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Friday, September 06, 2013 4:37:59 PM
We have an "inside day" pattern going on the daily chart AND "inside day (week)" on the weekly chart. The definition says:
Definition of 'Inside Day'
A candlestick formation that occurs when the entire daily price range for a given security falls within the price range of the previous day. Inside day often refers to all versions of the harami pattern and can be very useful for spotting changes in the direction of a trend.
Inside Day
We have a holding pattern due to progress shareholders and new buyers are waiting for w/ the Nuvola and other things from the company. Based on "whats expected", it's a perfect pattern, on both charts, for a change in activity towards the positive. We could have another "inside day, or week" next week, and that would just make it even stronger for the following.
Also, very key, we are holding above the 10 week MA W/ 8 out of the last 9 weeks closing above it. Monthly chart looking great too. I talked about it's pattern at the end of July. When Sept. closes green, that will confirm the pattern and we'll see another HUGE month or 3 as investors are expecting the Nuvola and big time revenues.
We should be over .25 by Mid Oct. And that's a flat out guess as we could be even higher. Again and again, we'll see.
Probability..........look it up. That's all charting is. And it's working so far.
GL
Erik
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