posted
This one looks hot. Volume is decent at 170,000 average. Pretty low O/S As of November 14, 2006, the number of outstanding shares of the issuer's common stock was 106,454,220.
The chart looks great... CMF is increasing more and more each day, MACD crossed, accumulation is huge, only thing that bothers me is the OBV, but may not be a big deal.
BUT THE 50 AND 200 MA IS .06 AND THIS IS CURRENTLY TRADING AT .05. If it can get to .06 and break its moving average watch out! Keep an eye on it!
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Accumulated heavy and Money flow is good, even the selloff didn't knock the Accumulation much, and with the current bend up in the indicators, It may not drop from here, we are pretty darn close to to the all important Centerline...
Close to centerline + Accumulating heavy + Rising Money Flow MUST = $$$
posted
Not only is that all amazing, but you know what happens when 50MA is about to cross 200MA...and all we need is this to pop past .06 for that to start
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quote:Originally posted by Chart walker: I may have to raise my BID past .05
Accumulated heavy and Money flow is good, even the selloff didn't knock the Accumulation much, and with the current bend up in the indicators, It may not drop from here, we are pretty darn close to to the all important Centerline...
Close to centerline + Accumulating heavy + Rising Money Flow MUST = $$$
Let's see if we're right!
I don't think you will get filled at .05 MM's ready to take this up IMO, and the chart is a beauty.
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posted
Yup...this moves on very little volume, any buying pressure and its off. If it breaks .07 you will see .10 quickly! Chart looks great, very happy where its at right now.
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posted
Well looks like someone late day brought their bid down. No problem, who would be selling now with this type of chart. Not only are you getting an increasing accumulation line, with an increasing CMF, and increasing OBV, and positive MACD divergence with soon to be a centerline cross, the stock is about to break its moving average for 50 and 200 days at .06...that alone is a huge bullish indicator.
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posted
Repeat of October 2006 where it went from about .04 to .14 in a short period?
Closed with a long white candle again today!
"Long white candlesticks show strong buying pressure. The longer the white candlestick is, the further the close is above the open. This indicates that prices advanced significantly from open to close and buyers were aggressive. While long white candlesticks are generally bullish, much depends on their position within the broader technical picture. After extended declines, long white candlesticks can mark a potential turning point or support level."
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