InvestorsHub Logo

locosurfer

01/18/13 8:40 PM

#3865 RE: wakeupdummy #3864

People have been hitting the ask for the last few weeks brother. Nothing wrong with the stock or news or price as we have made big waves since the trips. .0023 is resistance and .0018 is support. Some traders will trade between those areas and take advantage of those who let go of the stock because they do not see it busting thru resistance. They buy on the dip in that area and sell at the upper level of that area. As the shares get into tighter hands we start moving up thru the resistance .

Today we ended up getting rid of some of those loose hands and longs continued to accumulate the stock. It is natural for a stock to dip as it goes up and tries to break resistance.


loco