The stochastics are on a very strong uptrend. I th
Post# of 11899
The stochastics are on a very strong uptrend. I think the strongest signal is the accum/dist chart and shows that the float is gradually getting locked up (base forming with shareholders buying and holding). Even with the strong technicals, many will point to the exponential indicators already moving above rather high thresholds, however it is important for all to note that even though the daily volume has grown substantially to 50M+ shares traded, that only represents nearly 4% of the outstanding shares so with much higher intraday volumes, the stochastics could still move much higher. It is apparent that after observing the long term chart, the PPS downtrends have occurred on very low daily volume whereas the upward moves have happened on higher than average volume. Knowing how unknown the RFMK company still is, I would think it is not too far out in left field to imagine that the investor interest in the stock has only just begun. If that is so then there is possibly a lot of room left for a greater number of investors to analyze the company and stock and desire to hold shares which would greatly increase the daily volume. Even with 100M+ daily volume, that is still a mere 7% of the total shares trading and roughly about 10% of the float trading to move the PPS each day. I think it is reasonable to assume that the daily volume could at some point in the future reach epic proportions and could even grow to say 25% of the float which would be multiple hundreds of millions of shares trading each day which I would think could get the PPS much much higher.
GLTA!
$RFMK!