Replies to post #69191 on Progressive Care Inc (RXMD)

[ndww42]

Excellent analysis as always Doc!

Looking forward to this week especially with monthly revenues news likely.

[JohnCM]

There you go. Grab some 29's.

[angeloh]

Thanks as always for your excellent analysis there Doc...
RXMD GOLD

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

[dutchie64]

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.

I agree, and thank you for youre effort, but there is always the partypooper named "dilution".
That wil kill every chart imo.

And i see VNDM on the ask right now, that is not a good sign imo.

Lets be clear own a bunch of RXDM so i want this to run.

[Dr PennyStock]

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138461275

It's all there.

See where it made LOW, and, where it closed.

Weekly chart: http://schrts.co/wCFi5D

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.

[Jimboslicefi]

Dr. Penny you think its going to go to .03 then bounce from there?

[Dr PennyStock]

Technical Analysis - RXMD annotated daily chart.

1 - The RSI is overbought, however, the maximum is at 100, so still has a little room to the upside.

2 - The +DI is almost at the same level where it pulled back on the first run to .042.

3 - The MACD is also too high.

4 - The main supports are now those two green trendlines, so if the stock pulls back, will support on that point 5, more or less at .065.

5 - Just to explain why I said that the stock could pullback to around .036, when it ran to .046. It is very simple. This is a technical run, supported by fundamentals, but, a technical run, without a doubt, so if the stock bounced exactly when touched the trendline(point 3, resulting of the connection of points 1 and 2, and, extension of that line), it could have touched again the trendline, at the time at .036(point 4). It is very simple to understand this, if you look at this chart.

Stocks are not fireworks, that run directly to the top. Stocks form supports and resistances. Both can have a form of a trendline, and, when the PPS touches a trendline, it bounces there.

Prediction for next week: .1 is a psychological barrier(round number), and, the stock is already in overbought territory, however, I already saw stocks running for weeks inside the overbought zone(above the RSI70 line), so it is very difficult to say what will happen next week. It may pullback to touch again the trendline, to cool down the indicators, and, gain momentum to break .1, or break .1, and, only then make a pullback to test that same .1 as support. Anyway, in any of the above case scenarios, .1 will be broken, if not next week, the one after.

Daily chart


Like I said on my analysis before, RXMD will run to .10 - .15, or even maybe .20.