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Closing above .12c will be very positive as I told you earlier . Up trend will continue !
Gap up to .12? short squeeze coming
If we can have a positive day today and close above .12c that would be good.
Where are we going tomorrow down to .10c or lower ?
It's not a good day today but still allot of volume and I really think we should rebound and go higher we will see what happen later this week .
.12c is a good support at 50DMA up from here !
I am adding .
500,700 shares purchase order at 11:02 at .1331 we are going green at the end of the day . That should tell you everything !!!!
Big gap up coming in the am . Open .20-22
$2 would be good for me :)))
Yes .41 :))))
Once we break .295-.30 level we are going fast to $41 which is next resistance 100DMA after that open waters and nobody knows how high this can go . Buy and hold fir sure now
So if you apply this rule to MDBX recent trading it went up from .5 to .29 total gain is .24
50% of that is .12 Now .29-.12=.17 that's where it closed on Friday !
We are going higher next week .
You want to know what happened on Friday ? This is where it's going !
The Secret is Not So Secret After All — Just Trade the Trend!
Bottom line, you always want to trade in the direction of the trend. And a trend is obviously a series of zig-zags. These zig-zags move in the direction of the trend and then retrace before continuing in that same direction. (Like I said, it’s technical analysis 101.)
The 50% Retracement Rule
While secondary parameters are set at 33% and 66% (as outlined in the chart above), the most-common percentage retracement before resumption is the (approximately) 50% retracement.
I know, this might sound absolutely crazy if this is your first time hearing it, but if you look at a bunch of stock or index charts after reading this article and apply these percentage retracement principles, you’ll be absolutely amazed!
Two Steps Forward, One Step Back
The way that traders use this application, for example, would be to look for approximately a 5-point retracement after a stock advances by 10 points from a low to a new high (because 5 points is 50% of the 10-point gain).
So, when a stock trades 10 points higher from $15 to $25 and then reverses lower, traders would look for support around $20.
Again, this is certainly not a strict rule, and the secondary parameters wouldn’t have been set near 33% and 66% if it were. In fact, other theories set retracement parameters around 62% and 38%, while maintaining the 50% point as the average retracement.
Secondary Parameters
When it comes to retracements, 66% is a critical area. For instance, in the case of an uptrend, if a stock advances higher, and then retraces 66% of the recent move and starts to bounce higher again, it’s considered to be a relatively low-risk buying opportunity.
But if the 66% retracement area is violated (if the stock retraces by more than 66%), a reversal of the prior uptrend is very likely.
This is also true in the case of a downtrend, so listen up if you are looking for a good place to enter bearish positions to take advantage of the next downtrend in the general stock market. (Learn How to Pick the Right Put Option.)
If a downtrending stock retraces about 66% of the recent decline and begins to resume its downtrend, that area is a good place to sell short the stock or buy put options. If the downtrending stock retraces more than 66% of the recent decline, then the downtrend is likely to reverse to an uptrend.
In ‘Support’ of Trading on Retracements
Let’s take a look at how to find retracements, which can serve as fantastic buying opportunities.
The stock moves from about $2.20 to about $3.50 (not counting intraday movements). This is a $1.30 advance, half of which is 65 cents. The stock retraced by about 60 cents. (This retracement also coincided with the gap higher, which tends to act as the new support level.)
The stock then moves from about $2.90 to $3.25 (a 35-cent move). Fifty percent of that is 17.5 cents. The stock retraced by nearly that amount before moving higher.
Then focus on the blue box. You can see that after a 50% pullback, the stock gapped even lower, and the trend reversed from an uptrend to a downtrend.
Between August and September, the stock traded from about $2.60 to $3.20 (a 60-cent move), followed by a retracement of about 30 cents.
Then, if you check out the blue line, the intermediate move was from $2.90 to about $4.20 (a $1.30 move), followed by a retracement of nearly 65 cents.
If you look at many of the short-term retracements and resumptions within the intermediate move (blue line), you’ll see similar action.
This chart happens to have lots of 50% retracements. But remember the secondary parameters, and try to match them with past established support or resistance levels to estimate retracements.
I agree with you . If you think about it MDBX was recently at $2 and it can go back up the same way it went down and twice as fast
Up 200% fir the week . Friday selling is normal look at vume in 3 days we traded 50+Million shares monster volume . Friday .13 c held . I think we should go up next week to .20-25c level
That was good closing !!!! Up we go on Monday !
Ok thanks
Question for experience traders or investors . Let say person got a very big position in this stock and he don't want for price to crush when he decides to sell how would you go about that selling small amount every day ?
Opening price tomorrow make your call
.33-35c tomorrow :)
We can close at .28+ today
Dead cat bounce?????? On trading 20m shares 2 days I don't think you are correct this is going up !!!! .42. Is next stop
Agree this could easy go to .50c+ next week
They just purchased land in CO will be growing on it and should be nice revenue just from that .
The way it went through 50DMA today is very impressive and I don't think it's going down tomorrow even after initial gap up . I think we are going higher and possible test of 100DMA at .42 c good luck to all and good night !
Yes he is out . You should get back in while price is really low .
Look at the amount of shares I think they done !
Post your opinions about the open price tomorrow .
I think that big seller is done today trade was for very strange amount of shares
2,458,800 at 4:01pm as before it was always round number like 200,000 or 500,000 or lately 1.5m
Amazing look at that volume on up day !!!!
Now that we at 50DMA I think we should close around .135 today maybe even .14c good luck to all !
Maybe we can test .13c today which is 50DMA . I think it's possible .
.13c is 50DMA if he can break that in next 2-3 days that would be nice and I think a new up trend . That would be first time this year that we tested 50dMA
Is it possible that we have a bottom ?
What deal ???
Are you adding to your position ? I am !!!
What's your cost average ?
That land purchase will be game changer in my opinion for MDBX. !!!!!!
DENVER - New numbers confirm what many of us already know: Colorado's pot industry is growing like a… well, you know.
Tax revenues from marijuana are up nearly 100 percent.
County by county, new numbers from the Colorado Department of Revenue tell the tale.
In Denver County, revenue jumped from $954,000 in May 2014 to $1.5 million in May 2015.
In Boulder County, revenues jumped from $194,000 to $366,000 over the same period. Jefferson County saw a jump of $122,000 to $226,000.
"Colorado is leading the way,” said Matt Binder, who is visiting from Hawaii and said his state could benefit greatly from marijuana tax revenue.
“I don't like all that money going to gangs and cartels. I'd much rather see it go to the state. I'm sure we could use it,” Binder said.
“People are coming here every day to talk to me and to talk to other business owners about what we're doing here,” said Jamie Perino, owner of Euflora marijuana shop downtown. “We've done it right."
The numbers are staggering. According to the state, marijuana tax revenues jumped from $25 million in the first five months of 2014 to $44 million in the first five months of this year.
“It's not surprising, especially when the people are responsible for bringing this in," said Miguel Lopez, chief organizer of the Denver 4/20 rally.
“With that kind of revenue, you could take states that are really in the red and help pull them out," said Perino.
According to the Dept. of Revenue - $23 million in tax revenues will go to fund public schools this year. Revenues from June 2015 alone hit $3 million for schools.
"The wave of change is slowly starting to take shape,” said Perino. “Colorado set a really good precedence within the U.S. We can only hope that the government is doing the right thing with it."
The tax revenues that don't go to schools drop into the state's general fund. A smaller percentage is distributed to cities that have pot shops.
It's all those shares that they issue to pay the creditors not a cash loss . This was expected we should slowly go up from here .05 is the bottom in my opinion and the land purchase will be good .
10-Q is out .