The big block at .29 kept SHMX from really breaking out today. If it got through that block the upside seems to have room to run.
Strong and close support should limit the downside risk the rest of the week. Support 1 - .0026 Support 2 - .0024
Plus, almost every short term indicator is a BUY according to barcharts.com. Short Term Indicators 7 Day Average Directional Indicator BUY 10 - 8 Day Moving Average Hilo Channel BUY 20 Day Moving Average vs Price BUY 20 - 50 Day MACD Oscillator BUY 20 Day Bollinger Bands Hold
According to barcharts.com Short Term Indicators Average: 80% Buy
Not to mention 3 of 4 medium term indicators are also determined to be BUYs according to barcharts. Medium Term Indicators 40 Day Commodity Channel Index BUY 50 Day Moving Average vs Price BUY 50 Day Parabolic Time/Price BUY
Good Luck the rest of week! There will be big gains ahead with SHMX!
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