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mdimport

03/23/17 7:46 PM

#13248 RE: ~ Blue ~ #13245

The increased number of investors is reflected in the chart. Many people on the sidelines watching, but they want to get in at slightly lower prices. That's why when there's a dip onto the 50DMA the price rebounds upward rapidly.

$0.51 at this point in the chart should be considered a bullish signal. It'll drive in new buyers and result in pushing the price upward over $0.59.

The alternative is to wait for the 50DMA to catch and overtake the share price which is generally considered a bearish signal.