OK...Last posting before I hit the sack...
I use the following signals as Indicators and not as clear buy or sell signals...Nobody can tell you that, I don't care who they are...
On the 3 month chart, a combination of:
Bolinger bands...Shows me the share value position of the stock in relation to its moving average and it's upper and lower price differentials...Right now she's sitting below the 90 day moving average but has bounced off the bottom line...IMO...Positive
Candlestick charts... AQU closing shows a bullish signal on Friday...IMO...Positive
Slow Stochastics... Shows the K% line just getting ready to cross the D% line in a northerly direction...IMO...Positive
Relative Strength Index (RSI)...Bounced off the 25 line on Thursday and started to head north...Confirmed on Friday when it continued north...IMO...Positive
MACD... Is the only one that is still lagging behind and has not given me the positive signal as yet...
4 outta the 5 is plenty good enough for me to throw the sucker on the screen and keep an eye on her Market Depth...All we need now is for some volume to happen, which I think you'll start seeing in the .50 or better range... Well better than 30K per day anyways...<GGG>...
BTW, those are my indicators for penny plays...Each and every investor has his or her own quirks, setups and may view these charts and their use's therof, completely differently...
I also use them to determine support and resistance levels and their relationship with the current share value...
In the case of AQU, I see some resistance in the .60 - .65 range and looking at the volumes that occured in late April and the first half of May, it appears that the resistance level may be light... That's provided of course the company doesn't have a chitload of warrants/private placement stock coming free and or options to be exercised in that price range...Hell at the time of typing this post, I don't even know what this outfit does other than it's a mineral company of sorts...<GGG>...
As I previouslay stated my synopsis is being determined from a quick glance of the chart and the indicators I use...I have not gone into any more DD (ie. House Positions, Sedar and review of latest NR's), than what I have just mentioned and don't take my analysis verbatum, because in a lot of cases, I do not know what I speak of, or flap my fingers about...0^o...:-)
G'night (fer sure, this time <ggg>)...
...ed |
