Replies to post #39558 on IJJ Corp (IJJP)

[balamidas]

good Question :) answer is simple : if you take a look at IJJP chart

you will see that the MACD is about to cross the red line and your RSI is resetting and that will happen around those 50 range

http://stockcharts.com/h-sc/ui?s=ijjp


and when this happen the usual selling happen and it will correct between the 50 ma valued now at 0.0023 and the 20 ma valued at 0.0036 now

the best if all this will happen at 0.003 support levels but if not the range i mentioned will be touched


it is a classical pattern on every runner i took

and trust me i have a good CV with runners

unless some major buying pressure and event that could counter that

[OCMillionaire]

lol I think we go towards .01 next weeeeek :) IJJP