Petlife Pharmaceuticals Inc. (PTLF)

[Dr PennyStock]

EVGI annotated weekly chart including supports and resistances.


Very important to understand how to read charts: previous supports become resistances, and, previous resistances become supports.


Supports and positive points are signaled with green, resistances and negative points are signaled with red.


Supports: .0725(a previous support, the horizontal dashed green line, and, also a possible trend line, the ascending dashed green line), .05(the ascending trend line), and, .024(a previous support, the bottom).


Resistances: .13(previous support and resistance, the first horizontal dashed red line), .30(previous support and resistance point, the second horizontal dashed red line), .50 - .53(previous resistance, the third horizontal dashed red line), and, 1.01(previous support, now resistance, the horizontal red line).


Positive points:

- The RSI is turning up, still much room to run until 90, enough for a run to 1.00.

- The volume in the last two weeks increased much, it means strong buy pressure.

- The +DI is turning up, with the -DI turning down, it means the stock will run, and, still has much room to run.

- The stock is trending up, the trend is strong, because the volume is also very high, and, as you can see, the stock could run to .53 without great effort.


Negative points: Only the PAR SAR, that needs to be broken, today at .1377, but, I think it will not be a problem.


Weekly chart