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Saturday, February 03, 2018 3:40:32 PM
Technical Analysis - RXMD annotated weekly chart.
1 - The RSI is pulling back of the overbought zone(above the 70 line). The green trend line will be where it will bounce back up.
2 - The +DI is also pulling back to test the ADX line(white line) as support, and, this will cause a bounce.
3 - The MA200 at .028 is now the main support. At the same price level we have that green trend line, so .028 is a rock solid support, because two strong supports are right there.
Prediction for next week: RXMD will make a LOW(Low Of the Week) at .028 or near, and, will bounce back up.
Like you can see, the only resistance until .054 is at .044, and, that's why the stock pulled back at .042, so I think the stock will test .042 again next week, or maybe break the .044 resistance.
I call a white(green) candle with a HOW between .042 and .054.
Weekly chart
Like I said about one week ago, RXMD will make a run similar to that one two years ago, when it ran from .0048 to .054.
I am 100% sure, I repeat 100% sure, that RXMD will run to .10. This I guarantee.
But .15 - .20 is also very possible.
Bookmark this post if you like it, and, you want to see in a week, if I am right or not.
Have a great weekend.
1 - The RSI is pulling back of the overbought zone(above the 70 line). The green trend line will be where it will bounce back up.
2 - The +DI is also pulling back to test the ADX line(white line) as support, and, this will cause a bounce.
3 - The MA200 at .028 is now the main support. At the same price level we have that green trend line, so .028 is a rock solid support, because two strong supports are right there.
Prediction for next week: RXMD will make a LOW(Low Of the Week) at .028 or near, and, will bounce back up.
Like you can see, the only resistance until .054 is at .044, and, that's why the stock pulled back at .042, so I think the stock will test .042 again next week, or maybe break the .044 resistance.
I call a white(green) candle with a HOW between .042 and .054.
Weekly chart
Like I said about one week ago, RXMD will make a run similar to that one two years ago, when it ran from .0048 to .054.
I am 100% sure, I repeat 100% sure, that RXMD will run to .10. This I guarantee.
But .15 - .20 is also very possible.
Bookmark this post if you like it, and, you want to see in a week, if I am right or not.
Have a great weekend.
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