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Can you say Reddit? Penny stocks have been one of their latest targets. Blow off top is in motion, just don't get stuck here like I did here more than 2 years ago when cannabis stocks fell back out of favor. All I know is I never ever expected this and really don't care why it's rising if it allows me to get out of my position that has been underwater for more than two years. Saw green for the first time today and hope it keeps screaming higher.
What will happen next? R.S.?
Yeah one wonders how many brown envelopes he's being handed from big Pharma. They are the ones that do NOT want legal medicinal cannabis as they can't patent it and gouge the public with exorbitant prices.
"Something is brewing"
I was thinking the same thing given the dramatic increase in the number of Trolls recently. They usually show up in force ahead of something good in an attempt to shake the weaker longs.
Well my thoughts FWIW are that I'm sure I read somewhere that SFOR or Kay or someone had indicated they would not be launching any new lawsuits until the current ones were settled or dealt with. If so, the announcement of the four new ones should have been a clue, that there may be a high probabilty that the existing suits HAVE been settled or dealt with and that the reason for the delay in news is as a result of having to iron out any and all legal details before officially making the announcement? I believe therefore it is! A little bit of drunken Shiraz prophecy for ya! Haha!
The levels I'm watching on the chart and why? I'm watching our original .0094¢ big breakout where we finally busted the penny level which was the first close above since last October. You can see that price tried to come back and touch that level but just didn't quite make it. That is where I have my first small order in to replace what I sold above .02¢. And I am also watching the lower longer term trend line. If prices moves sideways or consolidates for a bit we could see the lower trend line and the .0094¢ line converge.
SFOR Daily Support
Remember for every seller there is a buyer so someone is buying.
I use the standard 14 period on a daily chart.
RSI is at 39 and not considered oversold until below 30.
Old news dude.
Ubiquitech First Quarter 2017 Revenues Increase 58%, Net Income Increases In Excess of 325%
Marketwired MarketwiredApril 17, 2017Comment
DENVER, CO--(Marketwired - Apr 17, 2017) - Ubiquitech Software Corp. ( OTC PINK : UBQU ), through its operating subsidiary HempLifeToday.com, today announced its first quarter 2017 financial results. Revenues for the quarter increased to $1,103,766 from $697,640 from the prior year period, and earnings increased to $113,929 from $34,350 during the first quarter of 2016.
The company credits continued awareness of the benefits of CBD oil derived from hemp, increased exposure and demand for its USA grown and formulated CannazALLโข brand hemp CBD products, new product offerings, strong Internet presence, superior customer service, and the implementation of its Rapid Ship program for the increase in sales and profits. The company anticipates continued sales increases along this trend-line for the balance of 2017.
"We are continuing to see an explosion in the awareness and acceptance of the benefits of CBD as a whole," said James Ballas, CEO. "As word about the quality and effectiveness of our products continues to spread, our CannazALLโข brand is rapidly becoming the CBD oil nutraceutical of choice and we are doing everything necessary to benefit from this awareness and continue our quarterly growth."
*Complete quarterly financial results for the company will be posted to OTCMarkets.com later today.
About HempLife Todayโข
Hemp Life Todayโข was created by a group of highly motivated, skilled and health minded people. Who have learned that Hemp, and Hemp related products, can be a great source of increased health, vitality, and overall wellbeing in our lives. We also believe that high grade CBD (Canabidiol), could very well be the miracle supplement the world has been waiting for as more and more people discover the health benefits of this remarkable extract. hempLife Todayโข offers its quality CBD products @ www.HempLifeToday.com
About Ubiquitech
Ubiquitech Software Corp, through its subsidiaries is a dynamic multi-media, multi-faceted corporation utilizing state-of-the-art global internet marketing, Direct Response (DRTV) Television, Radio, and traditional marketing, to drive traffic to the new and emerging multi-billion dollar industries like its subsidiary HempLifeTodayโข. HempLifeTodayโข focuses on the exciting and dynamic new thinking in the world today that recognizes the important health and life enriching enhancement that CBD Oil from the Hemp plant can bring. Through its network of quality USA growers HempLifeToday.comโข has developed multiple and proprietary CannazALLโข CBD oil products that include; It's popular CBD Tinctures, Oils, GelCaps, CBD Powder, Skin Salve, Wax Honey, and e-liquid, all offered @ www.HempLifeToday.com
This press release contains forward-looking statements. Words such as "expects", "intends'', "believes'', and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, the ability to secure additional sources of finance, the ability to reduce operating expenses, and other factors described in the Company's filings with the OTC Markets Group. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward- looking statements in order to reflect events or circumstances that may arise after the date of this release.
