Sunday, March 23, 2014 1:41:06 PM
ACGX - Bullish Uptrend w/Retracement right NOW
Another TEMN riding the 25MA. Caught this on it's retracement and now waiting for consolidation to kick in here and continue on with the trend. Actually hoping it dips to the 50MA to double my position simultaneously averaging down from .003.
You can see the ACCUM dip when it hit the .005 which was a 100% gain for people from the curve-up in accum at the end of february. Completely explains the drop in Accum and the bearish engulfing retracement.
Relatively small float which moves pretty good on over-average volume. Best part? 50MA JUST crossed the 200MA... Yep Golden Cross! .0024 50, .0023 200. You know what that means... Keeping on it's current path we should see a penny here very shortly. I don't think this will dip below .0024 as I think the lows over the past week ARE the lows from then on... But that's for you to decide as well :)
*Just to add... I don't know about it's long-term potential. They generate revenue and seem solid... but the volatility of the indicators worries me abit as I believe this might be the last leg if it isn't a drastic move... MFI going lower and RSI made a lower high. If anything it goes for one more run if not "the" run. Interesting.
Another TEMN riding the 25MA. Caught this on it's retracement and now waiting for consolidation to kick in here and continue on with the trend. Actually hoping it dips to the 50MA to double my position simultaneously averaging down from .003.
You can see the ACCUM dip when it hit the .005 which was a 100% gain for people from the curve-up in accum at the end of february. Completely explains the drop in Accum and the bearish engulfing retracement.
Relatively small float which moves pretty good on over-average volume. Best part? 50MA JUST crossed the 200MA... Yep Golden Cross! .0024 50, .0023 200. You know what that means... Keeping on it's current path we should see a penny here very shortly. I don't think this will dip below .0024 as I think the lows over the past week ARE the lows from then on... But that's for you to decide as well :)
*Just to add... I don't know about it's long-term potential. They generate revenue and seem solid... but the volatility of the indicators worries me abit as I believe this might be the last leg if it isn't a drastic move... MFI going lower and RSI made a lower high. If anything it goes for one more run if not "the" run. Interesting.
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