Replies to post #732 on Shrink Nanotechnologies, Inc. (fka INKN)

[rich pearl]

can't tell you why this is moving, but i can give a chart read.

looks to me like someone is anticipating something. volume has been picking up, and the accumulation indicators -- a/d and chiosc -- are very positive. stochs and williams are showing overbought, and rsi's say its near overheated. but when a stock trades this thin, that sometimes means it might only need a small consolidation before it picks back up again. i looked at a 3 year weekly and the near term target here should be around .02. could be as soon as sometime this week, or more likely by no more than the end of next month.

i suspect we may see a small spike up, perhaps to the .014 on L2, and then a pullback inside the bollies with a technical test of the 5ma around .0055. .004 looks to be a bottom, but what goes up on air can drop precipitously.

of course, others may read the chart differently.

good luck to ALL

rich