PMED - I still like the chart. I would have stayed in the game if stocksters didn't jump into this stock and mess with it today.
Unlike other traders, I don't use SMA, I use EMA to analyze the moving averages. EMA is more accurate in reading the recent price movements than SMA. The 200 EMA is at 0.0267, the recent high is at 0.032, so I see the resistence is at 0.027-0.032 range.
It is forming a nice symmetrical triangle on uptrend, if breaks 0.0225-0.024 again tomorrow, it'll break that triangle and head to the resistence area quickly.
TA indicators:
CCI (14) is up to the upside at 24, CCI(50) is up to 94, if CCI (50) crosses 100, watch for a nice breakout.
On stochastic, the fast line is just turning up and has not crossed the slow line yet. When it crosses, a big jump in the price.
Check the TA similarities of today with the past cases, look at these blue arrows and the pruple circles. The only difference is, the stock price is now trading above 20 EMA and above 50 EMA, has one less resistence to get over, one more support or more bullish.
Look at support/resistence on PMED through the market profile.
It is very congested around 0.02 on PMED. Stocksters sucked too many into PMED at this area. Without news and mega volume, it'll take a while to pass 0.021:
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