Bounce or Sell-off? #RGSEThis stock is really hard to gauge. Volume looks pretty week the last month or so.
Up side is since crossing the 200MA it has tested it 4 times (depending on how you look at it).
At a minimum it appears to want to stay above the 200MA.
The 20/50MA look pretty week though. Possibly a cross soon. If so it may Re-test the .08 mark at low.
If the current trend continues, I suspect .34 will be the new support (current resistance). It hit (or briefly passed) .34 on the 14th and 18th June, but quickly retracted. The company is actually going in a good direction with their Powerhouse Solar Shingle brand. If I were a betting man and it crosses the .34 this coming week, the stock is set for a full recovery. I think its revenue and sales will be up with states passing laws for more aesthetic/sustainable solar solutions.
NOT ADVICE: I'm in at .34 if it find support there.
RGSE
RGSE - Fallen angel Long setup from current level to $0.96RGSE - Possible long here. Highly speculative, however could consider stop around 0.27 and fallen angel target of 0.96.
$RGSE CEO Bought 15,000 shares on 17th No Debt and $18 Mil CashThis chart is a thing of beauty, if you blow it up on the daily and weekly and monthly you'll see why. It has cupped perfectly off the bottom and is ascending with higher and higher volume. Expecting much higher PPS Sooner rather than later.
RGSE Looking Bullish...Selling absorbed, short but sweet period of accumulation, and now a bullish move backed by volume. Doesn't get much simpler than this.
RGSE move north predicted...Can I draw or what? This was exactly as I had anticipated. Now the Question is...What's next?
I'm thinking we see a bull pennant form off the side of the 10/15 run, which is the top 1/3 of the three day run, which should trigger another larger move early to mid week next week. Of course there is always the possibility that we go greed red green and Monday she runs, but the technical's need a chance to reset from this weeks run, so I'm thinking this trades in a pennant for 2-3 days. Suddenly this is fighting the 50 EMA, which is a major step above the 50 day SMA.
Since April 2014, about 1.5 years ago, this has never traded above the 50 SMA for more than a single day...until now. Today's close marks the 3rd day in a row closing above the 50 SMA. Not just a penny or two either, but solidly above that indicator. This lends evidence that this chart now has a bottom behind it, and can start trading above the 50. Next on deck would be the 1.60 resistance that shouldn't be to hard to break and then the 100 SMA around the mid 1.70's. Potentially this breaks that on a run into earnings, due the second week of November.
RGSE Chart UpdateBreaching 1.30 will be key tomorrow. So I was a little delayed, but still going the right way.
