NYSEAM:SVLC - Post by User
Comment by
briton Aug 05, 2012 4:51pm
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Post# 20186457
RE: RE: Here's The Latest Snapshot
RE: RE: Here's The Latest Snapshot Hey Kevin,
Actually in technical terms a .70 would reflect a cautionary overbought level for MACD. We're just at .05. Also the RSI is neutral, reflecting no concern.
We need to move north of and close above the $2.02 - 2.05 resistance range on volume. Consolidating at current levels would only increase the resistance confluence.
In fairness though, one of us will be proven right. The next 4-6 weeks will tell the tale. At least we're both on the same team.
Cheers,
Brit