JOTECH signs of bullish?

Well, let's take a look at Jotech's chart here...technical indicators basically tells us its trading in the oversold range....how true is this information?...MACD indicates that the stock could have probably hit the bottom of the cycle...Stochastic(slow) supports very much the likelihood that the stock is on a turn around(bullish cycle)...


RSI indicators is howering slightly below the 30 level which technically reaffirms oversold status for this stock....could this be real?...checkout the trading volume and you'll see relatively strong accumulation holding the stock around 0.165-0.17...should this stock break the resistance level of 0.18 we should see it rise with a resistance level capped at 0.223.


just my 2 cents worth...

-Toe