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Re: None

Monday, 07/17/2017 12:24:31 PM

Monday, July 17, 2017 12:24:31 PM

Post# of 97079
Big buys coming in at .0094 and above

Average 30-day volume is 238,358

At 2.5+ hours into the session we are already at 459,294 and more to come.

Obviously, the cheapie shares are gone for now.

A little higher PPS and we should see some short covering which should push it even higher. Followed by a torrent of buying as the shorts panic. And if there is more good news? WOW!

According to the chart this run started last Thursday when it traded above the upper Bollinger Band but could not hold. Friday and today it is trading well above the UBB.

Based upon my experience of trading penny stocks since 1972, a stock usually trades above the Bollinger Band for no more that 4 or 5 consecutive days before it corrects back to the mean average. So this run may stall about Thursday (my guess).

http://stockcharts.com/h-sc/ui?s=DECN&p=D&yr=0&mn=3&dy=0&id=p22578787097

Based on the angle of ascent I think this can reach .25 before it corrects. For some time there has been a tremendous amount of suppression (downside pressure) on the stock, call it bashing. Now that pressure is coming off. (no more bashing posts during run). When you start to see the bashing that is likely when the shorts are putting on positions. That may cap the upside, UNLESS there is more good news.

This stock is like a rubber band pulled tight in one direction. And it is going to snap back and overshoot and oscillate, and then re-align to the mean average which will be higher than a week ago. This is what the Bollinger Bands are indicating.

A week ago, someone posted that "...no one can trade this on technicals...". That is "no one" among 8.5 billion human beings. Well, trading on technicals is exactly what I am doing. So I guess I am just "no one". NO ONE with a nice little profit since Thursday, and growing by the hour.

IMO this is a Breakout situation and if you are long then hold for much higher prices.

Good Luck To All Longs,