Replies to post #21526 on Hybrid Coating Technologies Inc (fka HCTI)

[sharpei]

Hi goat: I am including a picture of Thomas Bulkowski's Descending Wedge so you have something to compare to:



and the cutout from the $HCTI 3 mo chart:



There are no guarantees but this is the likeliest scenario given what we know re: 10Q Monday, new partnerships, etc. According to Bulkowski's calculations the target price off this formation should be the Start point, the high of .0044 (He gives a second calculation, which I have plotted and also arrived @.0043, which has a slight margin of error.)

The chart also shows a completed Elliott Wave Corrective series of A,B and C waves. The bottom @ .0014 crossed several 'possible' Fibonacci numbers which could have been the bottom and therefore this .0014, imo could not have been safely determined beforehand.

If anyone has further questions or needs a different HCTI time frame or weekly, etc let me know.