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Once the price breaks below a support level, the broken support level can turn into resistance.
There are a wide variety of companies – spanning all major sectors and industries, with market capitalizations ranging from large cap to micro cap – quoted and traded in the OTC market.
Support does not always hold and a break below support signals that the bears have won out over the bulls.
OTC Markets Group does not regulate the OTC marketplace. It is neither a stock exchange nor self-regulatory organization (SRO) and is not itself regulated by FINRA or the SEC.
This could be information held by insiders, competitors, contractors, suppliers or regulators, among others.
In an ideal world, market makers want to buy at the bid price and sell at the ask price. This scenario allows them to have very little risk and make “the spread” on each share transacted. Unfortunately for market makers, this scenario is not extremely common due to price volatility – movements in the price of a security.
While long on detail, short-term charts can be volatile and contain a lot of noise.
Investors should clearly understand that trading practices for OTC securities are different from those of securities traded on exchanges. Your broker-dealer or the broker-dealer they route your order to, may not provide you with limit order display or instantaneous executions in OTC securities.
Trading Range
Trading ranges can play an important role in determining support and resistance as turning points or as continuation patterns.
OTCQX International – OTCQX offers international companies a visible presence in the U.S. on the premier tier of the OTC market, without the duplicative regulatory burdens of a traditional U.S. exchange listing.
In addition, price movements can be volatile and rise above resistance briefly.
Resistance breaks and new highs indicate buyers have increased their expectations and are willing to buy at even higher prices.
Be certain that you fully understand the distinctions among these terms, and be certain that the risk level you choose accurately reflects your investment goals. Be sure that the investment products recommended to you reflect the category of risk you have selected.
Prices Movements are not Totally Random
Most technicians agree that prices trend. However, most technicians also acknowledge that there are periods when prices do not trend. In his book, Schwager on Futures: Technical Analysis, Jack Schwager states:
An over-the-counter contract is a bilateral contract in which two parties agree on how a particular trade or agreement is to be settled in the future. It is usually from an investment bank to its clients directly. Forwards and swaps are prime examples of such contracts. It is mostly done via the computer or the telephone. For derivatives, these agreements are usually governed by an International Swaps and Derivatives Association agreement. This segment of the OTC market is occasionally referred to as the "Fourth Market."
If a security is approaching an important support level, it can serve as an alert to be extra vigilant in looking for signs of increased buying pressure and a potential reversal.
Compliance with the Information Requirement of SEA Rule 15c2-11 – To initiate quotations on an inter-dealer quotation system for an OTC security not currently being quoted or to resume quotations after a four day absence or SEC suspension, a market maker must submit a Form 211 to FINRA. Once FINRA approves the 211, the market maker may submit a quotation to the applicable inter-dealer quotation system(s) they selected on the Form 211.
Supply, Demand, and Price Action
Many technicians use the open, high, low and close when analyzing the price action of a security. There is information to be gleaned from each bit of information. Separately, these will not be able to tell much. However, taken together, the open, high, low and close reflect forces of supply and demand.
Market Order – a market order does not have a set price and is therefore executed immediately at the current ‘market’ price. Markets, especially OTC markets, can be highly volatile and therefore the price of execution may differ dramatically from the price at time of order entry. Those who use market orders are more concerned about the speed of the execution as opposed to the price.
Support and Resistance Zones
Because technical analysis is not an exact science, it is useful to create support and resistance zones. This is contrary to the strategy mapped out for Lucent Technologies (LU), but it is sometimes the case.
Companies that follow the International Reporting Standard or the Alternative Reporting Standard by making filings publicly available through the OTC Disclosure
How Are Charts Formed?
We will be explaining the construction of line, bar, candlestick and point
Support:
Areas of congestion or previous lows below the current price mark support levels. A break below support would be considered bearish
$ASKH EMAIL FROM CEO $80MIL MERGER IN 2 WEEKS:
$ASKH $80MIL REVENUE MERGER UPDATE IN 2 WEEKS:
DD CONFIRMING $80MIL REVENUE MERGER FINALLY CLOSING:
THIS DD CONFIRMS THE MASSIVE ACQUISITION THAT WAS TO BE CONSUMMATED IN 2015. THE WEBSITES AND NEW ZEALAND BUSINESS DIRECTORY ARE UNDENIABLE EVIDENCE THAT THE MERGER IS FINALLY CLOSING VERY SOON WITH THE CEO'S RECENT EMAIL RESPONSE...
