here goes my interpretation of the charts. Main trend line support is between 32 and 33. 20 day SMA is at .0033. Daily RSI is at 58.52. First major resistance is at .005. I expect more accumulation/rotation for the rest of the week unless some substantial news breaks out. Chart is still bullish in my opinion. Dips between .0035 and .0032 should be (and will be by me if im available to trade) bought.
If you are flipping, any look above and fail over the .005 level would be your key to sell and hope for a reentry on a pull back to the .0039 level. If it breaks .005 and holds then the previous high of .0056 would be your target. Should it break and hold .0056, i see .0065 as the next psychological barrier. Past that, i don't think the charts do much good as the previous moves look to be based solely on emotional discharges. As i see this particular play is more event driven than technically driven, i would be reluctant to trade strictly by the charts. This is only my opinion. i'm slow. seldom long often wrong. as a chartist I suck. one look at my account and you would know. but i'm trying to get better. anyone who is good at charting please give me your input. all responses welcome that do not include the words, scam, conman, or personal attacks on either myself, the company or the companies officers. Thank you in advance.
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