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ssc

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Alias Born 12/20/2006

ssc

Re: None

Friday, 05/07/2021 9:01:07 AM

Friday, May 07, 2021 9:01:07 AM

Post# of 9560
Excellent example of a double top formation. Look at a 1 year chart of ibx. Fascinating to see that just as some were saying 100% buy rating and predicting $.40 as ibx traded at $.20, the stock was making a double top which lead to a decline of over 50%. Now the question is: will %.06 level hold or is this going even lower?

But wait, there's more. Now take a look at a 1 year mhtx chart and guess what? The same double top formation appeared just as the same pundits were calling for mhtx to reach $.11 - instead it has declined over 30% and looks headed to a test at $.02. So much for the value of the big metals contract.

All that so-called dd, all those presentations, all the links to videos and articles and yet good old fashioned technical analysis carried the true message. Where are all the pundits now? This is a great opportunity to start predicting these stocks will double from here. And then they'd be back where they started from lol.