Earlier this week a poster received an email from the (now previous) CEO saying that we will be seeing updates early next month; meaning a few weeks. Note that the CEO now addresses himself as "director":
The response from the CEO comes shortly after SEC filings were posted and the OTCmarkets status has changed to "current" (SEC filings are much more expensive than OTCmarkets filings):
https://www.otcmarkets.com/stock/ASKH/filings
From the most recent filing and OTCmarkets update it is also confirmed that the OS as of November 10, 2017 is an astounding 25,291,838:
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12378885
https://www.otcmarkets.com/stock/ASKH/profile
We can also see that there are hardly any notes to be sold from looking at the most recent filing. Now, the only shares being sold are by the acquisition company that is owned by the CEO. This is most likely to pay for all of the filings and merger developments. The share issuances are TINY if one looks at the transactions:
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12378885
Even MORE interestingly, at near the time of the email response from the CEO, VNDM has hardly came down from the 0.02 ask and if he does he only has around 10K shares to sell... Further indication that the merger funding is pretty much complete!
Now, how do we know that this is the same merger that started in 2015?
We can see that back in 2015 this HUGE $80MILLION+ REVENUE per year textile company was to be merged into ASKH:
http://nantongglobalventures.com/astika-holdings-inc-relaunches-its-corporate-direction/#13
At $VMNT, Blackchain Technology technology is the focus in their investment and acquisition plans from this point forward.
$TMXN 0094 green here, thin to a new high of day
Vemanti Group, Inc. ($VMNT) is a technology-driven holding company that seeks to be active in high-growth and emerging markets.
$TMXN on Shark Tank ~ Hugo & Barbara Saavedra on the Barbara Corcoran Deal
FAGI .09 Its real, $286,000,000 Deal, $11.00 PPS
$MCOA (Newsfile Corp. - November 30, 2017) - MARIJUANA COMPANY OF AMERICA INC. (OTC: MCOA) ("MCOA" or the "Company"), an innovative hemp and cannabis company, is pleased to announce that it has partnered with the founders of HoneyB Healthy Living to develop Convenient Hemp Mart, LLC's "BeniHemp" branded products targeting convenience stores for CBD product distribution. MCOA has invested $100,000 into the start-up project for a 25% equity stake.
BeniHemp products includes topicals, tinctures and edibles conveniently packaged in 1-day, 2-day and 30-day supplies. The target markets are convenience stores, smoke shops, gas stations and similar types of small retail businesses where CBD commerce has significant potential to generate sales from the impulse buyer at the register.
Convenient Hemp Mart is in the process of developing unique sample sized packaging for consumers to try its BeniHemp products. When customers have a positive experience with BeniHemp sample products, they will then be able to purchase a monthly supply and sign up for auto ship online. Store owners will continue to generate additional revenue without the burden of managing inventory and shelf space.
MCOA Chief Executive Officer Donald Steinberg observed: "The BeniHemp model is attractive to convenience store operators, who understand the value of selling sample sized packages of CBD products that will ultimately generate online sales for monthly orders where they can generate revenues from sales they never see or have to manage. We believe this is an attractive model for small retail business owners looking for every opportunity to tap into the rapidly emerging CBD market to generate additional revenue. We have high expectations for what the experienced HoneyB team can accomplish."
HoneyB Healthy Living and Convenient Hemp Mart are working with MCOA and Space Cowboys, Inc. in Loveland and Longmont Colorado to establish a secure and consistent supply of quality cannabinoids to fulfill demand for current and future product development and distribution.
$TMXN ~ Check out the Facebook page Great reviews ~ https://www.facebook.com/saavynaturals
OMHE_has_(1)R&D_Biotech_Lab_(2)Scientists_(3)MMJ_License_(4)Developed_Cannabinoid_based_Medicine
Status, as of Nov 2017
(1) Specialty Pharmaceuticals –----------------- Completed - Click here to see proof
(2) Anti-Aging Brands –---------------------------- Completed - Click here to see proof
(3) Therapeutic Cannabis Products –---------- Completed - Click here to see proof
(4) Licensed Medical Marijuana Cultivation – INPROGRESS – WILL BE ANNOUNCED SOON
Most of the R&D companies are in their initial stages of Cannabinoid_based Therapy & Medicine development. OMHE's researchers are best among all and OMHE's work is in advanced (final) stages.
Link To The News
PZOO .0006 +67%, The sale was based on an enterprise value of MA & Associates LLC of $2,176,810. The purchase price for the purchased interest was $1,523,767, of which $492,227.30 was paid in the form of cash and $1,031,539.70 in the form of the retirement of outstanding loans, including accrued interest, made by Mark Sarna to the Company.
$PLG .3559 + 0.0125 (3.64%)
$KNDI >>>>> GOING GANGBUSTERS!!!!!
