Resistance: $0.78, 200dMA
Support: $0.70, $0.66
Comment: A confirmation of trend reversal by the Inverse Head and Shoulder formation. It surges above 100dMA with good volume - going to move up to test $0.78. If it plunges below $0.70 - move down to test $0.66.


farmland investment said... @ January 29, 2012 at 10:52 AM

at this point, does this mean you would recommend this stock, or hold off to see if it tests the 0.66?

Alvis said... @ January 29, 2012 at 11:11 AM

i would say buy near 70 cts support.

Alvis said... @ February 9, 2012 at 8:53 PM

Tested $0.78, but closed at $0.765. It is a breakout with good volume. Cheers!!

QUALITY STOCKS UNDER FOUR DOLLARS said... @ January 2, 2013 at 4:27 AM

Airlines are good as trades but not long term investments at least not american airline companies.

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