GREY:LEDIF - Post by User
Comment by
ledrogon Sep 29, 2015 11:56pm
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Post# 24147932
RE:RE:Back above the 200 dma.....barely
RE:RE:Back above the 200 dma.....barelyLook at the 1 month chart....its far too short a time frame to be highly reliable, but at the same time I don't think it should be completely dismissed either....
Around Aug 24-26 the PPS bottomed down at 20 cents, then moved higher...going up around 25 cents. Then it pulled back, but instead of retesting that 20 cent level, it bounced off of 21 cents. On the next pull back it bounced off of 22 cents, and then on the next pull back the bounce point was 22.5 cents. Each time a higher low.....and the most recent spike was higher too, going to 27 cents.
As I say though.....too short a time frame to confirm a trend, but if we do bounce tomorrow I will say its looking good.