EMA200 - 0.37$, EMA - 0.36$... , Price closed above EMA 200 at 0.38$. Very bullish...
My prediction for tomorrow is a change of trading pattern, especially with a black-spinning top formed today closed above EMA200. I also believe in the upcoming 2 trading days we shall see an exponential golden cross which would signal a significant uptrend pattern. Right now EMA50 is at 0.36$ only 1 cent below EMA200. Also RSI higher than 50 at 58 is very bullish. So with all this technicality and gap closing formality, all looks very favorable for continuum of uptrend above 0.50$ level. We are trading in an uptrend tube obviously.
Any sales announcement or positive PR can send this much higher. GLTA Sam
I get that you want to overlay technicals onto this stock. If that was a candle that formed, then you may be right about the beginning of an uptrend. The spinning top you mentioned, wow really neat terms, but if true it only suggests an uptrend if the formation is found in a "defined" downtrend (have we been in a downtrend? or just trading in a range?) Anyway, if you are right and sellers are losing their conviction then we may have indeed seen bottom. What was it .35? For me, up from here. Like I said before, we are going to see volatility and that is a very good thing if you are looking to buy the lows and sell the highs. To make money on this you have to trade it. I liked the way it closed today, so if I was going to buy I would of also bought today. GLTA
You can't be serious with all that dumb technical trash on a stock at .38 cents. It broke through the EMA to the downside today and went right back over them....it means nothing beside folks trying to sound smart.
Moosy, as far as breaking down the EMA during trading day it's called shake-out candle. Dropping down to shake out all the weak hands and stop-losses, only to make a reverse scheme... and closed right above the EMA200. Of course that's where all the big boys and smart money is coming in.
I would have to say that it's strong resistance however needs to be confirmed today. If it stays above 0.38 then a new uptrend will begin that will go above 0.52$. Should We cross 0.38$ it means a golden cross happening today for the first time in a year and a half so that's a very bullish signal. RSI is above 50 so that's a good sign as well.. trading day with high volume will confirm my technical s. Guess we shall see today!