meszaros

GLOW wait for the bottom...

AMEX:GLOW   GLOWPOINT INC
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GLOW wait for the bottom. A small capitalization company in a success sector. The exchange rate has been shrinking for a long time. Probably even below this 0.1838 usd level. Chart analysis takes place in weekly time slots. I expect more downward movement. The decrease may range up to 0.0321usdd. It makes the startup ATR axis flat (purple line) in this range so exchange rate quotations are actually occurring at these levels and not just for a short spike. Therefore, it will be easy to enter the range of 0.0300-0.0400. Then there may be an increase (stiffer to the ATR range) and can reach 0.7000 usd.
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