Wednesday, January 11, 2012 8:54:37 PM
You're very welcome elysse1kittykat, good to hear from you. Here is the ACTC daily chart with pivot points and support and resistance levels:
Note, the Full STO and Fast STO have both crossed negatively below their signal lines and IMHO, have much further to go on the downside. The ACTC StochRSI has also turned down and appears to be headed much lower. This is my interpretation and is not meant as investment or trading advice.
I didn't post at the start of the recent ACTC advance.
The ACTC chart above indicates the basing action for about ten days starting with 12/9/11 and then breaking above the pivot point "P" at .089 and then above the 50 DMA. Once ACTC broke above its 50 DMA and its "R1" resistance level it headed for the "R2" level and then its 200 DMA.
Good luck on your trades.
Bob
Note, the Full STO and Fast STO have both crossed negatively below their signal lines and IMHO, have much further to go on the downside. The ACTC StochRSI has also turned down and appears to be headed much lower. This is my interpretation and is not meant as investment or trading advice.
I didn't post at the start of the recent ACTC advance.
The ACTC chart above indicates the basing action for about ten days starting with 12/9/11 and then breaking above the pivot point "P" at .089 and then above the 50 DMA. Once ACTC broke above its 50 DMA and its "R1" resistance level it headed for the "R2" level and then its 200 DMA.
Good luck on your trades.
Bob
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
