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Posted On: 11/18/2017 8:43:43 AM
Post# of 40989
Re: OldSaltDawg #1414
In that previous chart, you will notice the Bollinger Band is getting more tight (blue lines which form a channel on the chart) and will soon open one way or the other (I am guessing to a higher price), however, The Ichimoku cloud is following the PPS line and not providing a lot of PPS possible direction. If you look at the end of December you will see the red line just begins an upward direction. In my opinion, the Ichimoku cloud is showing a sideways continuation for the next month.
In my opinion and based on the way I read the chart, we can see a continuation of a sideways PPS for the next couple of weeks. From my experience, this is a good thing as I relate this to the coiling of a snake about to strike.
As I have mentioned previously, I don't put much confidence in stock charts indicating anything in penny stocks. Too many other variables (news, rumor, manipulation and other things) would normally factor into a stock price movement.
The chart does not show the Exponential Moving Averages I use => 20=.0109; 80=.0090; 200=.0057
I have no intention of selling any of my shares (and added to my position yesterday.
Take away what you will and this is all only my opinion.
In my opinion and based on the way I read the chart, we can see a continuation of a sideways PPS for the next couple of weeks. From my experience, this is a good thing as I relate this to the coiling of a snake about to strike.
As I have mentioned previously, I don't put much confidence in stock charts indicating anything in penny stocks. Too many other variables (news, rumor, manipulation and other things) would normally factor into a stock price movement.
The chart does not show the Exponential Moving Averages I use => 20=.0109; 80=.0090; 200=.0057
I have no intention of selling any of my shares (and added to my position yesterday.
Take away what you will and this is all only my opinion.
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'Everything works out in the end,,,If it hasn't worked out,,it's not the end'
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