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Go_Stocks

03/21/06 11:03 PM

#3666 RE: Pay_tience #3656

PP, you're right, PTSC is at a very pivotal point right now!

I have two indicators in the price chart, one is 6 period MA (thin line), another one is a 12 period MA (thick one), these two MAs are not SMA or EMA, they're Hull MA, in layman's term, they're much more responsive than SMA or EMA. The 6 period MA is up and about to cross 12 period MA, but has not crossed yet, so this 12 MA is the resistence, it needs to go blue.

How powerful is this 6 MA and 12 MA? Look at the chart, you can hold your position as long as both lines are in blue color. You would hold PTSC from pennies to $1.90. It changed color since 1.90, the 12 period has never changed to blue, but 6 period has changed to blue, if 6 period crosses 12 period and both are in blue, my system will generate a BUY signal.

However, if it doesn't want to go up, I see currently 1.25 is the support, it is also the 34 EMA (top of the green T), 1.75 is the resistence. These two price are swing low and high generated from fib retracement.

However, I need to look at the market profile to look at the real support/resistence.