Forget about pivot points and concentrate on......It is Friday and a week has passed since my last post on price action. A lot has happened and so is the price trend. I mentioned that if $3.51 holds thus week momentum can carry sp further up. Yes, not only $3.51 holds but thrust through decidedly above the 200 ma at around $3.80. The huge resistance actually is between $4.25 and $4.50. It could still take a bit more time for the 50 ma to go back up crossing the 200ma. When it finally happens the long anticipated Multiple Expansion then begins. For now as it sits the 50 ma is still well below the 200 ma, meaning there is more work to do to make it happens.
We should watch very closely the first few days of next week if the momentum can bring us to within that range, test it and stay close for the rest of the week, or instead a minor profit taking will dampen the momentum temporarily. I said I will add more when $3.51 holds up and I bought more this week.
Good luck to all longs.