Thursday, January 02, 2014 11:48:56 AM
If we could close above the 100MA and accumulate for a few days between .006 and .007 that would seem to strengthen a move past the next resistance. The upper Bollinger Band and buying resistance from the late-September’s rally and the P&D day are at .007… and also the established trend line for closing prices on October 1 and December 17.
A nice stairstep pattern of graduated accumulation meeting resistance at .007 seemingly would indicate anticipated good news… and I’m talking ‘business development’ news. A prototype update in my opinion won’t get it but should sustain accumulation.
Oh, the Weekly chart shows higher closing lows since November 15 with one exception. Will tomorrow's be the second?
Boomer
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