Yes, the technicals are looking very good for RFMK

Yes, the technicals are looking very good for RFMK. The 14-day MFI just turned up today after being a bit stretched in overbought territory for a while and then coming back down to refresh. Same situation for the MACD, the shorter term trend line is now crossing back over the longer term average. The golden cross is upcoming. RSI looking to be back in healthy territory. Retest of PPS values under 200 DMA recently on low volume showed convincingly that the stock is naturally supported above the 200 DMA (0.003). The 10-day MA is at 0.0034. Since first few days in Oct when stock hit 0.0041, the stock has traded in a narrowing envelope (flag pattern) from 0.0031 to 0.004 with a mid-line at 0.0034. It looks like this period of trading has effectively been a consolidation phase. It is not very surprising that this has just been a "reversion to the mean" from when the stock took a downturn into the triple zero ranges after it had been at these same levels back in May and June, which was a time when the 200 DMA was again 0.003 (no change of 200 DMA between periods). All of the recent action has occurred on higher average volumes than the decline that took place late into the summer into triple zero prices. Yet even with the PPS upward movement, the daily short sale volume ratios have remained at the highest levels in months.

I think the fundamental valuations are even more intriguing than the technicals in understanding the opportunity that exists in RFMK. If we assume the company could grow revenues by about 50% per year, which seems high but actually is extremely conservative for a successful start up like RFMK (imagine, $200k year one rises to $300k the next year, that is a 50% increase), then the P/E multiple could be assumed to be about 50. If the 2,000 CannaCig units they have are sold in a year (~$200k) and we count the already existing $300k in assets on the balance sheet along with the $1.5M in funding they have with Ironridge, that is about $2M in worth versus a 1.47B O/S, which leads to a fair PPS valuation at about $0.07/share !!! No wonder the technicals are looking good for RFMK! It's because the fundamentals suggest a massive increase in the PPS over the long term, simple! KISS == Keep It Simple Stupid. Do not over-complicate your thinking when it comes to the opportunity in the RFMK investment. RFMK is heading toward success and so the stock will follow eventually.

GLTA!

$$$$ $RFMK! $$$$