Stochastic still has a long way to go before downtrend starts up again.
Stochastic is now below 20 and is oversold. The downside momentum is not sustainable.
I've been looking for an RSI of around 49.29 on a "Day" chart to signal the turn around. Looks like we're very close.
3/19 - Bullish Harami with a very small body signals reversal very likely. 3/21 - Hammer candle indicating Bulls are starting to get the upper hand.
Here we go folks. It's nothing but fun from here on out over the next several days.
Holy schnikes! I totally called this 8 days ago. . . . assuming it doesn't go any lower :)
Starting to see some divergence here. Look for volume and confluence to confirm.
Prices won't be this low again for a very long time.
Spinning top after a significant down trend indicates sellers are losing interest and the bottom has formed. An up trend is to follow. Bulls will be cautious and slowly enter over the next several days.
Early Look at Plug Exit Price. Looking long for a target price of around $10.30 over the next 5-11 trading sessions. It hits both a fib and a resistance point.
Around $5.50 is looking like a good price to think about buying as sellers are driven out of the market. Confirm with volume.
Plug will start gaining very soon. It's time to look for entry points. RSI is one indicator that works well with volatile stocks such as plug. Strategy - buy when RSI on 15 min chart goes below 20 (there's usually a little bit of lag in price) My guess is buy at $5.50, but keep your eye on the indicator.
%K is about to cross above %D on Stochastic. Shorts will start to cover and bulls will start to buy driving price up.
Selling pressure is going to run out of steam soon. Look for the price to start going up again on Monday or Tuesday. Target price to enter on is somewhere near the 20 day SMA. I'm guessing that will be around 5.57. Look for the double bottom as price may go as low as 5.29, but after that expect a steady drive upwards to the area of $10 over the next several periods.
For stocks in the early stages of speculation there is usually high volatility. An RSI on a 15min chart can be a good indicator of when to buy and sell. Buy when 14 RSI on 15 min chart hits 20 or below and sell when RSI hits 80 or above. Another exit strategy would be to sell when it's made 15%-20%. This strategy can work 2 or 3 times over the course of the next...