Chart still looks good and is not even close to being broken. As you can see we fell today and retested both the upper down trend line and the breakout level at .015¢ and not only held but also got a decent bounce from both those lines as support. Didn't quite make the 61.8% Fibonacci level at .0132¢ and managed a close above the 50% at .0163¢. And our overbought RSI has dropped from our high near 85 to currently sit at 45 so lot's of room to move back up again.
An opportunity today for shorts to cover and weak hands to bail IMO. The increase in the number of trolls with their trash talk recently speaks volumes too.
SFOR Daily chart
Yes they sell great stuff.
Here's a couple of links that can explain it better.
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:flag_pennant_continuation
http://www.investopedia.com/university/charts/charts6.asp
In this link you'll see a flag and pennant explained and we just so happen to have one of each on this most move higher. After our first breakout through the .0094¢ we painted a perfect bullish continuation flag and on the second breakout just below .02¢ we have now painted a perfect pennant flag. We could see another few days where that range tightens even more or we could het the breakout either up or down. Generally the move is a continuation of the previous trend which for us is up right now.
SFOR Bullish Flags
Prime Minister Trudeau has stated it will be legal by Canada Day July 1st 2018.
Chart still looks great here. RSI was getting overbought so a pause to work that off is healthy and in the process we have formed a nice big Bull flag just waiting for the catalyst for the next move higher.
And the 38.2%, 50% and 61.8% Fibonacci levels are all inline with previous breakout levels and good entry levels if we see them IMO
SFOR daily chart
Bigger Picture chart showing a Symmetrical Triangle.
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:symmetrical_triangle_continuation
Symmetrical Triangle chart
Updated chart looks good to me technically as although that .024¢ has been a line the sand the A/C, Momentum and Money Flow all continue to rise and IMO this is coiling and a breakout is coming.
UBQU daily chart
Yep, Amazon has never made money and yet the stock hit an ATH this week of $923? Huh?
Yes and I would even question the validity of those numbers as I don't call it the BLS BS for nothing. It should also be noted the both the previous months juiced numbers as is so often the case were revised lower.
Worse, both prior months were revised lower. The change in total nonfarm payroll employment for January was revised down from +238,000 to +216,000, and the change for February was revised down from +235,000 to +219,000. With these revisions, employment gains in January and February combined were 38,000 less than previously reported.
Jeff Bezo's? Have you looked at Amazon's Financials? Speaking of loses, how is it that this company that has consistently lost money every year worth over $900/share and hitting new ATH's today?
Updated chart as we approach .025. Once that level is taken out there really isn't anything to go on further back in the charts aside from the RS's which I wouldn't even count. Company has come of age and is making more rapid progress as it's day has finally arrived. These guys were well ahead of their time and had to wait for everyone to wake up and catch up from a Cyber Security standpoint.
As stated once we take out .025 we are in uncharted territory as far as the charts goes that is where Leonardo Pisano Bigollo, beter know as Fibonacci, comes in.
The next stop according to Fibonacci would be .0385¢
SFOR Fibonacci Chart
Iceberg order. It's sold in smaller chunks and hides the size of the whole order, showing only the smaller blocks.
Iceberg Order Explanation
I should have been more specific in that I was speaking of a dry herb vaporizer. I would never do a E-Gig ot that type of vaping and am even skeptical of the liquid vaporizers for cannabis, especially the flavored ones. My buddy has a pen and it has a nice Welch's grape flavor to it. Edibles would, without a doubt, be the safest method IMO. But the effects or high from what I understand are different. Edibles are more body whereas smoked or vaped more cerebral? Given I have never used an edible though makes me unqualified to speak to it, aside from hearsay.
That'a why vaporizer came along. Much better.
Cup and Handle Chart and interestingly enough the target of a breakout through the .0194¢ level would be .0358¢
SFOR C & H
A little less than the target of the Symmetrical Triangle I posted here. I like the Triangle target more.
SFOR Symmetrical Triangle
I stand corrected. So the formula would be high .025¢ - low .003¢ = .022 + breakout .016¢ = .038¢
That said in all the madness and manipulation there is still some order that can be seen in the charts. They tell a story and if you know what you are looking for you can often predict the future. Charting is not a perfect science, nor is it meant to be. That's what stops are for. It's about probabilities. As the old saying goes. "history never repeats itself but it rhymes". And that's what charts are. They're nothing but a history. But they are more than that. They are a history of human emotion. The emotions of greed and fear. Greed while price is skyrocketing like the current daily record highs in the broad markets and fear when price is in free-fall ala 2007/08 sub-prime crisis
But in those charts of emotion, as stated, is order.
