Replies to post #705 on True Product ID Inc.(fka TPID)

[helihead]

so far today the low/high is .125/.137
and you said resistance levels are.


Resist Level 3 - 0.1320
Resist Level 2 - 0.1210
Resist Level 1 - 0.1120

so you must be saying we have passed some sort of upper bar
and what is the next level?

[rrm_bcnu]

TPDI Support/Resistance Numbers 26 NOV 2007

Resist Level 3 - 0.1510
Resist Level 2 - 0.1440
Resist Level 1 - 0.1390

Pivot Point - 0.1320

Support Level 1 - 0.1270
Support Level 2 - 0.1200
Support Level 3 - 0.1150

Buy Threshold - 0.1280

Exp Moving Averages
020 DEMA - 0.0830
050 DEMA - 0.0630
100 DEMA - 0.0640
200 DEMA - 0.0810

23-Nov-07
O - 0.1300
H - 0.1370
L - 0.1250
C - 0.1360

Fibonacci Extension Targets
MSL1 - 0.0220
MSH2 - 0.1800
MSL3 - 0.0750

1.382 Extended - 0.2404
1.500 Extended - 0.2590
1.618 Extended - 0.2776

2.000 Extended - 0.3380
2.236 Extended - 0.3753

2.618 Extended - 0.4356

3.236 Extended - 0.5333
4.236 Extended - 0.6913

4.618 Extended - 0.7516

Comment: Friday's close above Monday's Pivot Point of .1320 indicates positive bias, and continues to indicate a normal retracement. Friday's Breakaway Gap Open, and close above R3 at volume clearly indicating further upside momentum.

The move should proceed to test the MSH2 price of .1800 to confirm continued movement to the primary extension target. A potential exists for a Gap Fill attempt as traders attempt to short the gap at .11 and reload intraday. Momentum remains consistent and, given Friday's shortened session, the 1.14MM share volume suggests momentum is actually increasing. The 1.382-1.618 Fibonacci extension target is in the .240-.278 region, which equates to the 01/05/07 and 03/08/07 prior highs near .25 per share. The price amount of this impulse leg should approximate or exceeed the initial impulse "wave one" price amount of approximately .16 cents.

Disclosure: Any chart technical analysis provided is my personal technical assessment of the indicated stock and should not form the sole basis of any buy or sell decision making by any reader. Any decision to buy or sell any stock should be made only after careful due diligence on the part of the investor, and not be based upon any third party information or investigative data.