RE:We're still on track...The volume is down. You trade about 50 thousand worth of shares a day doesn't even buy you a pick up truck. Technical analysis does not work on low volume. For example, whether or not someone shows up to buy tomorrow or sell and you TA goes out the door.
VWAP has some utlity and it's bearish.
You were also off on all your other calls so you are a reliable reverse indicator. Have a nice day
apapas1973 wrote:
I'm still seeing those positive divergences. As far as I'm concerned we're still on track (until proven otherwise) for roughly $2 as the first resistance followed by the larger resistance around the 250 ish. The larger resistance is a bit lower since my previous post. The larger moving averages are still falling cause of the substantial drop in share price but I think it's still possible for an overshoot into the 260 ish as I've stated previously. GLTA