Wednesday, December 06, 2017 9:29:38 PM
If you can break past the 50 day Moving Average here currently acting as resistance, it'll become support and you'll be off on your rebound I have been projecting for weeks...
I have been saying since 11 November, 2017 that this would dip and then likely breakout...
I AM NOT FOLLOWING YOUR FUNDAMENTALS HERE AT ALL... That needs to be stressed... I am STRICTLY guided by the technicals... And so far they have been EXTREMELY accurate...
This was my original statment on the matter:
11/11/17
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136126172
I noted that the stock would dip, but likely no lower than the 4's... And I later drew a bottom trend line that pointed to 5's as the lowest likely... You fell to $0.05 exactly...
I noted that the MA50 would indeed fall below the MA200, and that would drive a bearish movement tht would bounce off the bottom Bolinger Band and eventually begin the rebound as the MA50 would shortly after retake the MA200... It hasn't done that final part yet, but it is working on it... It takes time as it is literally a moving average of 50 days... As of today it has leveled out and looks like it is beginning to turn back upwards...
I noted once the MA50 retakes the MA200, a bullish breakout COULD occur... I WAS ALWAYS BULLISH here... But accepted that a dip was inevitably going to occur, and it did...
I pointed out the reversal of the MACD signaling the dip, and since I have pointed out the MACD signaling another reversal that signals the dip is over, and you will start regaining ground...
So far that has all happened... The technicals here have been accurate to a T....
Here is where I projected this would turn around... This shows the trend line I drew that projected $0.05 as the bottom:
11/29/17
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136528707
HERE IS TODAY'S CHART:
https://pbs.twimg.com/media/DQaSHvSVQAAGdJ2.jpg:large
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