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Tuesday, June 07, 2016 11:31:33 PM
What a beautiful setup we have!
We have a triple golden cross... 50ma crossed the 100ma, 50ma crossed the 200ma and recently the 100ma crossed the 200ma. All of these were fairly sharp crosses, in fact. This ONLY occurs when a company is SOLID. In fact, this is a signal of sharp and sustainable value growth. This NEVER occurs for a P&D stock.
We've been bouncing between the 50ma and 100ma, postured to break out, on VERY LOW volume - no selling to speak of, majority of longs holding shares, effectively locking the float! A close above the 50ma signals a breakout.
With the upcoming news/PRs/filings, any one could break through for a close above the 50ma (at .0050ish). That should trigger a climb to break resistance levels above and then looking at blue sky!
Not only that, but for chartists - look at the cup-and-handle formation. Following the cup-and-handle continuation pattern, we should expect a climb to at least 0.0115 on the next leg of the price growth continuation. This just means that we should climb to 0.0115 before any threat of consolidation (before the next leg). But fundamentals always trump technicals so, if Jan goes about punching through walls and knocking down doors, we could climb much higher before any profit-taking.
Brace yourselves - know what you own and don't separate yourself from a winner, don't let them go cheaply in the coming months!
LOW VOLUME holding sideways trading, bounce from 100ma through 50ma imminent for breakout through resistance and to blue sky:
Triple Golden Cross & Cup-and-Handle Continuation Pattern:
We have a triple golden cross... 50ma crossed the 100ma, 50ma crossed the 200ma and recently the 100ma crossed the 200ma. All of these were fairly sharp crosses, in fact. This ONLY occurs when a company is SOLID. In fact, this is a signal of sharp and sustainable value growth. This NEVER occurs for a P&D stock.
We've been bouncing between the 50ma and 100ma, postured to break out, on VERY LOW volume - no selling to speak of, majority of longs holding shares, effectively locking the float! A close above the 50ma signals a breakout.
With the upcoming news/PRs/filings, any one could break through for a close above the 50ma (at .0050ish). That should trigger a climb to break resistance levels above and then looking at blue sky!
Not only that, but for chartists - look at the cup-and-handle formation. Following the cup-and-handle continuation pattern, we should expect a climb to at least 0.0115 on the next leg of the price growth continuation. This just means that we should climb to 0.0115 before any threat of consolidation (before the next leg). But fundamentals always trump technicals so, if Jan goes about punching through walls and knocking down doors, we could climb much higher before any profit-taking.
Brace yourselves - know what you own and don't separate yourself from a winner, don't let them go cheaply in the coming months!
LOW VOLUME holding sideways trading, bounce from 100ma through 50ma imminent for breakout through resistance and to blue sky:
Triple Golden Cross & Cup-and-Handle Continuation Pattern:
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