Chart Chat, page-938

You are not throwing me under a bus here are you DukeyJ I have been getting a poor reception when I have been tagged onto new forums lately . Maybe one day I will get asked to chart on to a stock thats breaking out into blue sky and I will be lauded as The Messiah

Anyway for what its worth here is a chart and some comment . Disclaimer never looked at the stock before , never owned it dont want to own it ( or short it ) and I am not a paid down ramper. -now I have got that off my chest.

looks like a classic spec stock run with profit taking at the spike high and retrace back to the 50% Fib line . Buyers re entered at the 50 fib then again profit taking kicked back in around the previous sell zone albeit with a pip overshoot marginal new high.

The blue circle is the confluence of support encompassing the uptrend line, the 200 EMA and major support the 50% fib most recent low - The bottom should be found somewhere around here 1c -1.2c I would expect.