Best day looks like it was around 9 Dec, ~950k shares. CCI(8) called that move early. CCI currently tripping between 125-175. When it crosses down under 100, would sell. Sell signals using CCI on IECS have been pretty accurate over last 6 months. Buys are so-so.
Price is currently pushing the BBands(20exp) up. Some of the action looks similar to the run in Oct which carried it up to 41c. Here's the rest I watch...
AD shows slight upward move, but unremarkable. CO same.
MACD shows extremely bullish trend, having crossed the 26DMA @ -0.02 on 16 Mar, & pulling away into positive territory.
Momentum indicator is new for me, but shows a decent upward trend and also an overall trend up for the past few swings; successive peaks & troughs both exceed their predecessor(sp?). Looks to be a good mirror of price, but not a predictor.
RSI(8) & MFI (8) are both over upper thresholds of 80 & 70 respectively, but haven't turned down yet. RSI has slightly better predictive value.
OBV (also new for me) is turning up after having been flat for last 3 months, roughly meaning money is flowing in.
14,3,3 exp Stoch. has %K still above %D, and above threshold of 80(~87). When it turns down, it's time to sell. Historically, not bad, usually gives clear signal midway through price swing.
Well, that's it. Had a sell in @ .25 later in the afternoon, but pulled it back. May look to sell on a gap up in the AM. TA tomorrow should tell some more. Granted some trenders look pretty good, but a reversal of the current downtrend would need a close over ~.30 to allow possibility of a breakout. OB/OSs are peaking, so current run may be over soon, though if the trend starts up, I would expect future lows to be above the old .13-.17 level.
Did I say anything worthwhile? Long term...if price breaks goes above ~30, may see an uptrend staring. Short term (2 weeks), may see a price correction, but not below 17c. LB |
