posted
PRG-Schultz, an audit recovery firm. Based in Atlanta.
I've been holding this in 2 cheap positions and am making money regardless of the recent .40 fall over the last several weeks. I think this is set to bounce back soon, but the 50ma, 100ma and 200ma are declining parallel to one another right now on the 1-week chart, so I'm waiting for the 50ma to level out when the price of the stock is below it. That's when I'll know this will be heading back up.
The good thing is that the lines are parallel, which indicates that the price won't go down very much. Friday, I think the 50 will cross the 100, and that will likely cause a quick spike of .03 or .04 imo. Feel free to share your opinion.
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posted
I was so right! Only difference is that it happened in the middle of the session, where it jumped .03, from .61 to .64
View the chart above to see an important concept of short-term movement. As the MAs spread apart from one another on the up side, the price rises sharply. (You can see that under Wednesday and Friday.)
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