All the pieces of the puzzle are there and available to all those willing enough to take the time to look and fit all the pieces of the puzzle together in just right. And in doing so, seeing the whole or complete picture. And the order found in that Human emotion, believe it or not, has a relationship to Geometry, Math (Fibonacci) and lines. As the chart below shows. You can see that at each of the Fibonacci levels price pauses, retraces and then moves higher to test the next level.
You can see that we popped through the 50% level at .0114¢ before pausing and then last week we just kissed the 38.2% level and our next level at 23.6% see price at .0198. Perfectly in line with a previous high set back in Oct, '16 and a good place to pay off a little of my investment.
With this being my first foray into OTC and sub penny and having a buddy with 35+ years of TSX venture stock experience looking at me and going like....ahhhhummm..okay. I hope that works out for ya.
And me going like, "Dude, you just watch. This is my ace in the hole. If not my retirement, at the very least it's the mortgage on the house.." Which works just F.I.N.E fine for me.
Oh and have a look at that -61.8% Fibonacci level once we break the .025¢ level.
A magical .0385¢. Where have we seen that number before? .025¢ - .003¢ = .022¢ +.016¢ = .038¢. The target if we get a breakout of the Symmetrical triangle I pointed out earlier.
Wow! Coincidence or what.
SFOR Fibonacci
What I look for on these types of patterns is a nice solid breakout through that trendline on some big volume just like we saw when we broke through .0094¢ on this chart;
.0094¢
And after a good solid breakout like that on heavy volume it is completely normal and healthy to have a pause that is often followed by a decline in both price and volume that often sees price return back down to that trendline to test it as support. These provide excellent entry zone opportunities to jump in or add to existing positions.
We should see a similar pattern to the classic bull flag we just painted on the breakout through .0094¢. Price paused and fell lower over the following four days creating a beautiful flag and as suspected the subsequent continuation higher. Price was not even able to get back down to test the .0094¢ breakout line as support. That is Bullish!
Bullflag
Breakout/Continuation
I'm looking at the perfect wedge or symmetrical triangle pattern that would give a target of .04097¢ or rounded off at .05¢. Ideally we want to see that breakout on massive volume as we did on the breakout through .0094¢ resistance.
Symmetrical Triangles: Trading Tips
Trading Tactic Explanation
Measure rule:Compute the height from the highest peak (point A in The Measure Rule figure to the right) to the lowest valley in the pattern (B) then multiply it by the above โpercentage meeting price target.โ Add it (upward breakouts) or subtract it (downward breakouts) from the breakout price. The breakout price is the point at which price pierces the trendline. The figure shows an upward breakout with target price C.
Breakout volume Patterns with heavy breakout volume (above the 30-day average) do better.
Yearly low:Triangles with breakouts within a third of the yearly low perform best.
Trend start:Triangles perform best post breakout when they appear at the start of trends.
Throwbacks and pullbacks:Throwbacks and pullbacks hurt post breakout performance.
SFOR Symmetrical Triangle
Perfect chart pattern so far. Breakouts through .0075¢ late Feb. with a spike and subsequent drop back down to test that level as support and then consolidation and a new resistance level at .0094¢ which we took out on massive volume on 3/15 and 3/16 followed by a bull flag working off some overbought conditions and subsequent rally to new highs the last two days on slightly rising volume. Technically the chart, as others have pointed out, is looking real good here.
SFOR Daily
Hope he's wrong about this part.
" and for an investor that is willing to stomach some of the inevitable dilution weโre likely to see as the company pushes to fund its legal proceedings, |"
Mark must get swamped with emails. The fact that he takes time to respond speaks volumes.
Patience is all the is required here. After an almost 100% move over two days on the breakout through .0094¢ a rest is warranted. Right now the charts is forming a Bull Pennant/flag which is completely normal after a huge move like we just had. Patience Grasshopper, patience. Good things come to those who wait.
SFOR Bull Flag Formation
Bullish Flag Formation Signaling A Move Higher
Just my 02¢ FWIW.
