Reading ChartsNo jingle for us - correcting by the time and by the price.
Not much to talk
Daily Chart The Good: Not much. We broke six month old Uptrending Channel and we did it in the “wrong” direction. The good thing was we broke bellow on very insignificant volume. RSI/CCI’TSI(shorter) and STOs are curling UP. We already filled up one of the gaps - insignificant 1 cent gap. We need to go above 0.53 to move above trending line but really need prices to move above 0.60 to create Higher High
The Bad: Well, we broke six month old Uptrending Channel. We are below Kama. For purist there is still another gap at 0.36. Real Resistance around 0.31-0.33
And the Weekly Chart The Good: Same as Daily. Not much at all
The Bad: We broke six month old Uptrending Channel . RSI/CCI Stos/TSI are All negative without any signs of curling UP.
The bad thing is that Daily Chart supports Weekly time frame. Real Traders should be out by now. But…it’s Christmas time so keep praying.
I opened positions at 0.43 and 0.52. Closed some of them at 0.66 and bought back at 0.52. I’m still above the water which is probably around my chest level and I like it bellow my belly button.
I’m still holding but my own history tells me being to patient with the losers can make you a real one.
Company news are NO news. No data no real meat behind the bones they are throwing. Investors have a right to be very nervous .
Merry Christmas to everyone…and
Happy Trading