Auscrete Corporation (ASCK)

[Dr PennyStock]

Since I posted the message I am replying to, the stock gave two short term sell signals.

The +DI did not bounce off of the ADX line, like I was expecting, and, on the opposite side, it has crossed the ADX line to the down side, generating a sell signal, and, the PAR SAR was broken as support today, generating another sell signal.

This was caused by dilution. CDEL and NITE have absolute control of this stock.

They put those big bids only to create a false idea of support, so people buys, but, I am monitoring this stock since a few weeks, and, they do not buy. Since they began to put those big bids, I counted only 4 times that someone sold to them, and, it was always like 20k or 30k shares. They bought maybe around 100k shares on those big bids.

What they are doing has a name, manipulation. They are creating a false idea of support, to dump millions of shares.

So far they did not let the stock make higher highs, in fact, today it has made a lower high and a lower low. They kill any attempt the stock makes to break .013.

This is the reality, independently of what the IR guy is saying. I already said, and, I will say again, he is a big liar, and, the CEO too, because obviously he is supporting him.

But, this is the reality of this specific market. Penny stocks are garbage, and are to be traded, NEVER invest here.

Saying this, we are clearly on these two MMs hands, and, in my opinion, based on my analysis of the chart, the stock will trade sideways for a few days. When I say sideways, it includes a possibility of a quick test of the .0085 support again, and, also to test the MA50, that at this moment, is still going down(at .0081 today), and, needs to turn up.

https://www.tradingview.com/chart/WYoMwjYj

I've recommended this stock to my paid subscribers at .0055, so we are at about 100% profit, and, we will hold as long the stock doesn't break any important support(MA50 and .0085), because my target here is somewhere between .02 and .05, and, I wil not let the "bone" until I get what I want.

Do not count with much action here in the next days, unless some good news generate some momentum.

GLTA longs.