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Re: thizsukz post# 15109

Monday, 07/30/2012 1:39:20 PM

Monday, July 30, 2012 1:39:20 PM

Post# of 62039
If you go to stockcharts.com and look at the recent chart action (the long candles) you can see the lower trading range. Then look at a site or Lvl 2 where you get up/down volume and together that suggests a strong likelihood of .003 area for stock selling. If you put in the indicators at Stockcharts the patterns are obviously negative which further supports the potential .003 area. The fact that the stock has been trading below the the bb centerline and 50day for several days is another pointer toward that .003 area. For now, if you wanted to call the 200 day support that is acceptable .004. I chose the .003 because there have been trades as low as .0015 recently and I split the difference taking into account the very negative chart.

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