Friday, November 08, 2013 12:56:23 AM
Tomorrow I will be really surprised if she doesn't bounce back green after this perfectly normal consolidation that you want to see on a healthy chart, nothing moves in straight line. The cyclical nature of the trading on this stock is so apparent you can ring a bell by it. Still extremely strong and setting itself up for a power hit at breaking through .08 and instead of it being a resistance level, it will turn into a support level maneuvering toward the silver dime .10
A/D Accumulation / Distribution is firmly ensconced into an upgrade. Any shares changing hands are being scooped up during the day before they can even register a dip in the A / D line.
If you know the direction the stock is taking and you're not interested in day trading it, then just pick up some shares and hold them for the long term.
The stock is trading like a serious contender at a prize fight and it's winning the battle, and it's only the opening salvo of round 1.
Not even breathing hard.
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