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Nothing will be repurchased, the process could take years. By that time RELI will have 1B float and 0.0001 share price hahaha
Also, L2 provides a clear picture of bulls getting annihilated with huge blocks on the ask and no bid support to 0.08-0.1.
Hahahahaha
ZERO Execution on LOIs which were signed definitely just to cause a pump. I'm sure he launders his money through this company.
Hey man
we were right, the float is now at 64 mil an increase from 30 mil in a month. That's more than a double lol
Beyman got this shell for money laundering and dilution!
1:240 buy to sell ratio. NO ONE BUYS this stinky pos.
LOIs don't worth a damn - can't be closed for months, unaudited financials for months, NON-Sec reporting for months, PR company is out, 0 execution from the C level executives. Wouldn't be surprised if the float will be increased 3x-5x in the upcoming months.
200k bid is gone, longs are being beaten up as they used to.
500 shares ask slaps won't trick anyone hahahaha
What a dumpster fire here.
Theory: what if past holders like Roman Szymansky from EOMN, are dumping their shares and that's why price action is so stagnant while the volume accelerates. 300-500k volume in the last couple days comparing to days with 50-80k volume.
Ascending triangle is still in play, even though the trendline is barely holding.
By no means this goes to 0.10. Could go test 0.13, but I would've imagined that yesterday or today in the morning.
If closing at 0.174 or above - will be within the ascending triangle. Nice undercut today, but recovered and defended its bullish territory. For now.
At the same time NaturalShrimp was a way better investment within the same timeframe. Billionaire CEO, Genius with trillions in assets no less haha
Technical analysis/bigger picture perspective:
Obviously sane people wouldn't be putting $0.60-$1.00 targets out there, but in all fairness RELI did consolidate nicely and currently forming a huge ascending triangle. Although it had a lot of fake breakouts and failed to hold above $0.21, I think they are waiting on closing of those 3 LOIs or SEC reporting compliance to breakout.
Depending on timing when he decides to put the news out, the triangle gets really tight by the end of February-beginning of March. Should be very boring here for at least +- a month.
I love how this trades.
LMAO, broke?)
As I said, this will not break 0.16, will be red on Monday, just watch and enjoy the show :)
Good for you if you reloaded yesterday and dumped your shares today on those who were averaging up, they will be averaging down soon enough.
You got it. It's all in the chart.
?
I'm employed on my own. I'm a trader.
This will not run past 0.16 today - top of the falling wedge. Will be red on monday.
EOD Recap: Bulls didn't show up, selling is not done. Will continue tomorrow. Spotted a falling wedge pattern today. Usually falling wedges tend to break up, and I think this will break up (dead cat bounce), but the tail of the wedge is in the 0.06...=)))
Good for them, hiding from the truth. No worried! Stock is down 70%, but not worries, CEO is genius! hahahahaha
Tanking hard, desperate people still trying to get at least 50% of the original investment. Poor fellas.
Lol where is institutional investors? Why no one is buying? Bargain prices! hahahaha
Can't even reach the resistance. Descending triangle broke down. The stock price is under 20MA and 50MA lol.
Nope, not true, not all the gaps always fill. The chart is broken, I doubt we see that SP even early next year.
No one is buying even after a PR. What a scam company. All the supports and uptrends are broken!!! Chart looks ugly. The only thing that can save shareholders is a long capitulation wick, but in order to do that, this needs to finish green which still could happen.
Hahahahaha what a timber. The Selling Continues! CEO's credibility is gone. Investors rushing through the door. 0.10!!!
Bud, I've been harping about that for the last month and now you just confirmed it. Thanks!
You are very welcome.
The recent PR is a total fluff, pretty much a bunch of old news known to this very day. A weak attempt to pump the share price, which should happen tomorrow up into the new DOWNTREND line (top of DESCENDING TRIANGLE). Now that the bulls realized this is a scam company with a bloated market cap it will go to where in deserves to in a couple of months time.
P.S. predicting a copy and paste (the only weapon bulls have now) from a PR about substantial acquisitions these acquisitions will be 2-3 more insurance agencies with a 400-500k annual revenue and maybe a a couple of Duplexes-Triplexes (multi family apartments LMAO) which will generate up to $1M in revenue lol.
Dilution + Reverse Split. Rinse. Repeat.
Closing near LOD, but it should have a little bounce tomorrow, to 0.15-0.16, then fade again. This is AMAZING!
Thanks for bringing this up, people need to know the truth about this.
Huh? I'm and always was. Good luck, pretty sure you will end up broke very soon.
It opens perfectly.
What exactly is a lie? That the uptrend is broken? Here, watch the chart: https://www.tradingview.com/chart/GBm1xSLq/
White lines were uptrend, blue lines - DESCENDING TRIANGLE, which 95% of the cases breaks down and is BEARISH pattern
Totally false info. Give me the facts, it's all I want.
"Rest of week should be very bullish." - Based on what? Its down 30%, selling pressure totally outbids buyers, demand and distribution is on the seller side. It broke down the uptrend.
"Selling out was a mistake" - Thanks for advice based on nothing. Let's talk in a week of time.
"Very few stocks present the investment opportunity RELI is giving. This has 10x-20x bagger written all over it." - totally untrue, RELI doesn't give anything. This a pump and dump, scam company that will dilute shares and do a reverse split in the future.
How is this false and misleading? Elaborate? This is going down, uptrend is broken. There was never a PR about Ezra Beyman merging his multibillion dollar assets in this ticker.
I don't want to buy, I sold my core this morning as soon as it broke the uptrend. This is done, Lowest will be 0.02-0.03, so way to go down. No one buys. A 3K buy follows by a 60K sell.