GREY:ATIVF - Post by User
Post by
mikerosoft666on Apr 06, 2010 3:58pm
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Post# 16962216
Reading the CHARTS !!!
Reading the CHARTS !!!Not that I know how...
But nice spike and we busted through the upper limit of 20 day Price Channel (Strong Buy).
Not overbought according to RSI and way over bought according to StockRSI (make up your minds would you ?!?! )
AROON showing strong down-trend reversal but let's see if it holds.
CMF (Money Flow) shows we have been accumulating for past 5 weeks but not spiking up today so probably some holders glad to get out. Who knows - maybe some more .05¢ available. Again, chartology on a stock like this is sort of useless in a way because now we need action - probably take about 3 months to hear about letters of intent or MSHA stuff don't you think ?
Strong Fibonacci resistance at .05 & .06. If we hold .06 then could be clear sailing. If we close above .06 I will be very excited about the near term future. Next major resistance is .09¢ but not a strong resistance point.
Oh well