Red arrow represents an upward trend and is in the oversold area meaning a price bounce may or may not happen. (Price Target is .3550)
We got a nice breakdown around the .23 - .25 area: Price needs to go above the 200ma on the hourly chart to buy.
Price will hit around the 50ma and 200ma area: Indicated by the green and red lines to prices.
Price Target .3150 hit. Next Price Target .3550 (Buy with no stops and no margin until is hit)
Price Target .3550: .35 Will be the support and the next level of resistance will be .3550
Resistance @ .30. Next level resistance and PT .3150
Price above the 200 hourly moving average: Hourly chart with the 200ma gives a good indication of trend direction.
We have 5 hours until the close a support level @ .2950
In reference to the trendline based on the 2 breakout bars at the open: Price action is excitement in the market @ .27
On the daily chart @ .2950 resistance is now becoming support.
Possibly within 9 days based off the recent higher lows trendline price may start moving above the 20 moving average.
Price is above the 20, 50 and 200 MAs: Crossovers happened in that order.
Whole and half number support and resistance areas are very important. (Buy and Hold to $1)
Half and whole number S&R areas indicated by the blue lines: .29 .2950 .30 (Buy, price above 200ma)
We need about 48 minutes to get conformation for the .29 new support. Moving averages are crossing above the 200ma
Breakout of the 200 hourly moving average let's see how long she can hold it.
Here is a depiction of what the bears and the bulls like on the hourly candlestick chart.
Test of the 200ma on the hourly chart and a trendline break: Buy now or buy after she goes above the 200ma. (Buy low sell high)