Replies to post #12907 on Southern ITS International Inc (SITS)

[ynotme]

That's all very interesting BUT - where do you see this closing on Monday, Wed, and Friday of the next 2 weeks. At least Clay gives us some guesses. Lots of traders look at the charts for shell, triple zero penny stocks with amusement and don't take them too seriously since ANYTHING can blow the it off course (NEWS, SEC investigation, Shakezzzzz-type p&d, etc.)

Clay tells us what the charts tell him (even if you think he is wrong) So - what do they tell you???

[surfkast]

Just curious why you decided to stop in today and give a charting lesson? Charts are good but not perfect, especially in penny land.
The RSI is at 69.97 and looks like it will break 70 on Monday, a real good sign.
The Accum/Dist and CMF turned down but are still extremely positive. I believe it is profit taking.

The candlestick charts could be intrepreted as bearish to some.
Indeed many chartists will state we have to close today's gap before we move up.

Just want to remind everyone that charts are good, but we are anticipating a HUGE P/R and a possible R/M which will trump any chart!
Thank you!
GLTA!

[TraderRick47]

I think Clay said it had to fall to 0026 for the cup and handle formation. the previous days analysis It would have had to fall to .0014, and of course maintain support at either level and consolidate for a few days.

I also think Clay does an excellent job. In fact, I think he should charge for his services.

[Longdriver98]

Excuse me sir, could you pass me the Grey Poupon??