You said LCLP would drop down today to .0225 or lower from your chart reading yesterday and today your saying that tomorrow it should drop to or close underneath a penny!...? Do the charts you use take into consideration how many shares have traded hands way above those super low numbers in its analytics when it spits out those negative doji signals for you? The VWAP is a great indicator of what the average price per share is paid for along with the volume for each day!
So, if let's say for argument sake approximately 90% of all of the shares have been bought at higher prices than today's close of .0293 then there would only be about 130 million or so left that can be sold without the investors who own them taking a loss! Does it take those types of numbers into consideration like how many of those 130 million shares are owned by longs who won't be selling anywhere near .03 like myself? Do your charts know how many shares are locked up by all of the longs who are waiting for much higher prices to sell and how many total investors are sitting upside down in their positions who view selling at a loss completely out of the question? Does it take into consideration what the true market value is of the stock it prints out those dojis for and know the many variating details of all of the necessary factors that govern the company's value?
There are so many factors that need to be considered before any chart can have an accurate forecast of where its share price will go from day to day! Is the market that the company is in a hot market? Does the company have an awesome management team? What are the catalysts that are coming up? Is there a huge social media interest? If the company is merging with another business is that other business worth many times its current share price in respect to the amount of shares traded in the public? How many day traders are flipping the stock? How much short interest is there? Is the RSI high or low? Is there any dilution? Is there any naked shorting taking place? I don't think your charts take all of the necessary factors into consideration to spit out a true accurate forecast and if it does then tell me where I sign up and how to input all of the necessary factors that influence the day to day trend or fluctuations in the share price of a stock!
All I know is we are not going to see the share price dip underneath .02 unless there are many shareholders that want to sell their shares at a loss! We are currently sitting at a share price that makes us extremely undervalued in accord with the true market evaluation for Belfrics alone! Once that deal has been completed our share price will run much higher and the anticipation in its completion is also another factor that won't allow the share price to fall much further if any at all! Of course everything I have written in this post is in my own personal opinion which I try to take all things into consideration regarding the necessary factors that influence a stock's share price in relation to if it is overbought or oversold or too high or too low at any given time! After considering all of the current DD regarding LCLP, I think it is trading at a very small percentage of where it should be trading at this time for sure! IMO ~LCLP will become a minimum 10 bagger from today's close price in the next month or two!
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