Well, in spite of the way that the daily trading & buying volume has been going for the last couple of 3 weeks, never the less, there are some positive things to otherwise take into consideration. For example, the daily volume is still doing okay, generally being over a million shares a day, and often touching on 2 million shares, and sometimes even nipping at 3 million shares having been traded! And the most of those probably being the flippers & short-termers who just don't have the necessary kind of patience for a longer wait here in RENU-land.
Another good thing is that the board hasn't (as yet, anyways!) been over taken by the naysayers & bashers, doomsters & gloomers, etc. Thank God, for all of that kind of talk is so depressing & discouraging.
When one first glances at the chart you provided, StockDog, it might at first not seem all that positive. But if you more closely notice a couple of things, you'll see that the trend line of the candles, even though some what sloping down ward since our last mountain high peak, that it has NOT as yet broken through beneath the 50 MA, with the single exception of today's lower wick on today's candle's body, the which fact is NOT so significant as if the body of the candle had actually sunk below the 50. That is a VERY SIGNIFICANT & POSITIVE technical event. Let us all hope that the trend line of the daily trading candles will not dip below the 50 MDA, for if it should, that would most definitely not be a good sign, especially if that TE was coupled with a sinking or sagging 50 MDA.
You'll also notice that the 50 MA & 200 day MA are still heading toward a convergence, as I mentioned in a recent past post to AP, with the 50 sloping northward & the 200 day GENTLY sloping down ward. If, and this is a big if, when they actually cross over each other, and IF the 50 day continues in its northerly ascent, and IF the 200 day then REVERSES its southerly descent and begins to curl up in a northerly ASCENT right after the cross over of those two; well, brothers & sisters (in our faith about this company & its stock), things might just start getting REALLY HOT HERE IN RENU-LAND IN A NORTHERLY FASHION!
So, for all of you who are still more long & strong than ''shorty & farty'', please stay calm and just give Mr. J. Scott time to get this thing rollin' along! I hope that this post helps some.....GLTA & GO RENU! Jaime
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