Replies to post #38 on AmeriResource Technologies Inc. (fka ARIOQ)

[The_Free_Nebula]

interesting....

[dragon52]

Trops - Today's closing may have been based on the two subs and their prices. But there are other factors to consider.

Today AMRE broke over and held the confirmation of crossing the 200MA.

http://stockcharts.com/def/servlet/SC.web?c=amre,uu[g,a]dicayyay[de][pb50!b200!b25!b13!b5][vc60][iut....

The other smaller MA's will crossing over forming a golden cross... very bullish.

http://stockcharts.com/def/servlet/SC.web?c=amre,uu[g,a]dicayyay[db][pb50!b200!b25!b13!b5][vc60][iut....

Who knows where this will go after tomorrow... but it will pullback within a day or so. It has to let the MA's catch up and retracement will occur. But also accumulation and consolidation will come into play... once it hits a medium... then it will move up again once the consolidation neutralizes the volitile technicals.

This is way underpriced but that is not what is driving this right now. imo... but let's hope so. Then it might defy technicals which is very rare.