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cazual

07/24/13 10:18 PM

#13891 RE: Nadendla #13886

I agree Nadendla, no death cross! SVFC has strong support at .03-nice double bottom. The moving averages are converging, and the accumulation and oscillators are increasing while the pps has been decreasing-so possible positive divergence. GO SVFC!!!!!!!!!!!!
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ALL-IN888

07/24/13 10:51 PM

#13898 RE: Nadendla #13886

If you refer back to your chart; The death cross he was referring to was at .05 the 20 Day moving Average; notice that it penetrated down support area w/c I believe triggered a SELL SIGNAL on high volume meaning a lot of selling followed; The moment it breaches support area it is immediately followed by a strong selling pressure... Underlying Trend even on the 5 DMA is Down; In other words SVFC price is still trying to find a support area! Hopefully .03 Holds and if that doesn't hold it will create another Downward sell pressure and may retest .02 :-(
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Lawrence 147

07/24/13 10:55 PM

#13899 RE: Nadendla #13886

Not in your chart but in this one it is fast approaching.