SMKT has the characteristics on its chart regarding the advice below IMO
Great Technical Advice from another poster on RB.
By: Penny_TA
13 Oct 2005, 09:17 PM EDT
Msg. 6800 of 6801
(This msg. is a reply to 6799 by dland9.)
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OT: The power of the Stochastics >50 crossover
Its not something you can read about on technical analysis websites. Its something that I noticed while spending thousands of hours pouring over 700 charts of huge past OTCBB runners...
It goes something like this:
1. You need a powerful consolidation pattern, i.e. ascending triangle, pennant, flag, descending wedge, horizontal short-term consolidation, consolidation between EMA20 and SMA50, etc...
2. Then, you look at the slow stochastics (14,3) - most basic one on stockcharts.
What you're looking for is a strong move above 50, then a pullback (still above 50), then another positive crossover (most often in the 70s).
This is often the starting point of many huge OTCBB runs.
Most recent examples are MOTG (+180%) and UPDA (+100%), both of which I called on Investorshub on I_like_bb's chatroom.
Good luck!!
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