OTCPK:EUCTF - Post by User
Comment by
shawshankon Jul 23, 2015 1:32pm
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Post# 23953315
RE:Technically great indications of a strong reversal NOW!
RE:Technically great indications of a strong reversal NOW! Bottom line is there is a massive block of shares on the bid- backstopping a floor of .115 per share. SS Chrisgblr wrote: I know most people don't believe in TA on penny stocks, but I think EUO has been traded differently lately and I looked over some TA strategies. It seems like a strong reversal is imminent right now.
- SP has been holding on just over the 50% Fibonacci mark since the beginning of the month;
- MACD pretty close to crossing over EMA 9 right now;
- Volume is higher today on decent gains;
- A strong divergence is happening between the recent stock price and MACD histogram.
I am still looking at other signals, but so far it looks great!