posted
Hi everyone. I haven't played pennies in atleast a year, so I'm rusty. Any opinions on RGNO? Oil has had a pullback since the beginning of January, and I think it will go back up shortly. After all, these gas prices aren't going to stay the same forever! I will research this more tonight, but wanted to get other people's input as well. Thanks.
BooDog
posted
A lot of the indicators are still going south, nice little recoil from .002. Maybe it could do it again with a hit on the lower BB at .0022 with an exit of .0045 - pretty low volume at the moment which is a good thing imo. Just a wag, but for a real position I would wait until there is more indication of bottom support building. Some accumulation going on and the stochs seem to be hangin in there - fast stoch just dipped below the 50 and may drag the others with it. Resistance lines don't look to be very thick until you get back around .0065.
All my opinion and just from what I see with the chart - nothing else. I'll add it to my radar
posted ![[BadOne]](graemlins/headbash.gif)