InvestorsHub Logo
Followers 1
Posts 357
Boards Moderated 0
Alias Born 12/14/2006

Re: TURK617 post# 12675

Friday, 06/15/2012 6:43:55 PM

Friday, June 15, 2012 6:43:55 PM

Post# of 57329
The big squeeze was what ran it up Monday and Tuesday, I think. No idea what sets it off again. Looks like 1.24 is a resistance point as is 1.54. We have broken 1.24, yet staying above it is a key. We break 1.54 and with some buying pressure, it could/should run to $2 or more. Looks like a pennant is forming on the chart. I'm used to seeing this form over a couple weeks or more, not a few days. The highs get lower and lows seem to be a bit higher. RSI is at or below 50 depending on if you look at 10 day, month, 3 month chart. Need to get to the power zone, above 70. Like any run, it needs buying pressure. The way the pennant is forming, it could get interesting midweek next week. With such a low float, this thing moves both directions mighty easily. Probably why indicators are showing a big move mid week next week. Big move, though could be down or up. I'll do my part and buy a bunch.