Replies to post #74872 on Aquagold International Inc (AQUI)

[$PennyMover]

I agree, so lets see if that happens throughout the rest of the week

[grafix-max]

Thanks for the Doji lesson. Much appreciated. Now I just have to re-read it about 5 or 6 times and maybe I can start to understand it. LOL

Thanks
G-max

[mr_bitterness]

The problem with the significance of yesterday's Doji is that, while it does appear in a down trend, the chart is not oversold, the volume that day was very low, and there was not a big and fast downward force preceding it. There does also not appear to be significant historical support at .015

The .021 Doji from 6/10 was much more significant. Although the stock was not overbought at that time, there was a strong uptrend just prior, and good volume that day. That Doji has proven itself by dropping PPS down to the .011 low, over a 50% drop from the high on the Doji day.

Today needs to close at .0175 or better to create a Morning Star pattern. That seems somewhat unlikely based on trading today so far.

Not that I couldn't be wrong, but volume is low and bid is not moving up in support of buying at the ask so far. I would need a confirmation in the form of .018 today and upwards momo tomorrow breaking .02, which seems like it will be good resistance.