News Focus
News Focus
Followers 126
Posts 5586
Boards Moderated 0
Alias Born 08/10/2010

Re: gempicker post# 58954

Tuesday, 03/18/2014 12:49:29 AM

Tuesday, March 18, 2014 12:49:29 AM

Post# of 91007
* SVFC - chart analysis

No one was more surprised by the inability to get a > 0.01 run going, than me.

Squeezing Bollingers, upper Bollinger band break, should have resulted in a sustained 300-400% run. It's rare for subpennies to have a false breakout.

This pattern is much more commonly seen in > 0.01 stocks. Dollarwise, we are also trading much more $$ volume than typical subpenny stocks, and this may account for the difference in typical chart patterns.

I suspect we've had a false breakout, which, after a certain period of consolidation, will be followed by a real breakout.

This consolidation can last 1-3 weeks, occasionally longer.



Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today