GWBU... why I liked it as a bottom bouncer... First off all APS plays have a sick bounce after the play is over... question is when does that happen? The key to nailing bottom on these is to keep an eye on L2 and locate the paper seller. In this case it was VNDM... what we are looking for is a sign that he is finished. In this case it ended in capitulation which you can see here on this 60 minute chart (can really see it well on the 1 min chart).
He shot a few big blocks at 0.003 which was not a retail transaction imo... once those blocks hit, he moved around some but eventually moved way outta the picture and was no longer a factor on L2... from then on it was basically trader vs. trader which is an ideal setup on a beat chart... this thing needed a bounce and once the selling pressure was over it could gain some traction. You can see that once those blocks hit we never went lower than 0.003. Friday was the "push" day starting after lunch time... at one point level 2 had 9 MMs lined up at the same price pushing the price higher. That is your sign to strap in because this is the move that you've been waiting for. No question whoever was handed those 20 million shares was the driving force behind this move.
How much more does it have? No idea... key break of 0.013 and it can really move... but for the savy trader you are already out or mostly out and anything from here is lagniappe... identify the setup and take the trade at the lowest point to limit your risk and sell when all the $$$$ sign posters show up and start pumping like drunken idiots... makes for a much better trading experience and also allows you to sell into the move rather than trying to catch it on the way up and get out before it crashes...
The 1 month chart shows the potential return of paying attention to these big name promotions after others forget them... Knowing that we look to TAGG and PWEI as the next up on deck for a play similar to this one... so keep those on watch over the next month or 2... hoped this helped anyone interested in trying to cash in on one of these in the future... any questions, feel free to pm...
Welcome aboard and glad you like MWIP. The chart on that one is set for a major rip. Once we see solid news or a legalization vote (or both), that one should run into the pennies with ease....
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