Todays close has formed the bearish doji star pattern, somewhat lending more credence to the dead cat bounce theory. A close lower in price tomorrow will strengthen conviction of further downwards movement.
While on the other hand, convincing consecutive closes higher supported by volume may signal resumption of a bullish run.
Bearish tweezer top sighted. Short term correction or major move down?
I wonder why no1 is questioning how the acquisition of a less than 1 year old company can help improve the bottom line of a compomany in already lacklustre financial health. The apps being published are overly simplistic with little to no information to be had.
If publishing apps can instantly turn fortunes around, there would be alot more instant millionaires out there.
if you look on the volume...everytime the price retrace..the volume diminish...therefore it shows that there are not many people who wants to dispose this counter after they bought them
It is good that you all have so much faith in this company. Congratulations are in order if/when the financial health of this company are turned around!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
pumas
89 posts
Posted by pumas > 2014-02-04 14:49 | Report Abuse
yup...as mentioned by smellytoes...the chart looks great...but need some support from the volume to confirm it is moving towards the right direction