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Re: Garden Rose post# 195

Thursday, 12/29/2011 1:12:09 AM

Thursday, December 29, 2011 1:12:09 AM

Post# of 1914
In this case, you can draw a nice straight line of support on the Hourly chart right at $0.21 and the in the last 2-hours of trading More than 150,000 shares were purchased right around $0.21 and the total number of shares traded on the day were just over 209,000 (double the average shares traded in a day). Coming at the bottom of the market and with oversold conditions, that is an indication of firm support. However, there is also a descending triangle on the chart so, most likely, this support is only short term support.