was that a sos week ta @ $1.27

To confirm that last Thursday was a SOS and Friday’s action was it backing up to the creek i.e. LPS, we need for today to close out as a bullish bar

Need at least 20M+ in volume and a slightly wider spread than that of Fridays and closing highish

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Jump across the Creek (JAC)

is a continuation of the creek analogy of jumping resistance and is a good sign if done on good spread and volume – a sign of strength (SOS)

Sign of Strength (SOS)…an advance on good (increasing) spread and volume..Thursday?

Back up (BU) to a Last Point of Support (LPS) – a pull back to support (that was resistance) on diminished spread and volume Friday? after a SOS. This is good place to initiate long positions or to add to profitable ones.

Note:

A series of SOS’s and LPS’s is good evidence that a bottom is in place and Price Markup has begun.we may be looking at our first

DYOR