Conservative entries are noted on the chart. If the MM's are seller's of last resort on this move they vary rarely lose as I stated. They want to draw in fresh longs and then will try to force them to capitulate on any significant move lower. Of course news, settlements etc can alter this. But as an example just look at the move last September (not on this chart) that took the price to .025¢, It took them a little over one month to get that back down to the breakout level and by December the 19th they had price all the way down to the low of .003¢.
A lot of retail would have chased that price all the way up to .025¢ because that is what retail does and I would venture to say that those that overextended themselves expecting a moonshot got caught off guard and may have been forced to liquidate on the way back down if they were on margin or otherwise weren't in a financial position to hold out. Because that's what happens to retail traders that don't have the ability to move price like the MM's do.
Don't get me wrong I am not trying to throw cold water on what we are holding here, just adding some realism. Like I said though, settlements, good financials, or even a buyout could change all that.
Personally I have not added anymore to my position because I was holding out at .007¢ which we never managed to get back to. And I am okay with that. But I am also torn between taking some profits here just in case we do retrace which would give the opportunity to reload with those profits banked vs hoping that the news comes and we don't look back. That is the joy of trading and as I've mentioned before I can't count the number of times when I knew I should have sold because a correction was likely imminent and I would be able to buy back at lower levels with money now in the bank.
SFOR Re-entry
Okay in that light sure. I mean my thought was he has Youtube channel and I'm sure the more subscriptions he can get the better opportunity he has to make some coin from it. I've thought of it myself. For one thing all the video's of his that I have watched use a 30 min. chart. That might work on Apple or some other higher volatility stock if you're day trading. But for a stock like this I am still looking for a pattern. Sure we are trading in 1/10ths of a penny but the chart still plays the same. If you noticed, though, in the couple of charts I've posted they are bigger picture. I'm looking at the longer term picture, at least with a stock like this.
I hope I am not offending anyone here by posting my charts, aside from the Trolls. Thank god for Ignore Buttons
I am not pushing anything other than offering a technical perspective of where I think we are on the chart and where we MAY be going price wise. All for educational purpose of course. Some people are not TA or chart savvy so often appreciate those willing to take the time to post charts with some analysis. There is a fair bit of time that goes into it. I do it because I enjoy it and when I'm right it reinforces my confidence that I am understanding charts and analysis and when I'm wrong, no worries, it's not a perfect science and that's what stops are for and a disciplined trading strategy. Plan the Trade and Trade the Plan.
Drove through the top of that rising wedge today like a hot knife through butter. The Force has been coiling STRIKEing higher lows off its .003¢ bottom while being compressed at .0075¢. That spring wound ever so tighter from last October's lows until we finally breached it in mid February where we had three daily closes at or above .008¢. Over the course of the next three days price rocketed to new highs of .0117 where it immediately stalled and over the next four days dropped down to kiss our rising trend line at .007¢ before settling right above .008¢ as support and the battle became .0094¢. And after after 9 longs days of accumulation the rumored and anticipated news indeed came today, and then this happened!
LIFT-OFF
And we have LIFT-OFF, Liftoff of the SpaceX Falcon 9 carrying a state of the art communications satellite featuring StrikeForce's patented cyber security onboard.
Price blew through that .0094¢ overhead resistance today on almost 53 million shares of rocket fuel! With a solid extended range green candle and a close almost at the high.
SFOR Chart
I'm not sure how long you have been watching Clay Bionic Man, but the several videos I've watched of Clay's since last October's .003¢ low have basically been showing the upward trend of higher highs with the .007¢ resistance and then the breakout and how price often falls back to that breakout level to test it as support. SFOR has performed rather Technically perfect on this rise from .003¢ and as I said the several video's I have watched were rather spot on in the calls. As I stated in another post TA in not a perfect science, it's about probabilities and odds based on past history and a lot of math.
You also turned me onto Clay's Youtube charting by sending me some links. And he is very good at what he's showing, makes and precise about what could happen, what to look for as bullishness or bearishness. He makes it clear that it's not a perfect science even though there is a lot of science involved or rather mathematics.
I love charting too and will never pass on watching another's take of what they are seeing technically on a chart. What Technical indicators do they use vs what I like to use, channels, trend lines and trends. A classical Ascending Wedge pattern as in the case of SFOR. Knowledge is wealth man and I'll never turn down the opportunity to glean anything from someone else's knowledge if they are willing to share.
The day you think you got it all figured out is the day you are in T.R.O.U.B.L.E.
JMHO
Thanks for that Gold49er. And if I understand what some of the others have said the lawyers representing Strikeforce also drafted and obtained the patents so as was stated, "They know them inside out".