Posted On: 03/03/2016 9:01:58 PM
Post# of 22940
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$TPAC Spot on analysis, M. I noticed the Bollinger band (impending) pinch, today, too.
I might also bring up that support at the middle Bollie collapsed when the pps gapped down in February (as I said in a previous post, this was the first time in several months that the pps traded below the middle Bollie, aka the 20-day SMA). Support at the 50-day SMA also collapsed in recent sessions, too.
Current support is in the low .003s. As the lower Bollie continues up, the "tap," as you referred to it, could occur at this support level.
I'm not a Fibonacci person, but, just from "eyeballing" the chart, it looks like the pps is currently trading at roughly a 50% retrace from the high during the first week of February. Not being an Elliott Wave person, either, I can't tell you which wave we are currently on. However, there's gonna be a heck of a bounce, me thinks, especially if it's paired with a nice announcement from Bill.
All IMO.
I might also bring up that support at the middle Bollie collapsed when the pps gapped down in February (as I said in a previous post, this was the first time in several months that the pps traded below the middle Bollie, aka the 20-day SMA). Support at the 50-day SMA also collapsed in recent sessions, too.
Current support is in the low .003s. As the lower Bollie continues up, the "tap," as you referred to it, could occur at this support level.
I'm not a Fibonacci person, but, just from "eyeballing" the chart, it looks like the pps is currently trading at roughly a 50% retrace from the high during the first week of February. Not being an Elliott Wave person, either, I can't tell you which wave we are currently on. However, there's gonna be a heck of a bounce, me thinks, especially if it's paired with a nice announcement from Bill.
All IMO.
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Courage is being scared to death, but saddling up anyway.--John Wayne (1907-1979)
