Silverado A Major Event is About to Happen, the 2nd "GOLDEN CROSS"
posted on
Sep 12, 2012 05:31PM
Please note that towards the end of today's trading session, the share price blew right through a major resistant level @ .003 Setting up a huge BUY candle stick on the 'Daily' chart for tomorrow's trading, Thur.
I believe we saw a short seller squeeze this afternoon? shorts who were betting that Silverado company would not be able to find money to pay the fees on their Nolan Creek claims, and therefore they hoped the company would be pushed out of business The DNR was able to get their website up and runnning this aftrnoon and I believe this was the source of panic, causing many short sellers to buy stock to cover their postions.
As you can see from the chart below, the 50 (DMA) Blue Line is sharing the same point @ .0016 on the chart with the 200 (MDA) Red Line and is now just a step away from crossing the threshold, SIGNALING A MAJOR EVENT !! turning the 'Daily' chart completeley right side up !! Depending on how fast the share price moves north, the last final "Golden Cross" could happen in a short time
$$ Ka-Ching $$ Ka-Ching $$
Please note,
The 20 (DMA) Green Line is now @ .0023 (is now the new price support line)
The 200 (DMA) Red Line is now @ .0016
The 50 (DMA) Blue Line is now @ .0016
The MACD technical indicator at the bottom of the chart, has been moving upward in a positive trend since the first of August
(Use scroll bar at bottom to see the chart to the right )
Close Price .0035 :: Vol 12,315,933 :: Ask 5,205,000 @ .0035 :: Bid 2,280,900 @ .0034