Saturday, September 02, 2017 11:02:09 PM
Do you still think I am making things up?
.015 is still holding well as our nearest resistance
.015 is also our new lower high and this week we saw a new lower low .012 .. the EOD paint has even pulled up lame at a feeble .0125
I can't fathom why anyone continues to 'buy more' of a chart that is continually working the bottom right hand corner...SIX MONTHS AGO let alone now
You want to be long stocks that are working the upper right hand corner of a chart, or at the very least, toward it.
'Fishing for the bottom' while closing your eyes to the reality spelled out on the chart is never a good investment strategy and most especially on a ticker listed on the OTC
And you say it is me who lives in the land of make believe?? I digress.
Bottom is not in until you confirm an up trend otherwise it is more likely you are 'catching a falling knife' .. the writing is on the wall for a R/S for $RXMD and I'd go as far as to say the 'talk' of QB up list has cemented that course, as now that will be the primary excuse for it.
Make no mistake though, the primary reason will be to gift out more shares unabated in shady dealings to be sold Over The Counter to 'long term investors' as well as to fund the growing overhead not the least of which is pharmacists salaries .. stinks
That said the R/S is likely a year or more away as they drag their heels to maximize the opportunity that bestows them
$RXMD Prime example of a chart to avoid long & thus consideration for a short
Recent RXMD News
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