Doesn't matter what Rizzla said, he is entitled to his opinion....

Doesn't matter what Rizzla said, he is entitled to his opinion. What I look at are charts and what the charts are telling me this will get a lot worse before it gets better. A few days back I analyzed 3 main tiers of support for 4CE.

Tier 1 lower 80's (20 Day SMA)

Tier 2 mid 60's (200 Day SMA)

tier 3 Lower 40's (this Stocks lowest Sp in the past 12 months)

In the past week not only is the 50 SMA above the current Sp (bearish indicator), but the Sp has fallen past Tier one and pierced through the 150 DAY SMA.

Right now it is sitting on the 200 Day SMA, but if that doesn't hold you are looking at a free fall.

Chart for visual learners.


For those that think I'm wrong, I hope you are right.

Cheers