Re: Not quite a breakout yet....
in response to
by
posted on
Apr 18, 2019 01:56PM
I tend to prefer a longer term for technical analysis so with the caveat that TA is suspect in such a lightly trading stock, this is what I see. I see quite strong support in the $3.20 area that we just were with the 50, 100 and 200 day MAV's all converging there. The 200 is rising and the other two are flat and looking to turn upward with the 200. We have a substantial resistance around $3.50 that we are feeling right now. This resistance has been set in place going all the way back to August/18. It has been firm there other than one attempt to breakout that failed in Sept./18. I think if it can break above that and hold, we will be into a new range just as we were when it broke $3.20 a while back.
JMHO