Are there any catalysts in the near future that will elevate the entire solar sector? I think it difficult for SIRC to do much with the sector stuck in the mud. I am guessing the sector is still viewed as over valued?
Hi Charly81...I rarely will just look at a moving average to tell me if the trend is up or down (with a few loose exceptions depending on the time frame like the 5 min 250 EMA). I generally want to look at higher lows and higher highs for uptrends and vise versa for down trends....lower highs and lower lows.
For example after our big move up at the beginning of February...we had our first lower high on Feb 11th...confirmed when we went down on Feb 16th and broke below the low of Feb 10th. Make sense?
Interesting how we are continuing to stay above the March 5th and March 25th lows...higher lows...but so far not higher highs.
There is a lot going on here with naked short selling corruption and the popularity of our little company. We retail traders don't want to sell our shares because we can see where SIRC is headed thanks to the excellent communication of the company. This is a problem for the MMs.
Yes we have closed for 3 days in a row below the 100 EMA. Notice however the high of each day is either above the line or even with it. Price has not cleared down below it. The .75 area is proving to be quite a battle ground of support and resistance.
This was an encouraging day as we did break up above the high of Thursday and we closed on a nice intra-day rally closing above the 5 min 250 EMA for the first time since the beginning of Monday...
Like everyone here will just wait to see what Monday brings. Would be an ideal time for some great news!
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