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Re: Cid Vicious post# 3844

Wednesday, 02/11/2015 12:40:30 PM

Wednesday, February 11, 2015 12:40:30 PM

Post# of 82900
We're still at 6 because there are still a handful of flippers left...just look at the chart...it's clear that it's consolidating as weak hands/flippers give up their shares to stronger hands/longs!!!


That is a good sign...Also, If you have L2 then you can see the Bid support at this level is MASSIVE!!!

That is a sign that the bottom has been reached and because bids aren't getting wacked it shows that very few people actually have shares that are cheaper than the bid.

Also if you look back at the 6 month chart you'll see that the .0007 - .0008 is solid resistance as indicated by the L2's. Longs are gobbling up shares at an alarming rate and that is why you see a handful of 6's still trickling in.

Trust the Support...Respect the resistance.

At some point today or tomorrow we will break through to 8 and 6's will be a thing of the past.

Then we have a TRUE TECHNICAL BREAKOUT!!!

This is how penny stocks work.

HDSI :)
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