RAYS Chart Commentary: I have no clue......obviously.......lol......my guess is if there's a pr RAYS will run faster w/ the shorts covering.......I posted the data to show that our suspicions have been confirmed & the huge Basher Crew on the RAYS board are actually short RAYS........they lie......but heck, that's business as usual for them.........
If you look at the charts the last two spikes have come @ the beginning of the month......both June & July had big pops.......will there be another big pop in Aug.?.......that's what we are looking for.......0.001 support is crucial.......
Today a Doji is forming after less than 10% short reported on the EOD data.......the past trend has been to either bounce or form a Bullish reversal pattern the day after a less than 10% day........if the Doji holds or a White candle forms the theory will once again be proven correct.......the interesting thing is the Vol. is very low & seems not many sellers down here.........much of the. Pullback has been Bid whacking........big BID orders have been filled........looks to me like people are positioning for the next run........the Co. has stated that more info. is coming..........we'll see......
Like everything in penny land.....it's a gamble......if you look @ end of May or beginning of July you'll see Doji's preceded the breakout........Doji's formed @ bottoms are Bullish reversal candles/patterns........Doji's formed @ tops are bearish reversal patterns........MACD Histogram has peaked to the downside & the indicators are showing juice to run.....@ this level IMO RAYS has more upside potential than downside risk.......IMO RAYS is undervalued @ this level......also, look @ the Vol. Bars.........they have been declining since July 9th & 11th......this shows the selling pressure has eased.........a similar pattern happened after the June pullback.........$$$
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