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Jones Soda Co. (JSDA) Message Board

  • amplastbag amplastbag May 31, 2013 10:05 AM Flag

    Chart Pattern

    Each of the recent 3 short term market upside moves to a new high for that period seem to show the same retracement from that peak followed by a price range consolidation before setting out on a new rally.
    Looking a the longer term picture one can see that the last retracement came right after a trading range there was challenged by the kast move and we seem to be seeing another back and fill trading move developing.
    The selling volume has not been one that would qualify as "getting out" sales but more like maybe the short term traders are lookiojg elsewhere in a general market that's been marching onward and upward.

    Let's see if the supposed support level just above $0.50, as indicated by recent trades, holds sees a little more sideways movement followed by a higher vollume upturn to reach a new higher support zone.

    The fact that we are in an in between information period means only rumor or inside information can actually generate higher volume trading either on the buy or sell side, since actual data will not be released until late July or early August. JSDA is after all, despite the hooting and hollering by the bull side, a penny stock speculation. Like the old addage says, "Money talks louder than words.".

 
JSDA
0.470.00(+0.34%)Aug 27 3:53 PMEDT

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