Agoracom: Small Cap Investment - Spider Resources - Re: more TA (from TD Waterhouse)

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SnugTheJoiner

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Re: more TA (from TD Waterhouse) - nice job

in response to

more TA (from TD Waterhouse)

walla123

posted on Nov 24, 2007 08:19AM

Walla123...

Great info from TD; my Investorline account doesn't give me this type of info. However, with your information I went out and created another .GIF file (uploaded to Photos) to illustrate the "falling wedge". My drawing is a little rough but I think everyone will get the idea.

I have also included 50 day & 200 day moving averages. You can see that the "up tick" in SPQ from .10 to .12 cents is pushing the share price towards the "upper wedge line" and 50 day moving average.

If the share price punches through both, it will be a very positive technical indication. However, as you have noted, take all this TA with a grain of salt.