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Re: Nadendla post# 13886

Wednesday, 07/24/2013 10:51:48 PM

Wednesday, July 24, 2013 10:51:48 PM

Post# of 91007
If you refer back to your chart; The death cross he was referring to was at .05 the 20 Day moving Average; notice that it penetrated down support area w/c I believe triggered a SELL SIGNAL on high volume meaning a lot of selling followed; The moment it breaches support area it is immediately followed by a strong selling pressure... Underlying Trend even on the 5 DMA is Down; In other words SVFC price is still trying to find a support area! Hopefully .03 Holds and if that doesn't hold it will create another Downward sell pressure and may retest .02 frown

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