Once we hit that .001 - .0011 area, we will be at the apex of the ascending triangle that has formed since the last two spikes to the .001 area. There is an obvious uptrend line basically on a 45 degreee angle which is forming the bottom part of the ascending triangle. Ascending triangles are BULLISH formations.
There is a major gap headed our way. We are sitting at the point of no return. Either it will break out or break down. Based on the accumulation and good 'rumors' flying around, I suspect a break out before JPHC ever breaks down.
Close of .0008 for the week is very good. Most longs held steady and know this stock is worth much higher. Dogcatcher said next week should be the week we see news on the buyout so im sticking with his prediction. He has been the most consistent by far.
Tons of accumulation all week with someone big on the bid most of the week.
Next week is the week we should hopefully see the dividend, financials and buyout.
End of 1st quarter was today so my guess is that if there gonna report the financials for that quarter it will be within a few weeks.
AS long as it takes i will be waiting for between .006 - .008.
Patience is the key and buyouts are much more complicated than people realize so delays can happen.
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