Monday, October 07, 2019 4:00:08 PM
Reason why I like PFMS:
1. Bullish Engulfing
2. Higher lows third time in a row(we can see a nice ascending trendline holding that nicely
3. Holding the rectangle pennant strongOs is 690m which is way smaller than Turkeys Ramble Daddy Xavier. Another lazar ‘friend’ that ran 150% on filings.
4. Holding the 50 ema very nicely. Shows that .0034/.0035 is a strong support
5 .Holding nicely on the daily and hourlyClosed for the first time 8 ema
6. Has a catalyst
We are just waiting on filings which could happen any moment. Looks like people are loading up more in anticipation of it. Level II showed today that there were buyers getting ready by stacking the bids and when that they didnt work out they started raising the price. If you notice around 3:58 pm EST, the bids started to become .0041. Due to the strong move today(8m vol was traded today), I wouldn’t be surprised if we blinked and news came out. Don’t close your eyes on this one because the magic show is just starting.
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