$PFWI Watching from a distance, just enjoying the ride. No need to cover what everybody knows. But just wanted to document some notes from today's action for those less inclined.
Not only did we break through two key levels of resistance today at .0035 and .0043, we closed above them on large volume. Additionally, volume has increased steadily over recent trading which brings additional eyes and in this instance, also means more money flow in.
Expect a few bumps at the .0058 level, but relatively light resistance compared to what we saw today which means clear sailing to .007+.
.0084 is your next key resistance after .0058 because of the effects of the previous run through .007. All roads lead through .0084. i.e. .01, .014, .03-.05 etc... If .0084 doesn't break, you have your answer on the extent of the run, no exceptions. People that talk about consolidation when a key resistance doesn't break simply don't know what they are talking about or are deliberately leading you down the bagholding road by playing with your imagination.
RSI is currently at 57.67 which is uniquely perfect in this situation. Yesterday and today's action was quite impressive. $PFWI built considerable legs for this thing to run massively tomorrow and perhaps Friday.
PSAR flipping on the weekly is an exponentially huge indicator that has led to some of my biggest winners. Doesn't happen very often which is why it is uniquely good. Watch closely here. Could see a huge volume boost to chase after that indicator catalyst alone.
Accumulation over the last two days was/is extreme. Despite being a lagging indicator, it always precedes both larger volume and extreme share price appreciation. The price will NEVER go up extremely when the indicator is moving down. As accumulation and volume increases this is preface to much larger volume days and greater Share price appreciations.
Do not use an hourly chart to determine gap analysis. These DO NOT apply relative to the long term trend. A very common but deadly mistake with respect to analysis accuracy
A gap of 1 tick is still a gap. No exceptions. It does not mean it will fill and it does not mean it will fill immediately. It can take days and/or months for a gap to fill. The larger the gap, the more likely the chance it will fill. In this case, it is marginal at best. More chance it is a breakaway gap leading to much higher prices. (cents)
This company still has roughly 400k of debt to clear in January. But if the price is at multiple cents, it lessens the effects of those conversions both in shares issued and converted as well as price depreciation. This could lead to a huge debt free catalyst announcement mid term. This is dependant on the company NOT announcing a different financing deal as they have indicated they are likely to do by the 26th.
MJ update is still available/pending
Q3 financials come out by 15 November- we can expect much larger numbers as indicated by recent PRs/filings
IMO this is what going 0 to hero feels like. Thankfully I get to experience it frequently :)
Be well
SOG
Trade OTC's with charts, INVEST in big board stocks on fundamentals. Don't confuse the two!
