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Alias Born | 07/07/2017 |
Sunday, November 17, 2019 2:29:30 PM
To answer your question:
I have many long term and short term targets in areas of old supply on the chart if and when it goes.
There is no guaranteed magic date, accleration speed or set targets ever. I'll use my targets and shave my shares when it gets there and then leave some to die or for larger possibilities of a longer term setup.
Patience rewards, even in the OTC. It can just be much more painful.
But rules of supply and demand still apply here and more importantly the rules of accumulation and distribution which I firmly believe we have see a boat load of recently.
My read and hope (Like ant stock play) is this a 'spring' at the end of a right shoulder and an inverted head and shoulders heavy accumulation pattern. Volume is the best verifier of patterns
It's common to shake the tree at the end of accumulation. Maybe im wrong, but that's my read. Anyhting around or below 0.06 that's been recently soaked up has been a gift IMO And I doubt well be down here much longer
This could also be a good long term setup but I'll never assume and will shave for protection along the way
What's your plan?
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