GREY:STPJF - Post by User
Comment by
deductionon Jun 05, 2013 11:06am
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Post# 21486946
RE: RE: RE: No Trade so far!
RE: RE: RE: No Trade so far! On a daily basis I see support/resistance levels at $0.60, $0.80 and $1.20. Some indicators such as KST are showing a big upward swing which would support your theory that the next move (if up) will be a big one. Stochastics also are indicating the next move should be up and the ADX is showing that the downward momentum is loosing steam. On the flip side the weekly indicators have not turned up and still have a downward bias. Once the downward momentum is broken the weekly charts show we should retrace to the $1.20 range before the next consolidation period. We just need some moderately good news.....