Replies to post #58989 on Progressive Care Inc (fka RXMD)

[undtrdr]

Interesting to note the WEEKLY CHART 100 Week MA is also serving as a noble resistance but here too the incoming bear cross of the 50 Week MA below it will likely takeover to become the future guide.
On the Weekly I mainly use the rejection of the middle bollinger band as my confirmation to stay short
All momentum indicators pointing down.
The .017 support has been tickled too many times now giving fair warning to longs ...a close below will trigger the imminent capitulation
Not many established supports after .017 makes this a great R/R SHORT
Churn baby CHURN!

http://stockcharts.com/h-sc/ui?s=RXMD&p=W&yr=2&mn=0&dy=0&id=p60505553033

[JohnCM]

Best place to short has been the touches on the 100 DMA
I expect after the leg down to .014ish the 50 DMA

If you want a good place to buy, I recommend at $0.018

[Jimmy Quick]

All this stuff is temporary nonsense. RXMD is getting ready to uplist to the OTCQB for a reason, and turned out first quarter profits for a reason with gross revenues well over 50 million and net revenues projected at 22 million for FY 2017. These share prices are short lived and not reflective of the value here. There is a reason we will be eligible for the OTCQX as well come next year when our 2nd year of audited financials are released, it's because they have the assets, revenues, and profits to just that. If anybody was listening you would have heard that they are expanding in Florida and considered a top rated 5 star pharmacy.