(Total Views: 386)
Posted On: 07/16/2017 6:42:57 PM
Post# of 75098
For swing traders: RMHB offering a very nice reward to risk set up with entry here and a stop on a move below .05 would look for a move to .065 as the first area to watch for selling. I would Respect a stop on move below .05 as it is in a bear flag pattern. Better than a 4 to 1 reward vs. risk set up.
The hourly chart looks like a rounded bottom with good buying volume coming in.
For longer term investors: it had an inverted hammer off of the 200ma on the Weekly chart, which can be a bullish sign IF it confirms higher this week, a close above .06 end of day Friday would make it a morning star reversal to me and those can be very powerful on the weekly chart,but it has work to do 1st.
IF bigger money has been interested in building positions here, this is how they do it, by grinding down holders over time. They have more money and time than most of us can imagine and are very skilled at getting the prices they want. I have been an RMHB fan since May,but only a trader on it (never short).
Hope you all hang in there and get a huge, sustained run up that can only come after manipulation by large operators who want in and are steadily absorbing the supply of shares. Believe it or not manipulation for absorption of shares is your friend in the long run. Hope it works out for you all!
Anyone interested in it can study Richard Wyckoff, he made a living studying and understanding how larger operators work in a stock.
The hourly chart looks like a rounded bottom with good buying volume coming in.
For longer term investors: it had an inverted hammer off of the 200ma on the Weekly chart, which can be a bullish sign IF it confirms higher this week, a close above .06 end of day Friday would make it a morning star reversal to me and those can be very powerful on the weekly chart,but it has work to do 1st.
IF bigger money has been interested in building positions here, this is how they do it, by grinding down holders over time. They have more money and time than most of us can imagine and are very skilled at getting the prices they want. I have been an RMHB fan since May,but only a trader on it (never short).
Hope you all hang in there and get a huge, sustained run up that can only come after manipulation by large operators who want in and are steadily absorbing the supply of shares. Believe it or not manipulation for absorption of shares is your friend in the long run. Hope it works out for you all!
Anyone interested in it can study Richard Wyckoff, he made a living studying and understanding how larger operators work in a stock.
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The fruits of your success will be in direct ratio to the honesty and sincerity of your own effort in keeping your own records, doing your own thinking and reaching your own conclusions - Jesse Livermore
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