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Friday, September 09, 2011 4:23:34 PM
Sorry, I was in a bit of a rush when I posted that.
Well, Mugs seems to have a handle on the chart reading --
"If you look at the IMGG chart real close, it is telling investors to not buy the stock because the CEO by the name of Dean Janes AKA: Lowest common denominator, is just running a scam and buying or trading this stock is just a waste of time and money!!"
So, what more do you need to know?
Oh, some OBJECTIVE technical analysis?
Ok for that.
Some of the momentum indicators are trying to get into positive territory ( the bottom three graphs)
The shot at .10 today failed with more volume than usual.....
not a good sign.
However the 100 dma ( red dots) held support - a good thing
I wish I could give you a "prediction" re where we go from here, but it is a crap shoot as far as I can tell.
Chart:
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=4&dy=0&id=p68307571212&a=228499894
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