slow and steady, page-4

Thanks for the response...

Here's the short term technical analysis (sorry can't attached the chart but here are just the words):



Pivot point is at $2.68.

Most likely scenario: the upside prevails as long as $2.68 hold as support. Target is $3.47 then $3.64

Alternative scenario: if break the $2.68 support would call for $2.4 then $2.23.

Comment: the RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (standing respectively at 2.76 and 2.74).

Supports and resistances:
3.64 *
3.47 **
3.3
3.15 last
2.79
2.68 **
2.4 *