MMEX Resources Corp (MMEX)

[tothe]

MMEX weekly chart(s)~~~For the week unchanged closing at $0.014 on volume 23,505,092 up from 22,454,512 last week
5 day average dollar volume $0.0137 x 3,871,262 = $53,036 (source numbers from ProfitSpy)
chart thread post

Event catalysts this past week
(1) Internal: MMEX Resources Corp. now listed on OTCQB Venture Market Exchange Nov 7, 2017
http://www.mmexresources.com/pdf/MMEX_OTCQB_Annoucement_Press_Release.pdf
External: Share Structure up dated on OTC Nov 7,2017 (finally!!! no frigging guesswork)
https://www.otcmarkets.com/stock/MMEX/profile
External: Third Party PR Nov 7,2017
https://www.broadwayworld.com/bwwgeeks/article/MMEX-Resources-Corp-now-listed-on-OTCQB-Venture-Market-Exchange-20171107
(2) External : San Antonio Business Journal Nov 8, 2017
https://www.bizjournals.com/sanantonio/news/2017/11/08/mmex-uplisted-to-new-exchange-as-refinery-project.html

* Event chart pattern rules
http://thepatternsite.com/eventpatterns.html.
* Market cap & Performance rules
http://thepatternsite.com/markcap.html

             
               Share Structure 
       Market Value1     $20,206,830 a/o Nov 10, 2017  
   Authorized Shares   3,000,000,000 a/o Sep 21, 2017  
 Outstanding Shares   1,464,263,078 a/o Nov 07, 2017  
          Restricted   913,369,429 a/o Nov 07, 2017  
        Unrestricted   550,893,649 a/o Nov 07, 2017  
               Float   Not Available 
           https://www.otcmarkets.com/stock/MMEX/profile

Moving Averages
5 Day Moving Average $0.0137
5 Day Average Volume 3,871,262
http://www.profitspi.com/stock-quote/mmex.aspx

Worldwide Web chatter MMEX & MMEX Resources
https://trends.google.com/trends/explore?date=now%207-d&q=MMEX,MMEX%20Resources

MM Short Volume
http://otcshortreport.com/company/MMEX?index=MMEX&action=view
https://www.interactivebrokers.com/en/index.php?key=mmex&cntry=usa&tag=&ib_entity=llc&ln=&asset=&f=4587&conf=am&amref=1
http://www.buyins.net/tools/symbol_stats.php?sym=mmex

Knowing Your Market Makers
http://www.32trades.com/market-makers-knowing-what-youre-up-against/

Monthly Share Volume
http://otce.finra.org/MonthlyShareVolume

Profitability margins
https://csimarket.com/Industry/industry_Profitability_Ratios.php?ind=606

DOE Summary of Weekly Petroleum Data
https://www.eia.gov/petroleum/supply/weekly/

Current Issues and Trends (also Irma & Harvey news & effects)
https://www.eia.gov/petroleum/

US Refinery Rate & Investment tools
http://www.investmenttools.com/futures/energy/index.htm#refinery

MONTHLY First week of November (2 days) up +0.72% closing at $0.014 on total volume 8,658,493

http://stockcharts.com/h-sc/ui?s=MMEX&p=M&yr=2&mn=0&dy=0&i=p36048042088&a=547188854&r=1506614004988


WEEKLY~~~ Descending Triangle, could morph into cup and handle.

*Symmetrical Triangle rules
http://thepatternsite.com/st.html
* Cup and Handle rules
http://thepatternsite.com/cup.html
* RB measure rules
http://thepatternsite.com/roundb.html

http://stockcharts.com/h-sc/ui?s=MMEX&p=W&yr=1&mn=0&dy=0&i=p12807019550&a=547189097&r=1506614504287


MMEX measure chart: Symmetrical triangle

*Symmetrical Triangle rules
http://thepatternsite.com/st.html
* Busted ST rules~~~ let the fun begin
http://thepatternsite.com/BustSymTriangles.html
* See stop loss locations for the ST
http://thepatternsite.com/Stoplocate.html
* The Swing Trap
http://www.swing-trade-stocks.com/swingtrap-chart-pattern.html
* Throwback rules
http://thepatternsite.com/throwbacks.html
* Pullback rules
http://thepatternsite.com/pullbacks.html
* Turning point rules
http://thepatternsite.com/PartialRisesDeclinesThrowsPulls.html
* Finding Market bottoms.
http://thepatternsite.com/Bottom.html
* Money Management, Day Stops & Volatility Stops
http://thepatternsite.com/ThrowPull.html

http://stockcharts.com/h-sc/ui?s=MMEX&p=D&yr=0&mn=5&dy=0&i=p26284311631&a=547077002&r=1508719472255


3m DAILY
https://stockcharts.com/h-sc/ui?s=MMEX&p=D&yr=0&mn=3&dy=0&i=p75407060163&a=555723415&r=1510359520169



15d 60min
https://stockcharts.com/h-sc/ui?s=MMEX&p=60&yr=0&mn=0&dy=15&i=p67040221361&a=548167419&r=1507046589117

 
 Day trading STP charting: 
 Note: This only works with the 2 day 10 min chart.  
  
