One of the things to note right away is that SURG routinely traded at $6 or $7 over the past several months. Now, despite being a much stronger company after the uplist and the capital raise, it is currently trading at less than half those levels.
But the main point of the chart is to show the pinch that is forming.
A PPO-ADX pincher occurs when the PPO(12,26,9) and ADX(14) lines approach each other when graphed with the PPO above the ADX. It is a strange technical indicator, because it uses 2 different indicators together -- they "pinch" together.
Others use different parameters for the PPO and ADX, but I find that these standard settings work well.
For an ADX-PPO pinch to be "triggered," one should wait until the two lines have come close together and then show signs of diverging, and the red ADX should cross the green and the TRIX should be curling up.
I have used this chart formation to great advantage over the years. The thing is that if you wait all the way until the pinch has triggered, you end up paying a LOT more for your shares. Then again, the risk about buying before a pinch triggers is that you might buy too soon, before it has bottomed. The safer buy would be to wait for this to get up around, say, $3.50 and then buy. I just really like my sub-$3 average cost basis.
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