Hey EichKing,
That’s the trouble with baby stocks like Pluristem. Sharts can be all over the place. I wanted to see if it can be a helpful tool to predict the trends in price though.
So I’ve been investigating Bollinger Bands,resistance, double bottoms, rounding bottoms, and even some basic financial terms to see how they can influence the sharts.
Bollinger Bands are like a containment zone for the sharts. In case momentum builds or turns negative, it will help relax or run before it happens.
Double bottoms are another tool for the shartist. A retesting of sorts, to see if it can hold. Often difficult, but great to see. It held again.
Not to be outdone is a rounding bottom. It’s when you think things could blow, a slow , gentle relief begins until the trend reverses.
And of course the back and fill. Just when you think things are going good, something changes. The movement down surprises the shartist. Luckily there is enough room to hold, and it fills, awaiting another breakout.
Now I’d like to see if there’s any correlation to the sharts, and the basic supply and depends side of the equation. Let’s say XYZ company is selling wedgies. If the depends side dries up, what effect could we see on the sharts? Profits could go down putting tremendous pressure on the shart. A short squeeze could alleviate the downward pressure a little, bit unlikely, considering the momentum is all out of gas. Then all hell could break loose.
This world of sharts sure seems complicated. Schooling would probably be best. A class maybe, to see if sharting is something you want to pursue. Get a degree in sharts if it’s your cup of tea. Maybe become a master sharter if you enjoy it. Heck even become a Dr. of sharts. Help speed the word and show your love of sharts.
Not for me. I’ll leave it to the pros. Hard to compete with a master sharter.
