AI
Friday, March 14, 2014 2:02:07 PM
Consolidation....
It appears that the stock is consolidating, between .01 and .008,after the last run-up.
Unless one is day-trading, it can a disadvantage in using the 60 min. chart for longer term investing; the daily and weekly charts are best for that.
I have a concern on the 60 min., that it has formed a Head and Shoulders pattern, which is not the case on the daily chart.
On the other hand, for investors, consolidations can be a positive thing.
It appears that the stock is consolidating, between .01 and .008,after the last run-up.
Unless one is day-trading, it can a disadvantage in using the 60 min. chart for longer term investing; the daily and weekly charts are best for that.
I have a concern on the 60 min., that it has formed a Head and Shoulders pattern, which is not the case on the daily chart.
On the other hand, for investors, consolidations can be a positive thing.
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