InvestorsHub Logo
Followers 12
Posts 148
Boards Moderated 0
Alias Born 03/18/2014

Re: None

Friday, 08/28/2015 9:04:12 AM

Friday, August 28, 2015 9:04:12 AM

Post# of 21832
analysis+ link
Sorry for the double post, just wanted everything in one place.

https://www.tradingview.com/x/qDxjfXbz/

Hey folks! I got to charting and noticed something you might like to see. This is a stock most of us have had a bit of experience with and you may feel one way or the other about it generally, but take a look at this and make your own assessment. In my opinion, get your sneakers on cuz we’re goin for a little run.

I pulled the chart back to look at the last year and noticed that PZOO's in a downtrend that started over a year ago in May 2014. It’s clear as day looking at the pic on top. Zooming in to the last couple months we can see it confirmed in the purple channel. You really have to try not to see it. There are confirmation points of a downward channel and resistance along it starting at the left-pointing arrow at the top left, ending at the right-pointing arrow at the bottom right and three points in between.

I put two red thumbs up where the confirmation points aren’t touching the top trendline, but you have a parallel trajectory. But, at the downward facing red arrow you have a “hand of God” run right along that trendline. It's almost like they did it on purpose. From there, over the course of a couple weeks, resistance finally turns into support, and then an upward curve that seems pretty hard to misconstrue. That’s a breakout.

If you didn’t have the stones to buy at .0038 I can’t really blame you. There were nay-sayers talking about a fall into the trips, but f that weak sauce. If you bought at .0038 you’d already have just about doubled your money, and it doesn’t look like it's going to slow down. This is a significant pattern break of a year+ long downtrend and it just happens to coincide with a gain in company momentum.

So, you may want to get a piece of this. I see today as being profitable and it could carry through into the fall depending on PR that may come out now that they have their filings in order. As always, if I fucked something up here or if there’s any flaw in my analysis, please don’t hesitate to offer critiques. Make that money suckas!!!