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Re: Maine420 post# 247599

Wednesday, 01/10/2018 5:18:34 PM

Wednesday, January 10, 2018 5:18:34 PM

Post# of 290030
"It held very solid today at/around .33. I anticipate another climb back up to .38 the next couple of days."

Just started following Main420 as you seem to have a pretty level head here. I'm new to this board but not new to this trading jazz.

Opened today at the high of the day (yesterdays close) & closed at the low for the day. Sure it held but I wouldn't call it support. Chart is reading a trend reversal pattern. Tomorrow this will form 3 Black Crows if it dives (& closes) below .33..... with all due respect to your call for .38, This thing WILL check & revisit a solid support line before anything else happens. I see .28 before it sees .38 next couple of days.

Of course this is an OTC stock and with the amount of folks cheering for a reverse split I suppose anything can happen. No disrespect but a reverse split scenario is typically a last ditch effort to keep a ticker in the game for a few more withdrawals from management.