AI
Monday, March 11, 2013 11:48:44 PM
SLIO chart. Formed a bullish engulfing pattern today. It's also a big white Marubozu (has no wicks or very small) - always a good sign!
I would say the most development with SLIO today was the fact it closed above MA10! It hadn't done that in the past month. The next target is middle BB at .009!
But I like to see more volume coming in SLIO! There are still some shorters hanging around in SLIO's board.. meaning they have shares to cover. So they will show some resistance here (probably by bid slapping - i.e selling small blocks of shares at the bid once in a while).. if we get some momentum here, they'll be forced to cover at higher prices and then boom. This could jump up to .015+ without any news.
I would say the most development with SLIO today was the fact it closed above MA10! It hadn't done that in the past month. The next target is middle BB at .009!
But I like to see more volume coming in SLIO! There are still some shorters hanging around in SLIO's board.. meaning they have shares to cover. So they will show some resistance here (probably by bid slapping - i.e selling small blocks of shares at the bid once in a while).. if we get some momentum here, they'll be forced to cover at higher prices and then boom. This could jump up to .015+ without any news.
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.
