Buda said:
EEE what do you think about the chart? ERG is a gap filler if you looooook back in time it has always filled gaps i am 99.9% shore The 36-39 gap will fill The momentum is on our side The dailly MACD is ever coming closer to the ZERO
Hi Buda,
I think that on a long enough time line, all gaps will be filled eventually for any stock, its just a matter of course.
Regarding the chart, the MACD histogram keeps teasing us by approaching zero and then taking a step back, I'll feel much better once this hits positive territory. I also watch the 14 day RSI and this is rapidly approaching the oversold zone with each 0.5-1 cent drop.
Regarding the overall trend, the share price keeps respecting the underlying trend line that I have on my chart and if your a user of the GMMA, you can see that the long term averages are well spread apart and robust, signifying a very strong underlying up-trend. I think that the pennant that has formed over the last 2 weeks in October will hopefully give a target of 0.36 before more consolidation.
These are just my thoughts on ERG and whats been keeping me in the stock for the past month and not taking my money out and utilising it elsewhere. I only like to hold a position for a 5 weeks max and I'll be hitting that with ERG next week.
But anyways, good luck to us all
Disclaimer: As always, the above is not to be considered as any sort of advice or recommendation and if you take them to be such, you are a clown