Post by
LexMark747 on Aug 08, 2014 5:14pm
A Pull Back Is Now Iminent
For what its worth here is my 2 cents. The MACD and also the RSI are both showing a negative divergence. The candle stick for today ended up as a ( Falling Star ) The falling star suggests a change in direction ..... I'm expecting a pull back to at least the 50 DMA which sits at $1.05 today. each day it will climb. So no one get excited here as this correction is very normal. We have had a good run....it's time for a healthy correction.......so as I have said before just lean back and rest your head on a cloud.....don't panic and sell.
Comment by
sens93 on Aug 08, 2014 5:18pm
I agree with your analysis, especially the falling RSI and the shooting star. However, I personally will wait to see if 1.28 holds, former resistance should act as ST support.
Comment by
goldclrglasses on Aug 08, 2014 5:28pm
HUH? You expect a pull back of AT LEAST 20% but don't plan on selling? Weird. What's the point of studying technicals if you're not going to use the so-called info you get to save yourself so much money? Just curious, I think technicals are nonsense. I've seen so many people on here speaking of golden crosses and other such technical jargon that were not even close in the end. JMO.
Comment by
sens93 on Aug 08, 2014 8:14pm
Funny, this stock has been totally predictable in the last 3 months based on TA. Its been bang on with the bypassing resistance at 1.00, the quick run to $1.28, the drop back and test towards $1.00. And again the testing of $1.28 and when bypassed the quick run to 1.40 is all TA.