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StemCells Inc. Message Board

  • leftcoastdave2003 leftcoastdave2003 May 17, 2013 11:53 AM Flag

    Da Chart

    This chart is looking better and better.Take a look at your daily chart going back to early april. The exhaustion gap above the BB's got shorted back down through the BB midline all the way to the lower band. The next move peeked above the Bolinger band and got taken back but this time only to the midline of the bands. The next move earlier this month again pierced the upper BB and the second day above saw an exhaustion gap which was again shorted back down, but again only to the midline. Now we had yesterday's gap which did not pierce the upper BB and while shorted heavily was well defended by the big boys with nearly triple average volume. Gaps tend to fill and moves above BB's tend to see the second move stay within the band which we have done. If the price continues to hold and move up slowly from here, the BB will continue to rise and yesterday's gap will prove to be a rare break away gap which is very bullish.

    Sentiment: Strong Buy

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