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wallstreetboy89

05/28/15 11:36 AM

#26429 RE: Xmandingo #26427

Uglier than this??

SynthTrader

05/28/15 11:39 AM

#26435 RE: Xmandingo #26427

It is a natural chart resistance at .0032 with the 20-MA on the 60-minute chart there. So, we get a drop back down to the .0028 area until it can muster enough strength to break above the 20-MA.

If it can break through that barrier, then expect a quick move to the .0042 resistance area.

Of course, that is barring the appearance of VNDM who would most likely stop any momentum almost immediately.