Rich Pharmaceuticals Inc. (fka RCHA)

[ospreyeye]

Warning - gross analogy - Exactly - will history repeat? - only time will tell - the falling wedge & sideways trend has built up serious pressure on the charts - paying homage to my teenage son $EYE will use a zit analogy - like a pimple or a zit the pressure builds as the skin is pushed to it's limits - the pain is at it's most unbearable point right before the zit breaks/pops - when the zit breaks the pressure is relieved and the fluid explodes -

Same thing w/ a chart - the pressure builds on the chart as the share price consolidates - the longer the consolidation the more pressure and the more pain - the charts get squeezed like a zit to a point where the pressure breaks and the shares price pops - many times when the pressure is extreme like the $RCHA chart the share price will explode once the dam/pore is opened -

Is charting an exact science or skill? - no - but what you will find like most things in life history does tend to repeat in the stock market - by knowing where a stock has been you can get a good idea of where a stock is headed - as always news or fundamental developments can trump the charts - w/out having superior knowledge of the company the charts are the best way to judge the future direction of share price movement IMO -