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Re: pizzler1218 post# 30026

Wednesday, 10/03/2018 4:24:46 PM

Wednesday, October 03, 2018 4:24:46 PM

Post# of 33238
Ok. So I have come to find that a "lid on the cup" pattern is powerful, particularly the longer the cup. So if you look at 6 cent level over the past year, the price has bumped its head and went down again to bump it again later and go under yet again. This has happned around 4 timea in the last year and a look at the 3 year shows even mkre restance therw. But lately there was a bump..then a close above..then a dip below and a quick rise back to the ceiling (lid). For a comparable pattern go check out VCeL and its break above the 6 level earlier this year. If we close the week above 6...or break it with real force that would be a technical brrak above the resistance level...the resistance is a long term resistance...so a brrak would likely start a flood of buying . I believe this is veru likely to happen here as the product works and the stock is getting fresh eyes with multiple quarter million dollar days lately.
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