FLYHT Aerospace Solutions Ltd V.FLY

RE:Yesterday's Action

[Dojitrader15]

Was simply a knee jerk reaction. All the news was great picked up more at these levels as the stock is retesting its breakout point of 0.22.....should be back to 0.24 by the end of the day....quite handley

Today's action was a good sign that the above statement is in deed true. Although
the timing was a day off, as I am not a good predictor of time chart wise, the overall bullish indicators are all still intact. 
200 day moving average is acting as support...bullish
MACD cross over and up.....bullish
MACD histogram crossed above the zero line and is trending up....bullish
RSI found support on the 30 line and is trending up.....bullish
Slow Stochastics cross over and turned up....bullish
Retest of the 0.22 cent breakout point done and now testing the latest high of 0.24
....bullish
And of course today's positive candlestick as the bears tried to push it down but could not keep it there as the bulls took back control at the end of the day.

All things look to be bullish going forward....and why not with 4 consecutive postitive quarters.

Here's your daily chart...
FLY's Bullish Indicator Chart

Not to mention the weekly chart gave inverse hammer.....Very bullish as a reversal indicator....and with anything above today's close will indicate and confirm the bottom reversal pattern.
FLY Weekly Chart

Good thing I have Team double not on ignore. I know how he likes to bash the TA's .....yeah yeah....they don't work on penny stocks. Let's just sit back and see....OK!