Replies to post #19755 on $$$Ospreyeye: Charts, Technical Analysis & Japanes

[ddm1082]

FLPC I think the next bull move will be signaled by 2 consecutive closes over the MA(50) on the daily chart... has not happened in many months.

As for the weekly, the pps is getting pinched between MA(50) support and MA(10) resistance. Lower volume on a down week is a good sign.
MACD could start moving towards a bullish cross. A MACD bullish cross on the weekly will also signal showtime IMO.

http://stockcharts.com/h-sc/ui?s=FLPC&p=W&yr=0&mn=6&dy=0&id=p60280764737

Basically it is apparent the company is very "in charge" of their pps. It has been kept down with slow and steady dilution but kept above some major supports. I have watched level 2 pretty closely and bid whacking always tends to cease when major supports are hit.

I expect the company to back off dilution and start a consistent news stream sometime in the next month.

Still BULLISH on FLPC long term.