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ospreyeye

05/18/13 2:13 PM

#15450 RE: Zooser #15449

GOFF Chart: Bullish Engulfing Reversal pattern formed on Thurs......Fri.'s candle was a small red spinning top.......not a large red candle, so the Buy Signal is still valid for Mon......a White candle and higher closing share price will confirm the Buy Signal......

On Thurs. GOFF broke MA(10) @ 0.027 resistance intraday, but closed below that level for the day.......on Fri. GOFF opened above MA(10), but was unable to hold that level into the close......

MA(10) is the KEY resistance level for GOFF to turn into support.......once MA(10) breaks w/ a close above it will = Major Showtime!......a close above MA(10) should lead to a run to MA(20)/Middle Bollinger Band @ 0.047.......

SAR @ 0.035(orange dots).....getting ready to flip below the share price & trigger a Buy Signal......major technical development once GOFF breaks 0.035......keep an EYE on that level!.......checkout how GOFF traded in March when the Orange Dots were below the share price.......yeahhh, very nice.......Love those SAR flips!......

(Trader Tip: want to stay one step ahead of the herd?.......monitor the Intrady day charts.....use 15, 30 & 60 min. Charts.......monitor SAR on the Intraday charts.......SAR will flip on the intraday charts ahead of the Daily chart flip.......this will give you the most accurate time to load before the explode higher.......you'll be amazed how accurate an Intraday SAR flip predicts future price movement......tips shorten the learning curve!...)

Fast Sto & RSI are coming off Oversold levels w/ a ton of juice to run......GOFF is setting up nicely......just need to turn MA(10) into support & a run to MA(20) should follow......

GOFF on close above MA(10) & run to the Middle BB Radar........$$$