Spider Resources

Welcome To The Spider Resources HUB On AGORACOM First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

almost 17 years ago

in response to walla123's message

Walla123...

Great info from TD; my Investorline account doesn't give me this type of info. However, with your information I went out and created another .GIF file (uploaded to Photos) to illustrate the "falling wedge". My drawing is a little rough but I think everyone will get the idea.

I have also included 50 day & 200 day moving averages. You can see that the "up tick" in SPQ from .10 to .12 cents is pushing the share price towards the "upper wedge line" and 50 day moving average.

If the share price punches through both, it will be a very positive technical indication. However, as you have noted, take all this TA with a grain of salt.

Snug