FITX Daily Chart ~ Another 32.8% The MJ sector i
Post# of 2561
Posted On: 01/09/2014 12:53:16 AM
FITX Daily Chart ~ Another 32.8%
The MJ sector is the hottest sector in the OTC market over the last couple of weeks. I initially shared FITX back in October when the stock was trading in the .002s. As I mentioned previously, I missed the first run into the .006s, but I did enter after the double bottom was established at .002 in late December. As a matter of fact, a lot of us entered at that time. Since then, the stock has rallied to as high as .03 today for a 15 bagger for a few. FITX is very overbought now, so keep an eye on your gains and trade smart. I am on 1 mil freebies now. I've switched to following the 5, 30, and 60 minute charts now as I have attempted a few intraday flips. My goal is to hold this 1 million shares for the long term as the DD on FITX appears to be solid versus some of the other pot sector stocks, many of which will be nothing more than pump and dump scams. The trading on this stock will become more and more volatile as a real tug of war between the bulls and the bears today with numerous swings of 40-50% off of intraday lows to the highs. More news is rumored to be imminent, so even though the candles are completely outside of the upper bollie, and most indicators are heavily overbought, I'm holding a core. We'll see what happens as this company begins to execute its business plan of growing and selling 1.3 million pounds of product begin in the latter part of the year. That would be a huge revenue base, but I'll need to see the material events before day dreaming sets in. GLTA
The MJ sector is the hottest sector in the OTC market over the last couple of weeks. I initially shared FITX back in October when the stock was trading in the .002s. As I mentioned previously, I missed the first run into the .006s, but I did enter after the double bottom was established at .002 in late December. As a matter of fact, a lot of us entered at that time. Since then, the stock has rallied to as high as .03 today for a 15 bagger for a few. FITX is very overbought now, so keep an eye on your gains and trade smart. I am on 1 mil freebies now. I've switched to following the 5, 30, and 60 minute charts now as I have attempted a few intraday flips. My goal is to hold this 1 million shares for the long term as the DD on FITX appears to be solid versus some of the other pot sector stocks, many of which will be nothing more than pump and dump scams. The trading on this stock will become more and more volatile as a real tug of war between the bulls and the bears today with numerous swings of 40-50% off of intraday lows to the highs. More news is rumored to be imminent, so even though the candles are completely outside of the upper bollie, and most indicators are heavily overbought, I'm holding a core. We'll see what happens as this company begins to execute its business plan of growing and selling 1.3 million pounds of product begin in the latter part of the year. That would be a huge revenue base, but I'll need to see the material events before day dreaming sets in. GLTA
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