Replies to post #5195 on lowtrade

[lowtrade]

'x10u8n'
PLLL

http://stockcharts.com/h-sc/ui?s=PIII&p=D&yr=0&mn=3&dy=0&id=p90633317065

You have all the pieces & the correct expectations. Because of my experience I'll add this. Not quite what we're seeing here. So stall is correct, but, I always have a but! LOL

In a quick swing trade 2 weeks or less, you normally see the early up entry signal of DMI+ cross of the DMI- after the 5,10,20,MA lines up. And the DMI+ cross of the ADX as confirmed entry signal, if both DMI+ & ADX are headed up together.

Here's the artist in the charting thing. ADX is retail interest, which is lowering. Yet the DMI+/ADX confirmation cross has occured. With out the retail interest increasing yet. It's my take that the 5,10,20 MA didn't line up just before the DMI+/ADX cross, as usual, because the volume is so low, as you point out.

Retail is not following the stock, so these two complementary indicators have switch roles until retail catches up.

Leading ahead some & experience says, the next trading day will settle all this up. 10 day will cross 20 & ADX increase will be seen giving you the DMI+ & ADX heading up together.

Supported by all other indicators are positive including the short look aroon & decreasing CMF sell pressure, in a bottom bounce move.
And the bottom turn will succeed Monday, or Tuesday at the latest, the just over 90. If it doesn't "Never mind!" about the rest of this post. LOL It's a stall & will probably retrace to old lows.

The chart says exactly what you say. Real good work, but I'm adding a guess to make the stall seen more positive then it looks. Bad chartist stand, chart pattern projections don't back me up, but indicators do. Shouldn't put my beliefs in a chart eval. Just a experienced guess, you'll get your bottom turn sooner then later. How long it lasts or strong it moves depends on future resistance level being taken out. IMO

Also should mention single bottom turns tend to eventually fail, more then double bottom turn. Don't get to excited until a major resistance is broken. 95 looking much better and 1.05 reststance broken and you in the clear!

This comment is once again from a low risk trader mind. I might add some at 95, but wouldn't complete my longer lump position until $1.05. Else I'd hold with my first bottom turn amount, only hoping it doesn't go for a double bottom because retail volume, interest, & support is taking too long to come. If that makes any sense.

All & all you got it! TA & charts say stall! I say not for long, but watch out for possible double bottom before complete bottom turn, at Major resistance at $1.05.

My call not charts, 91 soon, 95 add on, $1.05 the concerns are gone.