Nope, it's not.
With a new day low of .0026, it broke the small support QBID had. I said it at .0032 and I'll say it again, once it breaks support, it goes down to find another support price.
They tested .0027 that day, and I told you, they saw more sells so basically thats why it sits at .0028 with a new day low of .0026.
If they saw more sells at .0026, it's possible they'll drop it. If they saw nothing, then they could make .0027-28 support.
it needs to pass .0031 to look at least "decent"
Look at my post from 5 days ago.
Posted by: BigTips
Date:2/28/2005 3:59:45 PM
Post #of 77673
My QBID anaylsis again - updated.
Didn't realize the close for today.
Because it closed at .0030, a move above .0031 will "establish" an uptrend, not confirm, BIG difference.
If it drops below .0028, look for a lower price. (.0023-.0026)
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Of course, I could be wrong.