Just a bit more mucking around with the same charts above...
Below I've taken the Median Lines from the above two, overlayed them on one chart, and replaced the Medium Line with Andrew's pitchforks...
What can you see now? Well, the lower trigger red line meets the median of the blue pitchfork, right at where?? You guessed it... 12.5 cents - the dreaded bottom of the gap everyone has been fussing about lately - and this convergence happens (as the chart has it) next Monday... oh my...
But there remains one indicator that dismisses all these dire squiggly lines - Parabolic SAR (as you can see) is in the green, and has been indicating taking long positions for the last four trading days...
How unusual... a suggested dive to 12.5, while the TA is also flagging that we take-up long positions - the essence of volatility folks.
Monday could be very interesting - anyone care for another round of hitting stop losses?
good luck
PRR Price at posting:
15.3¢ Sentiment: None Disclosure: Held
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