Wave---NO Kidding this chart needs HELP!
The chart pattern is a three hump descending triangle with a breakdown below .025
It broke down through the 50DMA yesterday.
The lower Bollie Band is stretching down suggesting more weakness.
The Volume has all but disappeared.
The MACD did a crossover into negative territory with the signal lines at the same time...If the MACD does this going the other way (up!), I really like it, and BUY the stock...
We are in Big Trouble when the DI+ crosses down through the DI-
And the worst part of this chart is the Stochastics...They are only two thirds of the way down to being completely oversold!!!
The way I measure possible yields from a chart pattern--take the last high of .044 and subtract the neckline/breakdown point of .025 gives .019...Subtract .019 from .025 and it comes to .006 Of course this formula works better for listed stocks on the Big Boards, but it works more times than not on pennies too...Do you want to see this stock at .006 again???
The BIG ? here is: Is Pebbles going to allow this to happen to the market cap of their Company, and to it's Shareholder's? They could stop this slide Very easily by coming out with a PR that has some MEAT to it...We can't just get by with promises of what 'May' happen in the future...
Tell us what's going on Right Now!!! It has been long enough after Katrina to have Something Goin' On...
Other than spending nearly a million dollars on a fancy plantation house on the river they call their HQ...Funny, it doesn't look like a Corporate Headquarters to me...JMVHO
