Absolutely beautiful chart my friend. One just needs to have minimal knowledge of this gem of a company and a knowledge about charts. Some people just don't understand how many investors out there that are PURE chartists and trade based on chart performance and price potential predictions. They either don't invest a penny or take a small position, then when the chart signals a golden cross, they pour money into a ticker. Like your post laid out the RSI is in great shape with plenty of room to run before we get into any kind of overbought territory. The biggest and most important indicator for me has always been the accumulation/distribution line, when interested in a pure chart play. For those with limited chart knowledge, just look at the bottom of the chart. The MACD, which is the accumulation/distribution part of the chart on the weekly that you posted, refers to how much buying versus selling of the particular stock and is totalled up weekly, giving us a bar for the total volume and the blue and black lines reflects that said volume's average and how that volume is broken down, making both lines move accordingly. The blue line is the distribution line or in other words, (sellers) and the black line is the accumulation line, or in other words (buyers). So if one looks at the chart, you can see over the last 4 or 5 weeks, the black line (buyers) has been turning upwards and the blue line (sellers) has been lowering and levelling off. So as one can see, when you follow those 2 lines, the last 5 weeks reflected the black line turning up and the blue line dropping and levelling off. Last week was the first time since the end of June that the MACD line on the chart was in positive territory. Charts don't give a definite answer of what's to come but when you look at the history of the chart, it can give you a good idea of it will do. Look back to the end of April when the black line (buyers) overcame the blue line (sellers), and we just exploded higher over the next 3 weeks. We just broke through last week and buying overcame selling on the chart. That is a big signal that buyers wanting in better buy NOW ir potentially miss the boat or be forced to pay more......funny thing is, we are 10 times the company we were back then and NASDAQ uplist is getting closer than ever. Anything under $10.00 won't last long, IMO. We are in the beginning of a potentially epic run.
PokerStar
