Replies to post #36935 on Limitless Venture Group Inc (LVGI)

[SuperVeloce]

If a chart controlled the pps we should've been gold a while ago.... But charts don't control pps... PEOPLE do,, people are afraid and scared and they're going to sell... Some people are down 10s of thousands of dollars from selling... And who knows with news coming we might go down again lol with our luck...

[SynthTrader]

I drew a line on the chart showing a general chart support. It is a "zone" around .0023, based on previous support in early April, and what was resistance way back in February. Plus, it is currently the lower bollie.

50-DMA can be a great support, generally speaking, but I find that it tends not to hold as well when the 20-DMA is moving down to meet it, as was the case the here. The 20 was acting as resistance as it came down, so there wasn't much "wiggle room" between the two moving averages, making a drop below the 50 easy.

I'm talking to a chart trader, so you know this, but I thought I'd paste the chart to show what we're looking at, for those who are interested.