chart for ehr please, page-3

Ok, so I've thrown together a couple of charts for those who may be interested. As a caveat, I'm still learning about TA and I'm also very bullish about EHR as most already know, so feel free to take it or leave it. Please DYOR and make up your own mind.

The first chart is the Daily. About 6 months ago, we saw a Hanging Man form. This was confirmed as the bears pushed the price down to 3c support. Support failed and we saw the sp hit an all-time low of 2c in October, even though one of the directors had bought up in August. As the chart shows, 3c is a line of significant support / resistance for EHR.

The pivot point in October marked a change in the long-term downtrend and a new trend began to form. The last two weeks has seen a short term downtrend from the most recent high. As the stochastics show, we are back in oversold territory. The last time this stock was this oversold was in October. The inverted hammer that formed yesterday is an indicator of a possible bullish reversal of the short term downtrend, however, it does need confirmation. Confirmation should be in the form of a gap up with a green candlestick or a long green candlestick with good volume. Confirmation may take a few days to form.

Now, I'm also adding another chart which is the hourly. I use this chart to try to anticipate moves. My reading of the hourly chart is that the stochastics are trending up and out of oversold territory. This could be an indicator of what will occur on the daily. Also, it looks like the MACD wants to cross over. Both of these require confirmation, however.

All of this is my own opinion and please do your own research before investing any of your hard earned.