Saturday, April 29, 2017 11:02:06 AM
MJTK chart: Recinvestor and Greasy~~~You and a lot of technical traders have been all over this turkey ever since it broke below .004 six sessions ago. The tails on the candles tell the story.
* The gap is now 3.6% and so far below the +5% threshold for closure that it becomes insignificant. And I suppose that is the reason smart money showed up big time the day after.
* The 4/17 event that really caused the downturn.
Bad earnings measure rules.
http://thepatternsite.com/earnsbad.html
* Possible setup for the measured move up. It will be gradual; no "boom", no "BOOM" or "MOAB under the PPS" sort of thing.
So lets be really conservative: average PPS first leg rise 46% in 87 days. Of course a positive catalyst could change things in a hurry with any of the three above mentioned detonations.
MMU measure rules
http://thepatternsite.com/mmu.html
http://stockcharts.com/u-sc/ui?s=MJTK&p=D&yr=0&mn=4&dy=0&i=p85830386077&a=515753527&r=1493474821704
* The gap is now 3.6% and so far below the +5% threshold for closure that it becomes insignificant. And I suppose that is the reason smart money showed up big time the day after.
* The 4/17 event that really caused the downturn.
Bad earnings measure rules.
http://thepatternsite.com/earnsbad.html
* Possible setup for the measured move up. It will be gradual; no "boom", no "BOOM" or "MOAB under the PPS" sort of thing.
So lets be really conservative: average PPS first leg rise 46% in 87 days. Of course a positive catalyst could change things in a hurry with any of the three above mentioned detonations.
MMU measure rules
http://thepatternsite.com/mmu.html
http://stockcharts.com/u-sc/ui?s=MJTK&p=D&yr=0&mn=4&dy=0&i=p85830386077&a=515753527&r=1493474821704
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