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rich pearl

08/07/17 11:28 PM

#103 RE: Todmohr #102

Ian. here's the 2 month daily chart for LWLG

what it shows is a stock in search of a bottom from which to base. despite the cmf still showing positive pressure at the ask, and the chiosc and accum/dist showing the signs of accumulation, theres been a strong downward undercurrent ever since the 20ma crossed below the 50ma. the trend lines-- aroon, adx -- and momentum indicators -- ppo, macd -- are all going south. not withstanding the buying, the fast sto, williams and rsi's are all heading to oversold.

i know you prolly know the pivot points as well as anyone in this stock, but this chart seems to be pointing to a possible test of the 200ma support line, and that below the bollies spike down of last week when it dropped to .0985 might have just been a sign of where this is heading. do you think this goes as low as the weekly 50ma, currently at .89? looks to me like it might.

rich