Post by
betsonvalue on Sep 09, 2018 11:25am
MA chart
I picked some random MA's, albiet they have shown breakouts & breakdowns quite well. This chart tells me two things (the red line's not as important as blue & green). Blue shows resistance and green shows support.
If MGW hits the green line (11 day MA) at $0.42 it will take off into the stratoshere off that line on volume. Blue line resistance coming down at a faster pace is causing some SP decline at the present... in the end it comes back as an easier target to beat for a breakout. Get it?
MACD should tell you the breakout will be an easier battle... looks a lot like Sept '17 right now. Just sayin'
SP only needs to hold $0.45 to $0.46 for the 11 day MA to continue to an upwards trend, which is what started at the beginning of Sept '17. Probably a week earlier and the volume last week was definitely selling, so not exact. But enough to try to make [maybe post?] some of your own charts?
https://schrts.co/eYbt6z
Comment by
Easymoney15 on Sep 09, 2018 3:02pm
Going to need some good news tomorrow to hold 45-46
Comment by
Easymoney15 on Sep 10, 2018 10:16am
You loading up with more ?
Comment by
betsonvalue on Sep 10, 2018 10:32am
Had order ready to go for $0.42 but it jumped up... Since I have a lower avg. already I gain risk exposure without averaging down, so while I am very tempted I am trying to restrain myself. Easier said then done and I might snap some up. Sold more Canopy this morning to take avg. sell there to $62.22 recently.
Comment by
Easymoney15 on Sep 10, 2018 10:52am
Theres your 42 thinking we could see 37-38 again tho