Friday, April 10, 2020 12:02:46 PM
"There is a low of .0175 on March 12 and a low of .0175 on March 31 and yesterday's low of .0177. Triple bottom. Draw the lines...You have a triangle pattern that if .0175 is violated, especially a daily or weekly close, it's lights out for a while if not forever."
If not for the late day tweet, share price would probably fallen below the .017 low. No worries, every time a tweet is posted and causes a rally, the rally fails like it did on March 20.
Here is what a descending triangle looks like and what happens when it breaks down.
https://www.google.com/search?q=chart+formation+descending+triangle&rlz=1C2GGRV_enUS751US752&tbm=isch&source=iu&ictx=1&fir=HehsSHaIJjQgHM%253A%252C-8o4bDAXsVZD5M%252C_&vet=1&usg=AI4_-kTwtvksIXclK9TBMUKxr1ACihnjuw&sa=X&ved=2ahUKEwjuuPCem97oAhUjmuAKHYnFDyYQ9QEwAHoECAkQAw#imgrc=Wtev-2sh5pt5lM
The chart for PASO is a descending triangle.
If the link doesn't work, just google "chart formation descending triangle," and see for yourself.
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