EZMONEY ED AND FRIENDS PICKS

[dmlabuda]

There is not much on the charts. We had a Bearish Divergence between the price and RSI on the 11th of June. Following that the price fell to $0.03 and found support at the 50 and 84 day MAs just above the 200 day MA. That sounds good. The current rally seems to be having trouble getting aback to $0.19 (approximate previous high) so, we could see a retest of the 50 and 84 day averages. But, right now the market is neutral so the price should continue to follow the major trend which is up. Watch it everyday for clues. If it looks weak, remember that you can't go wrong taking a profit and you can always get back in. I'd like to see a new high above $0.16 as evidence that the trend is going to continue up.