InvestorsHub Logo
Followers 8
Posts 419
Boards Moderated 0
Alias Born 11/25/2008

Re: None

Wednesday, 01/11/2012 10:13:26 PM

Wednesday, January 11, 2012 10:13:26 PM

Post# of 129051
I agree that we will see consolidation likely in the mid .02s where we are now. But with a parabolic MACD it usually means the move will continue at least until the averages cross.

You're right about it still being under the 0 line, but just barely, it's in a position where if we get continued volume, interest and momentum it could be over the 0 line in no time and then we could get a fresh MACD cross over the 0 line.

RSI 73 is overbought, but as I'm sure you know, stocks can RUN when they are over 70, it's only when it comes off the 70 line that it may pullback.

Technicals look good on this still. I would like to buy more at .02 though, Maybe I will get a chance, maybe not.
Join InvestorsHub

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.