$GEVO "Gevo has been producing and selling its patented alcohol-to-jet fuel (ATJ) derived from isobutanol since 2011. Gevo is working toward further commercializing its patented ATJ, which is a clean burning, homegrown, drop-in jet fuel that has the potential to deliver aviation biofuels at scale and at competitive cost. Fossil-based jet fuel is one of the largest expenses for airlines. Gevos ATJ is expected to help reduce the airline industry.s carbon footprint and help control fuel costs."
http://www.gevo.com/our-markets/jet-fuel/
$PPPMF San Dimas Experiences Ramp-Up Delay: While the San Dimas mine has experienced a recent improvement in operations, it has not seen the full step increase in productivity that underpinned the 2017 restart plan. Further, the Company has had to restrict capital spending due to current liquidity constraints and has reduced both development and exploration expenditures. As a result, the Company has lowered its 2017 San Dimas production guidance to between 75,000 and 85,000 gold equivalent ounces1 at total cash costs2 of between $800 and $900 per gold equivalent ounce with all-in sustaining costs3 ("AISC") increasing to $1,050 to $1,150 per gold ounce.
$GEVO Buy rating reiterated by stock analysts at HC Wainwright. They presently have a $12.00 price target on the energy companys stock.
$KNDI Kandi JV Company Expands Efforts to Attract Renewable Energy Industry Talent https://globenewswire.com/news-release/2017/09/29/1134892/0/en/Kandi-JV-Company-Expands-Efforts-to-Attract-Renewable-Energy-Industry-Talent.html
$TMXN The Home Shopping Network sells $TMXN's Products!
https://www.hsn.com/products/saavy-naturals-yuzu-and-meyer-lemon-3-piece-set/8271057?rdr=1&sourceid=youtube&cm_mmc=Social-_-Youtube-_-ProductVideo-_-091048
Huge bitcoin news for $VMNT! On watch! Vemanti Group Invests in Bitcoin and Cryptocurrencies
https://finance.yahoo.com/news/vemanti-group-invests-bitcoin-cryptocurrencies-133000910.html
Walmart Approves $TMXN's Products!
The next news could be how much the first Purchase Order is for...
https://finance.yahoo.com/news/trimax-corporation-saavy-naturals-inc-133000165.html
PZOO .0005 +67%, HUGE 8-K >> Item 2.01 Completion of Acquisition or Disposition of Assets.
On November 22, 2017, Pazoo, Inc. (the "Company"), pursuant to a certain Limited Liability Company Membership Interest Purchase Agreement (the "Agreement"), sold a seventy percent (70%) Membership Interest in its wholly owned subsidiary MA & Associates LLC to MA Analytics, LLC, an entity owned and managed by Mark Sarna, a lender to the Company. The sale was based on an enterprise value of MA & Associates LLC of $2,176,810. The purchase price for the purchased interest was $1,523,767, of which $492,227.30 was paid in the form of cash and $1,031,539.70 in the form of the retirement of outstanding loans, including accrued interest, made by Mark Sarna to the Company. The Agreement also provides that MA Analytics, LLC has the option, exercisable over the next 18 months, to purchase an additional 10 percent (10%) Membership Interest in MA & Associates LLC at a 4% to 10% valuation premium depending on when the Las Vegas, Nevada testing laboratory opens. Before any distributions are made to the members of MA & Associates, LLC, certain existing loans made by Mark Sarna to the Company and MA & Associates LLC, presently totaling approximately $461,000 in principal and accrued interest, will be repaid; thereafter, certain of the remaining non-convertible loans made by Mark Sarna and/or associated lenders to the Company, in the approximate amount of $304,000, may, at the discretion of MA Analytics, LLC, be repaid out of the Company's thirty percent (30%) profit participation interest. The foregoing description of the Agreement does not purport to be complete and is subject to and qualified in its entirety by reference to the full text of the Agreement, a copy of which is attached hereto as Exhibit 2.1 and is incorporated herein by reference.
$WCTXF traded on big volume yesterday, investors are taking interest in the stock.
https://finance.yahoo.com/news/lico-energy-metals-intersects-7-130000201.html
$TMXN ~ Hemp Takes Off in $10+ Billion Skin Care Market -- CFN Media
https://finance.yahoo.com/news/hemp-takes-off-10-billion-131500851.html
$MCOA is a corporation engaged in business including, but not limited to: (1) product research and development of legal hemp-based consumer products containing CBD under the brand name "hempSMART™", that targets general health and well-being; (2) an affiliate marketing program to promote and sell its legal hemp-based consumer products containing CBD; (3) leasing of real property to separate business entities engaged in the growth and sale of cannabis in those states and jurisdictions where cannabis has been legalized and properly regulated for medicinal and recreations use; and, (4) the expansion of its business into ancillary areas of the legalized cannabis and hemp industry, as the legalized markets and opportunities in this segment mature and develop.
https://finance.yahoo.com/news/marijuana-company-america-partners-honeyb-133000690.html
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