Replies to post #68318 on Progressive Care Inc (fka RXMD)

[JohnCM]

[angeloh]

Thanks Doc...

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.

[Outcast27]

Better than Clay could have said it ..."Is this You CLAY" .....Technical Analysis - RXMD annotated weekly chart......... RXMDs Charts are works of ART.

Good to see Pa PA Bear , here too..

[beerbuoy]

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

But .15 - .20 is also very poss

Is this based purely on the charts, or are you including organic characteristics of the business in the background of your judgment?

I ask this as a T/A non-believer who, just as with Tony La Russa being a great manager or Tom Brady being the GOAT QB, I acknowledge that the record doesn't support my counter-opinion. Which is to say, I could see myself buying into chart analysis at some point, when overwhelming empirical facts overcome my belief system.. But I wish to fully understand the situation. I am a long-time investor in this company, completely independent of the trading charts.

So, what is precipitating your confidence in an extended run for $RXMD at this time?

[angeloh]

Yep...

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, or maybe break the .044 resistance.

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

[Dr PennyStock]

Technical Analysis - RXMD annotated weekly chart.

1 - The RSI pulled back at the 70 line, like I said last week, and, bounced back up also exactly where I said(green trendline on the chart last week). Next week most probably it will break through the 70 line.

2 - The +DI pulled back to test the ADX line(white line) as support, once again exactly like I said last week. Next week it will bounce off of the ADX line, causing a violent up move(run).

3 - Again, like I said last week, the MA200 at .028 is now the main support, a rock solid support, and, the stock bounced exactly there. This week it will make a higher high, probably at .033 - .0030, and, will not touch there again.

This was my prediction last week(in bold). Compare with the chart, and, then let me know if T/A works or not with penny stocks. It works like a swiss watch. Prediction for next week: RXMD will make a LOW(Low Of the Week) at .028 or near, and, will bounce back up.

Prediction for next week: RXMD will make a LOW at .033 - .0030, and, will run to .044 - .054.

The only resistance until .054 is at .044, and, I am 99% sure it will be broken.

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

Weekly chart


RXMD has .10 - .15 written on the chart. It's just a matter of time, not much.

.20 is also very possible.

Lets have a great week.