FITX Daily Chart ~ Huge News on Monday AH Reversed
Post# of 2559
Posted On: 01/01/2014 9:21:32 PM
FITX Daily Chart ~ Huge News on Monday AH Reversed the Stock
I've discussed FITX with friends for a while, and I have posted mention of the stock since October here on the board. I missed the first leg when the stock ran from .001 to .0064. When the stock ran out of steam, (check the FullSto and MACDs in late Oct/early Nov), I kept it on my watchlist. The first indication that it was time to enter FITX was the double bottom at .002. The second was the positions and levels of the FullSto and MACD, clearly near the bottom rather than in the stratosphere as two months ago. The third, although I didn't notate it, was that the stock broke above the declining tops line since the high at .0064. I jumped in on Monday at .0025, .0026 and .0029. Then after hours, the company got press in Forbes Magazine. The result was Tuesday major gap up. FITX traded almost 230 mil shares. If that didn't clean up a few flippers, then nothing will. Now we'll see what January has to offer. This kind of volume doesn't come from penny players. Tuesday morning, the stock was way outside the upper bollie. Yes, sold a few at .0057/.0058 but bought back at .0047 and .0052. I watched the 5 minute chart and saw a bottom forming intraday at .0047/.0048, so that was good enough. The pop above the MA200 was a good thing also. I'll have to let this one play out over the next day or two to get a sense of direction. Had it not been for the tremendous volume, I would have sold everything due to the gap. Mistake or smart, lol, we'll see soon. GLTA
I've discussed FITX with friends for a while, and I have posted mention of the stock since October here on the board. I missed the first leg when the stock ran from .001 to .0064. When the stock ran out of steam, (check the FullSto and MACDs in late Oct/early Nov), I kept it on my watchlist. The first indication that it was time to enter FITX was the double bottom at .002. The second was the positions and levels of the FullSto and MACD, clearly near the bottom rather than in the stratosphere as two months ago. The third, although I didn't notate it, was that the stock broke above the declining tops line since the high at .0064. I jumped in on Monday at .0025, .0026 and .0029. Then after hours, the company got press in Forbes Magazine. The result was Tuesday major gap up. FITX traded almost 230 mil shares. If that didn't clean up a few flippers, then nothing will. Now we'll see what January has to offer. This kind of volume doesn't come from penny players. Tuesday morning, the stock was way outside the upper bollie. Yes, sold a few at .0057/.0058 but bought back at .0047 and .0052. I watched the 5 minute chart and saw a bottom forming intraday at .0047/.0048, so that was good enough. The pop above the MA200 was a good thing also. I'll have to let this one play out over the next day or two to get a sense of direction. Had it not been for the tremendous volume, I would have sold everything due to the gap. Mistake or smart, lol, we'll see soon. GLTA
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