Don't let them fool you...
Positives 1. Gap fill's after run up from positive news 2. Oversold Stoch and MACD at major gap turning to the upside. 4. Volume increased 5. Positive Press 6. Up 600% over 12 months. 7. HUGE Customer's signed up 8. Analysts are expecting sales growth of 68% through 2018 9. Big push for clean Energy... the cool stocks besides Bio and Marijuana 10. Positioned to...
She has been extended over the past month consolidating... I don't like the last two bear flag in the pennant but I attribute those to SPDR shaking out weak hands as they are the market mover that has been forming the flag... I am hoping through due to the upward trend in the Fib, MFI, Stoch RSI, SMA and the MACD kiss/reversal... plus the volume from yesterday...
Positive volume us up, 50MA and 100MA convergence,9EMA bounce, MACD bounce... broke flag... RSI and Stoch in buy territory and momentum is in our favor.
Nice bounce off of the .25/.75 fib line at 2.50. .382/.618 is 2.10. I think the sell off was a combination the AF artivle perfectly timed at the apex of the pennant; and new year profit takers that had been waiting 6 months to lock in profits. I am sure this is what AF (cramer) and his cronies had in mind and seeing they missed the boat and need to pick it up...
With the upgrade and looking at all of my trend lines I see this going UP!!!
What will the new year bring? I think it may drop a bit from here to complete the wave at the end of the flag. Ichi cloud dissipates right at the end as we as being the 50% fib... with volume we see a short squeeze in Jan. I will add on any dip... currently in w 49k shares at 2.06. Next buy could possibly be around 2.
Looking for over 3.86-3.93 for the squeezzzeeeee
added 1k at 1.95. Bounced hard off of fib, gap and trend lines.. and is that a cup?
news is just hitting... shorts are going to get hurt.
Dr. Kim had a strong message yesterday.. upgrading is'a'com'in. I would like to see the gap filled beforehand...
a secret... Broke major downward trend line. Has one more to go IMO. MM flushed weak hands yesterday after positive earnings (always play the three day rule). Insider bought after earnings and at the perfect technical time. It has also bounced HARD off of the 100 MA and upward trend line. I would like to see it pop hard with volume over the 50MA tomorrow...