InvestorsHub Logo
Followers 7
Posts 334
Boards Moderated 0
Alias Born 06/03/2012

Re: None

Monday, 07/02/2012 5:14:34 PM

Monday, July 02, 2012 5:14:34 PM

Post# of 38376
Aniemic volume day today! All this means is that the swing Daytraders have stepped away for now. The price range for entest is likely to remain above the 50-DMA. If the chart begins to form a new flag formation that trends up, Then I would expect Daytrader participation to pickup. This is the point in a Bullish move that "tests" the strength of the long term holders. If the long term holders are weak here, then we will likely experience a slow bleed on aniemic volume that will find support at the 50-DMA. WE will soon have an update from the company that will change the trading conditions that we have right now.

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.