Tuesday, January 12, 2021 3:47:44 PM
As I have mentioned in a couple of posts we have created quite a shelf/flat area...For the last 5 days in a row the high has been 0.295 (today is actually 0.294). Traders can't stand flat areas like this and it will be penetrated...just a matter of which day this week. What makes it look like a launch pad is the continuing higher lows we have had since the bottom of the recent correction on 1/5. The other thing that makes me feel good is how close the tight sideways action is to the recent high...we have only backed off a few cents from the high of 0.33. Don't fall asleep on what is going on here...
Very likely we get news out and we gap up right out of the shelf. I doubt we will have to wait much longer...
"It never was my thinking that made the big money for me. It always was the sitting. Got that? My sitting tight!" - Reminiscences of a Stock Operator -
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