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Replies to #1313 on Trade The Chart
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WHIPSPLASH

02/16/11 10:58 AM

#1314 RE: pennystockguru2011 #1313

Sorry for the late reply, I'm not here very often. :) It's been trading in a down channel since 1/4/10, it's in the middle of that channel now and falling. She had potential support at .008 from the dbl bottom in Oct. but obviously it didn't hold and may now be resistance. Not good. Trading under all its moving averages, not good. Stochastics topped with the pop to .009 and are heading south, not good. OBV (on balance volume) is in the dirt big time. Not good. In my opinion if you don't own it don't buy it. Good luck. Whip