Notice the 1st..... MACD 12,26,9 pop was not confirmed by the 12,65,1... where this second breakout attempt looks to be much more promising....as the 12,65,1 suggests a much deeper participation of buyers than sellers at one of the most opportune market timings just after tax selling... not to mention some really good speculative fundamentals,
A point of interest is the reason the first MACD episode failed IMOP is it coincided with the financing at .10 cents and thus gives a very acceptable reason for the sudden dip and failure to hold the first pop.... it was just a bit too soon with the financing being lower than the price... of course the price went to the financing and the price as well had to work it's way through tax selling..... a good spot of luck as I loaded up. I hardly ever double down... but all things considered... it worked well this time and I'm in the green.
Dave GLTA
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