Post by
tamaracktop on Jun 29, 2024 1:50pm
Doubtless someone will jump all over this post
And I know who.
Our opinions of T/A diverge, to put it mildly.
Personally I'm of the opinion that while we wait for substantive fundamentals to enable real fundamental analysis, technicals carry even more weight than usual in microcaps.
Very much worth noting that the stock blew through the 20-day with authority and on the biggest volume in months on the last two days of the week.
It didn't just go through it to the upside, it decimated it.
The 20-day MA after Friday's close is $.555.
The 50-day is $0.643, and the 200-day is $1.126.
In all likelihood the 20-day MA will turn higher this week.
It's been quite some time since any MA at all was trending higher.
The 50-day is very very close.
Last week was a signal to at least start pay some attention here.
The stock is stirring.
It's woken up a bit.
After a seemingly interminable period of sleepwalking.
Comment by
Napcoo on Jun 29, 2024 2:35pm
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