S A M Trade Asia Pte. Ltd. (SMFX)

[Bromus]

PFMS:
Closed above the 50 ema with a strong bullish hammer. We can see it made lower high indicating that its moving in a positive direction. On the chart we can see its holding the rectangle pennant and ascending trend line very nicely. Lately there have been some piercing below the 50 ema though never closing below it. However, if you look at each of the wicks in order of when they dip below the 50 ema you can see that the wicks get smaller than the previous. From that we can come to the conclusion that buyers are becoming more aware of places to add and notice how they refuse to let it go any lower than before. Its how I was able to draw my blue trendline. As you would say, the piercing of the 50 ema is getting weaker with each attempt. If we look at the hourly chart we can see that PFMS is holding beautifully with a Symmetric triangle. Looking at the weekly, its still holding the 50 ema although I can’t draw a pretty chart pattern for that one on TOS. its also worth noting Weekly isn't as useful on otc than BB stocks just because no one really looks at weekly from what I've seen. I'm not saying you can't use weekly but its not one I would use as a major indicator of where the stock is heading for the otc world. As for news, we are just waiting on filings and with the recent update on OS it shouldn’t be much longer. Lazar’s shells tend to run when filings drop. There will be flippers and you might be able to get away with it but the moment filings drop and this gaps up, you are going to regret it instantly if you’re not in and trust me I know that feeling because it happened to me in the past twice when I tried flipping. I’d rather hold and wait before flying to the moon as they say. The reason I have confidence in this play is because the OS is smaller than some of Lazar’s other play and the ones that ran, went as high as 150% like Turtles Recommended Drizzly Xylan which had a OS around 2.5 times the size and a less following than PFMS. Overall news makes more of an impact in the otc world so using relying on technicals alone isn’t enough imo. However in this case, both the technicals and news are strong which makes me believe this will run sometime soon. Hope to see you all at the top :)

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