Progressive Care Inc (fka RXMD)

[NickXIV]

My thing about that is, a 50% retracement is healthy but looks drastic in this case due to the fact that practically the whole share prices status was derived from that major move, a 50% retracement almost corresponds in this case to a 50% drop in the share price, also without knowing how many shares were held from the 2's and under the profit taking from that could take awhile to establish a new majority base averaged in high 2's and low 3's drying up most of the demand and allowing it to run free again. I won't say it's broken unless it breaks .025.

I'll be straight forward also I haven't been following the company much in regards to how it's been flowing other than just now casually charting it to stop by for everyone, I no longer play in the OTC market, only do future's and options these days, as I can turn consistently a much higher profit from that, but figured after being around for a year, a casual checkups always fun. I think that regardless the next month will be critical and is a solid investment with a stop at .025, it'd leave you with a 10.71% risk, and if you did a minimum price objective of just 100% that'd leave you at a 9.9:1% reward to risk ratio which is pretty solid in my book.