what looks good about the macd to you?That it's in the biggest downtrend it's had and bound to reverse soon?The reason i ask is everything i read on macd they say wait until it crosses in an upward trend.Just wanna know if i'm lookin at macd too "basic"
Well the MACD can't really go any lower. Soon it will pinch and head back up. But that's not my main reason for why I chose PWRM.
Here's the chart:
[pic - click to view]
First off, there's a triple bottom forming which shows very strong support at .05. Each time it bounced off .05 the PPS went to above .15. In November it went to .10 and fell but when back to .20 later on. That's a 400% gain from .05.
Also, the RSI shows that it has never been this over sold. Any kind of heavy buying will send the PPS soaring IMO.
And on top of that Stochastics show that it has been over sold for about a month now. About the longest it's ever been over sold.
All signs are bullish for me. With a nice PR, their stock should do great.