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Friday, January 17, 2014 7:32:28 PM
EWSI annotated weekly chart including supports and resistances.
Analysis: This chart is wonderful, it is improving every week, has closed the week with a gain of 18.5%, has made a higher low and a higher high, has closed near the HOW(High Of the Week), it means strength, and, the volume increased.
The RSI has crossed up the 50 line, this is the MOMO zone, it is where the stock gain momentum and run faster, and, this is considered a buy signal.
It is now supporting much above the MA50, another signal of strength.
The volume is increasing, and, if it is making higher highs, this means the buy pressure is also increasing.
The +DI has finally bounced with violence from the -DI, it is touching the ADX line, a small move up, and, another buy signal will be generated. The +DI has lots of room to run, enough for a run to .20 - .30.
Another three(3) buy signals happened this week on the daily chart, the stock has closed above the MA50, the RSI also crossed up the 50 line, and, finally the +DI crossed up the ADX line, as you can see on this link: http://stockcharts.com/h-sc/ui?s=EWSI&p=D&b=5&g=0&id=p30685652732
I reiterate that this stock will run to .0076 - .10 at any moment, and from there to .20 - .30, I am 100% sure.
Weekly chart
Link to my chart of 01-11-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95825923
Link to my chart of 12-31-2013 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95481740
Analysis: This chart is wonderful, it is improving every week, has closed the week with a gain of 18.5%, has made a higher low and a higher high, has closed near the HOW(High Of the Week), it means strength, and, the volume increased.
The RSI has crossed up the 50 line, this is the MOMO zone, it is where the stock gain momentum and run faster, and, this is considered a buy signal.
It is now supporting much above the MA50, another signal of strength.
The volume is increasing, and, if it is making higher highs, this means the buy pressure is also increasing.
The +DI has finally bounced with violence from the -DI, it is touching the ADX line, a small move up, and, another buy signal will be generated. The +DI has lots of room to run, enough for a run to .20 - .30.
Another three(3) buy signals happened this week on the daily chart, the stock has closed above the MA50, the RSI also crossed up the 50 line, and, finally the +DI crossed up the ADX line, as you can see on this link: http://stockcharts.com/h-sc/ui?s=EWSI&p=D&b=5&g=0&id=p30685652732
I reiterate that this stock will run to .0076 - .10 at any moment, and from there to .20 - .30, I am 100% sure.
Weekly chart
Link to my chart of 01-11-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95825923
Link to my chart of 12-31-2013 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95481740
Cheers
Dr Pennystock
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