Progressive Care Inc (RXMD)

[fibonacci4]

I'm no expert by any means, but I wouldn't be surprised to see similar action like we saw on 3/14-3/15. 3/14 was a big drop day (long red candle with smaller shadows) and 3/15 was basically a doji with a massive long lower shadow.

Yesterday was a long red candle, again with small shadows. Today I think we could see .15-.17 tested and bought up similar to how the .12s were bought up on 3/15.

This would establish a higher low and keep us moving above the 20SMA.

Bar Chart

Alternatively, we could bounce right off the 200SMA on the 10day/30min chart and move up today. Our RSI isn't quite oversold yet on that chart, so I think we'll need to see how the first hour of trading goes to see what trend emerges.

All my shares have been held since .02-.05 and I'm not looking to buy any more right now, so I'm hoping for a nice bounce and big green day!

Either way, should be a nice day to accumulate more shares if that's what you're looking to do.

GLTA