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Message: Charts Say...

Got a bounce off of the 8DayMA (daytrader technical). OBV showed accumulation on Friday. Looking at the hourly charts, what is considered long term for traders/flippers, the support of the 50DayMA (actually 50 hour) held, and is currently at about 0.76. Lower BB is 0.73 and may be considered next support level.

Have not done any calcs to see if the volume was enough relief in case there are converts left. What may be in sp favor is that as it goes higher, larger outfits can invest. Not necessarily mutuals as they have strict rules.More like hedgies, where rules can be "adjusted" for the circumstances. Pure speculation on my part.

Looking for a higher low or open on Monday to indicate the selling is over. Thinking we are close. The overall Market may come into play, so if there is bad news out of Europe there may be downside.

Another spec play, GTGP popped giving a dividend to shareholders of record Dec24.

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