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DPBE buy 0.0020
link to youtube videos
https://goo.gl/awXMz2
ACHV news
The offering has a price above the current stock price at $3.1445 per share which is not the norm for offerings, usually they are lower than the current stock price IMHO.
In the past on various stocks, it seemed to me that the chart price very quickly goes to the offering price after it is known.
Perhaps people glossed over that and saw the word offering only. Perhaps not too many people are following the news to react to the (higher than the current chart) offering price.
But in this case the offering price is higher than the chart (not lower) and doesn't undercut people who just bought. This to me seems bullish. Thoughts?
offering announcement
https://ih.advfn.com/p.php?pid=nmona&article=78366704
Sometimes I just get a stack of charts and flip through them to see if my eyes can pick out some good ones that are not easy to scan for. LYSCF was one that I saw the chart looking through a list of gold stocks trying to see if anything stood out.
It's nice to be able to just turn all the computers off and trade just by walking up to the chart without indicators or anything. Sort of like having an ultimate backup method.
This one has an inverted head and shoulders bottom and is about to break out over it with a bull flag.
These patterns are some of the most accurate and reliable known so I am always on the lookout for them. It is purely chart technician related and has nothing to do with knowing about anything about the company.
references I found on the net with info:
https://samuraitradingacademy.com/7-best-price-action-patterns/
https://www.google.com/search?q=inverted+head+and+shoulders+pattern