Replies to post #20756 on Xcelerate Inc (XCRT)

[chemist72]

Agree. Today's action isn't a change in either sentiment or direction.

Yesterday XCRT garnered tremendous momentum. It closed yesterday above previous resistance of $.07 on above average (though not HUGE) volume. Volume yesterday was more than 300% above its previous 3-month daily average (556K vs 130K).

You can call the action today whatever you want, but I call it a "pause". The trend is still extremely positive (upward) as is the momentum. But what this pause accomplishes technically is to allow the slightly overbought condition (RSI ~77%) to cool down before the next upward leg begins.

I'm sure some traders may be disappointed at the mere 25% gain yesterday, but let's look at the overall gain the previous 6 sessions. On June 15, XCRT closed at $.039. Yesterday (June 26) XCRT closed at $.083 for an overall gain of 113%. Not too shabby in my book.

Looking forward to more strong up days in the near future. Don't forget about all the potential catalysts that "i_like_bb_stock" has shown in his stickied post.