GREY:ATIVF - Post by User
Comment by
Lorelon Jan 08, 2010 8:16am
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Post# 16653773
RE: UPTREND
RE: UPTRENDChart shows stock had a solid support @ 10-12 cents area.
This support was broken. That's why SP fell to 4 cents.
Stock more or less has formed a base around 4.5-5 cents.
Now uptrend has started but not established yet.
Beauty is that SP should technically go to the previous support zone (10-12 cents) with some volume spike.
But that support zone now will act as a resistance.
Stock will need good catalyst or sector motivation or analyst recommendation to pass that resistance.
ACT is widely known by the investors.
So with some good news this is a no brainer for a multibagger here.
You will be sorry if you sell this stock.
JMO