Replies to post #66524 on Progressive Care Inc (RXMD)

[angeloh]

Yep...

Technical Analysis - RXMD annotated daily and weekly charts
Both charts, daily and weekly, gave several buy, strong buy, and, very strong buy signals in the last days/weeks.

The daily chart gave nothing more nothing less than seven( 7 ) buy signals. Some "strong buy", and one "very strong buy" signal.

Look at the daily chart below. All the buy signals are signaled by green circles/ellipses.

1 - The RSI crossed the 50 line to the upside, the so called power zone or MOMO zone = buy signal

2 - The MA50 was broken. This is the second most stronger resistance in any chart, so = strong buy signal

3 - The PAR SAR was broken as resistance = buy signal

4 - At the same time the MA200 was broken. This is the strongest resistance in any chart, so = very strong buy signal

5 - The next was the MACD crossover = buy signal

6 - The +DI line crossing the -DI and ADX lines at once = strong buy signal

7 - The -DI line crossing the ADX line to downside = buy signal

The daily chart gives short term technical signals, since a few weeks upto 3 - 4 months.

[Dr PennyStock]

Next resistances at .038 and .044, but, looks like they will not be a problem.

It may run to .054 sooner than I thought.

[Dr PennyStock]

Technical Analysis - RXMD annotated weekly chart.

1 - The RSI is pulling back of the overbought zone(above the 70 line). The green trend line will be where it will bounce back up.

2 - The +DI is also pulling back to test the ADX line(white line) as support, and, this will cause a bounce.

3 - The MA200 at .028 is now the main support. At the same price level we have that green trend line, so .028 is a rock solid support, because two strong supports are right there.

Prediction for next week: RXMD will make a LOW(Low Of the Week) at .028 or near, and, will bounce back up.

Like you can see, the only resistance until .054 is at .044, and, that's why the stock pulled back at .042, so I think the stock will test .042 again next week, or maybe break the .044 resistance.

I call a white(green) candle with a HOW between .042 and .054.

Weekly chart


Like I said about one week ago, RXMD will make a run similar to that one two years ago, when it ran from .0048 to .054.

I am 100% sure, I repeat 100% sure, that RXMD will run to .10. This I guarantee.

But .15 - .20 is also very possible.

Bookmark this post if you like it, and, you want to see in a week, if I am right or not.

Have a great weekend.