BigB if you go to stockta.com and plug in CYGX
you will notice support/resistance numbers on the left hand side.
The higher the support/resistance number the better the support or resistance at that level.
For example: At $0.69 CYGX has a support figure of 16 and a resistance figure at $0.74 of 4.
CYGX also has a support figure of 15 at $0.59. Two levels that have very good support figures at those levels. Good news might easily break through $0.74 with a weak resistance figure of 4, but it would take some pretty bad news to break support figures currently in place, however, if on the other hand the support at $0.69 were 2 or 4, indicating weak support, any type of negative news or a dull market in general
might cause the stock to drift down to a level that has
a better support figure.
The support resistance does change all the time depending on
news, lack of news, the general market trend in that particular sector, ect. So things are pretty much in a static
state. CYGX seems to have firmed its support quite a bit and at higher prices lately. That is why I seem to think there IS quite accumulation going on (volume not too high volume not too low). Just low enough not to attract any attention.
Also, this is the reason I believe there is something yet to come. I may be wrong, but the resistance /support seems to point the other way.
CD_98
AI
