Thursday, April 06, 2006 10:39:51 PM
SVMI TA updates:
(1) The stock is still in strong uptrend on long-term indicators. The short-term indicator is bouncing from below 10% to only 40%.
(2) There are not much resistence from this level to 0.035 according to the support/resistence, see chart two. Some guys posted wrong info about SVMI on several boards/chat rooms. The guys mistakenly posted SEVI's S-8 filing as SVMI, even on this board and Bottom Players board. Come on people, the ticker is similar but totally DIFFERENT. This could contribute to the heavy bid whacking in the afternoon by some short-sighted traders.
(1) The stock is still in strong uptrend on long-term indicators. The short-term indicator is bouncing from below 10% to only 40%.
(2) There are not much resistence from this level to 0.035 according to the support/resistence, see chart two. Some guys posted wrong info about SVMI on several boards/chat rooms. The guys mistakenly posted SEVI's S-8 filing as SVMI, even on this board and Bottom Players board. Come on people, the ticker is similar but totally DIFFERENT. This could contribute to the heavy bid whacking in the afternoon by some short-sighted traders.
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