reaper board

[reaper247]

Hey there 12yearplan,

That’s quite a complex play to throw out there.

Cardiol Therapeutics has dual listing in both the US and Canada.
The US listing is OTCQX: CRTPF.

I actually think the chart looks quite bullish.


This is a classic example of a chart pincher play.

Usually the chart PPO and ADX move in relative unison.

We have a great example of a secondary chart indicator divergence.

I don’t claim to understand the mechanics of it, but when this type of divergence happens, they tend to repel each other, kinda like trying to push together opposing polarities on two magnets.

A lot of times, the correction of this divergence, results in a nice move in the PPS.

That slight uptick on the RSI corresponds with a similar uptick on the OBV.

These events are happening ahead of a potential positive parabolic reversal, which is exactly the kind of thing I look for.

My concern is the ticker.

In this case, the fifth letter designation "F" means it is a foreign stock.

Not a bad thing, but a lot of OTC traders stay away from stocks with the extra, fifth letter designation.

A “D” is reverse split, “Q” is BK etc.

Not sure that US OTC traders will bring enough volume to break through resistance.

All in all though, it looks like a pretty good pick, with a potential bounce coming in the next week or two.

Thanks for sharing.

GLTU, IMO and FWIW.