WHY WE HAVE BREAKOUTS IMO...as the stock moves higher you begin to lose those penny people that were able to buy large numbers of shares and manipulate the stock....kind of like a dog chasing a car...the dog chases until he gets winded and drops back...thats a lot to how this works...as the stock moves higher the penny guys begin to lose their leverage because the larger number can no longer afford to buy the same quantity of shares thus weakening their hand and the stock is then transferred into the hands of others who can take the stock higher...i feel like the .70's is that time when the penny guys become weakened....and we have the momentum to move on to 1.00...............SO HERE IS LOOKING 1.00 IN THE FACE SOON IMO
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.