GREY:ARWJF - Post by User
Comment by
Techsavyon Jan 30, 2014 7:40pm
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Post# 22155923
RE:RE:RE:RE:Charts confirmation
RE:RE:RE:RE:Charts confirmationlouel, well said.
When in doubt, there's nothing more powerful than a weekly chart to make things perfectly clear (and a good trading/charting platform, and no, I'm not talking about stockcharts.com) Does not matter whether it is penny stock or the Q's. Big volume or a few hundred shares. The weekly, at certain intervals is the not so secret weapon that pros use.
Just to re-iterate, ARW is now back at the precipice where it once sat only weeks ago, preparing for new lows. If it can find it's way to the 40's by Monday/Tuesday of next week, I would say that it has made some constructive progress in getting through huge resistance. If it flounders for more than a week without, what will have to be stellar news. The market cap will drop off a cliff along with the share price.
Do pay attention to dave-2-pennies. He plays the crowd like a fiddle but he's in and out of trades faster than you can say tuppence.