Friday, November 03, 2017 12:28:57 PM
TRTC Chart Pattern Update
The stock "Pinched" both this week and back in July (same pattern) as indicated by the Red Arrows noted at the price and PPO & ADX.
The Blue Arrows indicate a sell off when initial investors achieved their goals. Then a day or two of consolidation occurred.
Now we are seeing what I call a "Hi-Wave" (my term), this is the strongest up move that I have seen in charts provided it is not interrupted. Denoted by the Green Circle and Line. The circle around the PPO & ADX is where the Hi-Wave term comes from.
Going forward once the wave completes as it did in July there could be a sell-off, continuation, or both.
The stock "Pinched" both this week and back in July (same pattern) as indicated by the Red Arrows noted at the price and PPO & ADX.
The Blue Arrows indicate a sell off when initial investors achieved their goals. Then a day or two of consolidation occurred.
Now we are seeing what I call a "Hi-Wave" (my term), this is the strongest up move that I have seen in charts provided it is not interrupted. Denoted by the Green Circle and Line. The circle around the PPO & ADX is where the Hi-Wave term comes from.
Going forward once the wave completes as it did in July there could be a sell-off, continuation, or both.
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