Pivot Points are used in commodity trading but I'm watching to see if they apply to how the MMs are managing this stock while we're in this low volume environment with no news.
I hope we get news next week and break out over 90 cents !!!
I think I called that one pretty close. I was guessing however on the .75 range which would have been a sweet close before the weekend. None the less we had a decent close today and hopefully that .65 for the low was our small double bottom although the smaller the time frame we have on a double bottom the less reliable it is. We are at complete oversold level on the stochastic and we did get a hammer candlestick with a small shadow but could prove to be helpful.
Monday is the start of a new week and anything could happen. Hopefully some financial news such as the Arnold the Governator of California will be allocating some of their own state funds to ACTC!! that would ring a few traders bells and have them jumping on board.
I personally think they will see money coming from the state of CA and private funding before we see any from the Fed Gov.
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