Zivo Bioscience Inc (ZIVO)

[Amigo Mike]

Well,

It will be interesting to see how the current HEPI chart formation resolves.

It would seem that the new MMs on HEPI have stuck around a bit now. Seems that a buyer is still willing to take in stock but not aggressively like previous.

The chart is displaying a nice bullish pennant flag with near perfect volume indications. The "pole" starting at roughly 14 cents with increasing volume all the way to a closing high around 33 cents. Since then, tracing out a pennant flag and volume declining as would be expected.

The resolution of a bullish flag is typically a move higher to match the move made in the formation of the "pole", i.e. 33-14=19. So if the pennant resolves upward with a base around 27 cents, the target would be roughly 46 cents.

Amigo Mike