Originally Posted by
bassmaster
qasp taking a little beating now. im looking for a a bounce at the 200. the 50 has been resistance. the last time it touched the 200 it broke through the 50 for a huge gain (from .01 to .052)...
so basically its ranging between the 200 and the 50. the 5 ema has also proven to be a resistance level. for the conservative penny trader (oxymoron i know) i rec buying on a confirmed breakout of any those resistance levels as it has been shown that there are big runs(percentage wise). dont be suprised if we hit .015 area. as of right now the 200sma is .0152 but that increases everyday. if we do hit it im expecting a nice rally after that ( if history of this stock has taught me anything).
if we break below the 200 and stay below, i believe it is very bad..but would like some input from others if that happens.