Replies to post #183124 on Dewmar International BMC Inc (DEWM)

[Swinetime]

100 %

[Mysterium]

Dead on. These are accumulation tactics. Look at the chart, linked below. Compare the downtrend in price per share and duration to the accumulation line itself. If this were organic selling(or buying) the trend in price and accumulation/distribution would be relatively uniform, even if one was ahead or behind the other. Also notice the RSI(14) is down to 48. We usually get a bounce in the low 50's as the first level of RSI trend support, but that said, 41 is the bottom level of RSI trend support; which means 48 is getting our RSI ice cold. Now take into account the pps and trend again, noting there is no change in accumulation and the RSI is about to test historical support on the daily. Of additional note, the MA50 is at .0077 and rising(think support; at least another layer), the bands are pinching and looking to close the BB%width around the .01 area, with a MACD histogram in the oversold range as trending heavily below the signal line. Wm%R showing signs of reversal as well.

https://www.tradingview.com/x/dz6nmOxg/

http://stockcharts.com/h-sc/ui?s=DEWM&p=D&b=5&g=0&id=p96700064197


That covers the daily.


The Weekly is showing a golden moving average cross. Strength in the MACD histo trend, and an RSI that is cooling nicely. MM's and other individuals could be manipulating the daily down to feign weakness in order to cool a strong weekly so it has room to run in tandem with the daily on a bigger move, which would take into account the sideways daily accumulation. RSI on the weekly is 67. We are nowhere near meeting the middle band, so no reason to post that, though instead, pivots have been added, with R2 pivot showing support at .007 by the week. RSI would be very cool on the weekly at that point. MFI is looking healthy as is the histogram above, but both could cool with the RSI and be ready to bounce at R2 .007.


http://stockcharts.com/h-sc/ui?s=DEWM&p=W&b=5&g=0&id=p39252894497



And then we have the conference call which could send movement in either direction depending on earnings and what else is revealed.

Take to heart the last sentence about the CC and how that parallels the chart. The chart is set to move quickly in either direction depending on the fundamentals and shareholder expectations.

Long story short, I'm hoping for a strong call and a strong upward move in price.