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Re: Penny Monster 01 post# 31156

Friday, 06/23/2017 7:50:43 PM

Friday, June 23, 2017 7:50:43 PM

Post# of 40794
Hey you! I used to post charts a long time ago, but don't really annotate charts anymore. However, I'll tell you what I see. First off, for an OTC this one has pretty decent fins(financials).

RSI is low and even though the pps is moving up, the RSI is low enough that there is SO much room for upside next week!

MACD reads 'buy'

Accumulation and OBV are up, up up and running same direction without serious contradiction.

Chaikin Money Flow is up up up.

CCI is healthy and room to move MORE!

PPO is trending up!

Fast and Slow Sto look great - up!

Not overbought, not over sold.

She seems ripe!

Regarding cup and handle prediction (and I could be wrong, it's just an instinct) May 16th and 17th formed the first side of the cup. The bottom of the cup started forming June 1. The other side of the cup started forming June 16th.

Could make a major move next week to .001-.0013 where it becomes overbought and levels out at previous May 16th highs and accumulation remains high because this one is good. Then when the chart relaxes (if people don't do a major sell off), It's a buying frenzy because shares are held for an actually decent OTC ticker. Typical chart moves on a good ticker. Not trying to sell, nothing fishy, just basics.

All just my opinion, I really have been wrong and surprised before both good and bad. But all my trades this year are green, so....all I know is this is definitely saying buy!

Okay, have a great weekend!