Sunday, October 15, 2017 9:55:35 AM
First let me say that TA (technical analysis) on a story stock is not very relevant. This will trade up and down based on news or lack of news and not because a chart says to buy or sell. With that said, TA does play a role with stock screeners. Closing above the 200dma will be a very bullish sign and signal a reversal is complete and give a clear buy signal.
We're going up after the PR, email blast etc. No doubt about that, but I will continue to preach that this is more than a quick pop on a single piece of news. This is setting up as a perfect storm trading opportunity. It has taken seven years to reach the point of booking first revenue and being able to show pictures and video of an installation. There is an incredible story to tell on paper and all the right buzz-words can be hit to instill a call to action from green investors and momentum traders.
PR... email blast... promoters. Let it play out and watch .25 to .50 print. I hope hitman says I told you so and it hits $1.155. Enjoy your Sunday and rest up for what could be a life-changing week!
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