Monday, February 25, 2013 4:39:54 PM
SLIO 1 Hr. Chart......MACD setting up for a Bullish Crossover tomorrow......
SLIO held 0.08 after the inverted hammer formed until right before the bell......the MM's quickly brought the price back up for a Green Close @ 0.082 and a bullish Reversal pattern formed.....
As you can see by the Vol. indicators, Accum/Dist, OBV, CMF, FORCE, & CCI that the selling is done.......
You can clearly see the huge gap that formed @ the open on the 21st between HOD on the 20th & LOD on the 21st.......this was the Classic Gap & Trap......
For just about the next 12 hours of trading the Market makers, short sellers, front loaders, profit takers & those taking a loss drove the price down......12 straight hours......there were only 4 times during those 12 hours that the price held or bounced slightly......
talk about pure market manipulation........it wasn't until the last hr. of trading on Fri. that the bleeding stopped and a bullish reversal pattern formed on the 60 min. chart.......
the 1st hr. of trading today formed a very bullish White Opening Marubozu......the buyers controlled the action from the opening bell & throughout most of the 1st hr. of trading......
the 1st hr. of trading SLIO broke MA(10) @ 0.082.....for the remainder of the day it struggled to trade above that level......
MA(10) is the crucial level for SLIO to close above......1st resistance past 0.082 is MA(20)/Middle Bollinger Band @ 0.099.....
this is the most important level for SLIO to close above......when SLIO broke Middle BB support it started a downtrend......in order to start a new uptrend SLIO must close above 0.099.......
Parabolic SAR is coming down fast.....it's @ 0.0109 now.......when SLIO's share price catches up to the SAR it will flip & trigger a buy signal......keep an EYE on it.......
the share price stabilized today & looks like 0.08 has become the new support level.......
take a look @ the last Hr. of trading's candle.......DRAGON FLY DOJI.....when formed @ a bottom this is a very strong Bullish reversal pattern......
combine this candle w/ the bullish reversal pattern formed on the daily & SLIO appears to be setting up for a nice bounce......
remember, there's only an estimated 88M shares in the Float.....only 288M OS.......this stock moves easily w/ very little momo........a short squeeze could see the share price fly right through a penny and straight to the 0.02 range...........
checkout UI above the chart.........@ the peak of the sell off it was @ 45......very high.....shows big risk (also, the contrarian see's the high level as a buy signal.....remember, buy when there's blood in the streets)....
the Ulcer Index is now @ 13.29.......today's closing level is actually lower than before the big breakout/breakdown fiasco.......in lay man's terms this indicator is saying SLIO is a safer buy right now than on the 20th........
very cool.......from a risk reward standpoint the current share price favors the Bulls considerably......I see a short squeeze coming......spread the word.......
SLIO on official Bullish Reversal confirmation/Bounce radar........$$$
SLIO held 0.08 after the inverted hammer formed until right before the bell......the MM's quickly brought the price back up for a Green Close @ 0.082 and a bullish Reversal pattern formed.....
As you can see by the Vol. indicators, Accum/Dist, OBV, CMF, FORCE, & CCI that the selling is done.......
You can clearly see the huge gap that formed @ the open on the 21st between HOD on the 20th & LOD on the 21st.......this was the Classic Gap & Trap......
For just about the next 12 hours of trading the Market makers, short sellers, front loaders, profit takers & those taking a loss drove the price down......12 straight hours......there were only 4 times during those 12 hours that the price held or bounced slightly......
talk about pure market manipulation........it wasn't until the last hr. of trading on Fri. that the bleeding stopped and a bullish reversal pattern formed on the 60 min. chart.......
the 1st hr. of trading today formed a very bullish White Opening Marubozu......the buyers controlled the action from the opening bell & throughout most of the 1st hr. of trading......
the 1st hr. of trading SLIO broke MA(10) @ 0.082.....for the remainder of the day it struggled to trade above that level......
MA(10) is the crucial level for SLIO to close above......1st resistance past 0.082 is MA(20)/Middle Bollinger Band @ 0.099.....
this is the most important level for SLIO to close above......when SLIO broke Middle BB support it started a downtrend......in order to start a new uptrend SLIO must close above 0.099.......
Parabolic SAR is coming down fast.....it's @ 0.0109 now.......when SLIO's share price catches up to the SAR it will flip & trigger a buy signal......keep an EYE on it.......
the share price stabilized today & looks like 0.08 has become the new support level.......
take a look @ the last Hr. of trading's candle.......DRAGON FLY DOJI.....when formed @ a bottom this is a very strong Bullish reversal pattern......
combine this candle w/ the bullish reversal pattern formed on the daily & SLIO appears to be setting up for a nice bounce......
remember, there's only an estimated 88M shares in the Float.....only 288M OS.......this stock moves easily w/ very little momo........a short squeeze could see the share price fly right through a penny and straight to the 0.02 range...........
checkout UI above the chart.........@ the peak of the sell off it was @ 45......very high.....shows big risk (also, the contrarian see's the high level as a buy signal.....remember, buy when there's blood in the streets)....
the Ulcer Index is now @ 13.29.......today's closing level is actually lower than before the big breakout/breakdown fiasco.......in lay man's terms this indicator is saying SLIO is a safer buy right now than on the 20th........
very cool.......from a risk reward standpoint the current share price favors the Bulls considerably......I see a short squeeze coming......spread the word.......
SLIO on official Bullish Reversal confirmation/Bounce radar........$$$
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