Looks like a lot of green indicators right now. .87 could be new support with next resistance at .97 Candlestick is green, RSI at 57 ....looks good and why I bought in a short while ago. Of course DC could puck up the whole market shortly but right now this one looks good technically IMO. GL
I love technical analysis, but I think it make sense less and less as the volume of what you are analysing becomes less. I.e. Stocks that trade on the Nasdaq with less than a million shares a day can not be trusted in my opinion, which means a BB stock such as CDXC, who has most likely one Market maker setting the bid and ask, can not be expected to follow traditional technical analysis patterns. Therefore, I personally would put as much faith in technical analysis on CDXC as I do on fundamental analysis - I.e. little to no faith. So what is left? That's what I have faith in.
Unrivalled potential is what we have left and analysis technical or fundamental breaks down when tyrying to assess potential. Frost seems like he is on a winning streak right now which most likely lends credability to CDXC. Also going up with no news on fairly high volume, most likely means some people know something that is not obvious - in a good way for the longs. GL
You make some valid points but since I bought in at .83 it has followed the technical's almost perfectly...they point to all green now...looking real nice. I always look at the fundamentals and the story as well but techs help me buy at a decent point more often then not. They have worked well so far on this one for me. GL