru it and reverse its course and start a little uptrend. The horizontal lines are the areas of support currently. there are more, but i didnt want to add too much to the chart. Also notice the dotted line. this is an uptrend from the beginning of the move in early april, which was touched today at .0027. Also, the 50 day is moving closer, and should have a 50/200 day ma cross within a week. THis is extremely bullish. This afternoon we got a pr saying that TADF received the next 200k in financing. THe first 200k in financing which was announced in late april, actually propelled us to get past the .0025 resistance area, and within days took us to .005. This time around it could help TADF finally get out of this slowly downward drifting channel. A clean break and close above the top line will confirm a trend reversal. It will also help it get closer to another crack at breaking the .0045 - .005 area. Todays action was pretty solid, as buying outpaced selling. I like how they announced the pr in the pm, instead of the morning, so that word can spread and build momentum into the morning. Lets see how she reacts tomorrow. GLTA (click on chart to enlarge)

http://investorshub.advfn.com/uimage/uploads/2011/5/25/ezbtttadf_5.25.11.JPG