Progressive Care Inc (RXMD)

[Dr PennyStock]

Technical Analysis - RXMD annotated daily and weekly charts

Both charts, daily and weekly, gave several buy, strong buy, and, very strong buy signals in the last days/weeks.

The daily chart gave nothing more nothing less than seven( 7 ) buy signals. Some "strong buy", and one "very strong buy" signal.

Look at the daily chart below. All the buy signals are signaled by green circles/ellipses.

1 - The RSI crossed the 50 line to the upside, the so called power zone or MOMO zone = buy signal

2 - The MA50 was broken. This is the second most stronger resistance in any chart, so = strong buy signal

3 - The PAR SAR was broken as resistance = buy signal

4 - At the same time the MA200 was broken. This is the strongest resistance in any chart, so = very strong buy signal

5 - The next was the MACD crossover = buy signal

6 - The +DI line crossing the -DI and ADX lines at once = strong buy signal

7 - The -DI line crossing the ADX line to downside = buy signal

The daily chart gives short term technical signals, since a few weeks upto 3 - 4 months.

Daily chart



But, this is not all. The weekly chart below has given also five( 5 ) buy signals. One of them is a "strong buy" signal.

1 - The PAR SAR was broken 7 weeks ago = buy signal

2 - Then it was time for the RSI, crossing the 50 line to upside = buy signal

3 - The MA50 was broken = strong buy signal

4 - The +DI line crossing the -DI line to the upside = buy signal

5 - The same +DI line crossing now the ADX line to the upside = strong buy signal

The weekly chart gives long term buy signals. We are talking about several months, or one - two years.

Weekly chart


Both charts gave a total of twelve ( 12 ) buy signals. This is an incredible number of buy signals, very rarely seen in any stock.

All this above means that this stock is just beginning a big run, possibly similar to that one two years ago, since .0048 to .054. It means that we are talking about a similar run(with the same amplitude), or even bigger, from .01 - .012 to somewhere between .10 and .20.