Replies to post #23554 on ProText Mobility Inc (TXTM)

[fredisthebest]

Supply outweighed demand for today. This is a penny stock. Buying high today would have been a bad idea. Again, after 88%, 111%, and 29% gains, it's going to happen. It's going to sell a bit....that's consolidation. It consolidates to a support level higher than previous ones, which is .003. Now it can move up...not saying it will, but people will be surely more comfortable getting in now than after 3 crazy days of massive green.

[rawsteel]

Needs another days' candle to confirm though

[fojcol]

Today was not a bearish engulfing pattern. Yesterday's candle body wasn't small enough, and the wicks were too long. Also, the candle body today did not entirely engulf yesterday's candle and wicks.