 * Text & Source: http://investorshub.advfn.com/Short-Term-Pinch-(STP)-32033/  
  
  
 The EZ way to Understand My Abbreviated Short Term Pinch Known as (Big Sams ASTP Chart) 
  
      The Top heavy blue PPO(12,26,9) and FullSTO are the Buying indicator 
      The Bottom heavy blue PPO(12,26,9) and FullSTO are the Sell Indicator. 
  
      The Top and Bottom PPO/FullSTO are Identical 
  
      The Middle heavy red PPO(26,12,9)/FullSTO Indicator is the Opposite of the Top and Bottom PPO(12,26,9)/FullSTO Indicators and is the Key to how it works as it will go to the Top or the Bottom. 
  
      The Heavy Blue Line for the PPO(12,26,9) is the Main Indicator Line and when it Hits the FullSTO just ahead of the Other Indicator Lines it sets in motion when buying or selling will occur and gives you a Very Clear Picture of what is Going to Happen,  
 If Middle red Pinches at the blue Top, The Price Will Go Up 
 If the Middle red Pinches at the blue Bottom the Price Will Drop. 
 When all the Lines Come together it looks like an Arrow as they all come to a Point.  
 When this Arrow Point Starts to Come Apart it Signals when Buying or Selling will start pending on which PPO/FullSTO Indicators came together (Top is Buying, Bottom is Selling, Really EZ to understand and follow)   
  
 THE "Short Term Pinch" or "STP" 
 When you see the ADX5 Spike up and at the same time all 4 lines from the Bottom PPO/FullSTO drop down to the bottom and they Sort of Come Together and then Come Apart, this is called a "Short Term Pinch" or (STP) (The ADX will usually Go up, get close, and then curve back down and right as this happens the 4 PPO/FullSTO Lines Start to Turn up (Called, lifting it’s toes up) 
 When this happens the Stock will shoot up and run. (Remember, These are Short Term plays and why they are called a “Short Term Pinch”)  
 Make sure you confirm it with the CCI20 as there are Fake outs. 
 Need the CCI20 to go straight up and usually past 100 and hold above it to Confirm it. 
 Many times it will lay flat over to the right and you have to wait. 
 Watch and learn. Once you get the hang of it you will be able to buy before the CCI20 Completes but I don’t want anyone losing money and this is a type of Fail Safe. 
 I also check my ADX +DI and -DI Indicators and when the ADX +Indicator crosses up Through the ADX -DI it is a Very Positive Sign. If it crosses Down It’s Negative. 
 If you See the ADX14 +DI Crosses up through the ADX14 -DI its a really Good Sign, If the ADX14 +DI Crosses down through the ADX14 -DI I will usually Sell Some Shares 
 But you need to look at the whole Picture and the more you watch the better you will get at this and the more Money you will make, Believe me, It becomes Very EZ once you realize what it is you are seeing. I had an AHA Moment when I figured it out.

http://stockcharts.com/h-sc/ui?s=MMEX&p=10&yr=0&mn=0&dy=2&i=p57802717769&a=547192351&r=1509336116356

 
 UPDATE: Abbreviated PPO/FullSTO Short Term Pinch or “STP” Chart Explanation  
 You will Find that I made My Chart Very Simple to Follow as you are looking at a Moving Picture. 
 With the Abbreviated Chart there are Only 3 Main things to watch, 
 The THREE PPO/FullSTO Setups Just Below the Volume and the Candles, The ADX5 with +DI and -DI, 
 And the CCI20. That’s it. Follow those and you will Always be Right, Always. 
      NOTE A1: When I Say “STP” I am Referring to a “Short Term Pinch” 
      NOTE A2: When I SAY CONNECT I am talking about the "Main Red Line" of the Middle PPO/FullSTO as it Connects to Either the Blue Top PPO/FullSTO or Blue Bottom PPO/FullSTO doing, Very Simple. 
  
 1.Watch the Middle PPO Main Red and see where it goes.  
      A. If it Connects to the Top PPO the Stock will go Up 
      B. If it Connects to the Bottom PPO the Stock will go Down. 
      C.This is what makes Stocks Change Direction. 
  
 2.BUYING: Once you see the Top Blue and Middle Red PPO Lines Connect , Look at the CCI20 and ADX5  
      A. Usually the ADX5 +DI will Cross through the -DI first as a Confirmation. 
      B. Then Watch and see what the CCI20 does and if it shoots straight up and past the +100 Line The Stock WILL GO UP. 
      C. If the CCI20 starts to go up and then rolls over to the right, it’s not ready and you have to wait for it to Complete as it is always best to wait for it to go up through the +100 Line, Could take Second, Minutes, or Hours. (Volume Matters) 
      D. Once all this Happens you will see how the Middle and Top PPO’s have Pinched Together and then come apart and keep getting Wider and Wider and at the same time the Stop keeps going Up. Very Simple, This is what these Indicators show, Stock Price Movement. 
  
 3.The Potent Short Term Pinch or “STP”  
      A. When you see Every Line from the Top PPO/FullSTO go down to the very bottom and Red Middle Connect, look at the ADX5 just below it. 
 If the ADX5 has shot up and gets Really High and almost touches the Point where all 4 of the PPO/FullSTO lines are connected at the Bottom 
 this is called a “Short Term Pinch” or “STP”.  Once again, Check the CCI20 for Conformation of Completion.These are Very Powerful and the Stock almost always shoots up considerably. 
 I have made a lot of Money on “STP’ Runs very quickly.

5d 15min