Replies to post #39428 on Fuse Science Inc (DROP)

[Long-vestor]

Unfortunately, what you're looking at is a bearish triple bottom. If that plays in, it doesn't stop till it runs into a double bottom, in the .09 range.

First it'll get a little pop and cover, but,, here's the description from stock charts.com as too why it's bearish:

A triple bottom breakdown is similar to a double bottom breakdown except that the price at which the breakdown occurred is a price that the chart retraced from two times before. This implies that the price level is a more significant area of support (area where buyers are willing to buy the stock and create demand that outstrips supply) than what is seen on a double bottom. The breakdown below this level implies that the sellers are now creating more supply than there is demand and therefore the prices are breaking down.

Triple bottoms are popular as bull signals. but fact is,, I've never seen one go bull, an I seen so many,, years and years watching people, including myself, get burned on them. a flood of stock hits the market. .


As you already know,, there's 71 million shares entering the into this stock

Hope, for a huge promotion. stop the sellers and increase the longs is the only thing that'll stop this. So, that Promo needs to be BIG.

If you don't have a stop loss in place, GET ONE!


The first resistance is .15 and about 11 million dollars worth of stock is sitting on the table, at what price for this stock, the total amount of share the hedge fund is getting, is still unknown.

My guess, is that, it would need to say; Daymond got them a MASSIVE DISTRIBUTION.

with that. this reverses into a bullish triple bottom and or a double bottom off of the .09. Double bottoms are 80% bull signals.

;)

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[WondertheGr8]

I would not trust that POS site at all !!

[wallst-winest]

John using a little TA, head & shoulders top with a neckline of $.20 would put the stock roughly at $.12 ($.28 - $.20 = $.08, $.20 - $.08 = $.12). I hate to use my T.A. with penny stocks but that is what I see in the tea leaves. So hopefully we base and move higher but with the crazy filings and threat of massive dilution no one knows. This thing could could shake down to $.05! Hold the line... Steady!