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  4. Rapid Fire Marketing, Inc. (RFMK) Message Board

Thanks for posting the chart technicals. Yes, wha

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Post# of 11899
Posted On: 10/23/2012 6:54:58 PM
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Posted By: EliteYoda
Re: gramps1942 #6315

Thanks for posting the chart technicals.


Yes, what is interesting about the trading action during this month is that on a technical basis, the moves have made perfect sense. Early on when the PPS spiked just over $0.004 on heavy volume, it was apparent that it was going to have to correct because the 50 DMA was still lagging behind at just a tick under the $0.002 level (half of what the then current price was). It came back to the 200 DMA and held support and then moved higher and over the last week of consolidation we have seen a correction back down to the 200 DMA to again wait while the 50 DMA catches up. Yesterday and today both retested lower price levels and some investors were lucky enough to snap up those cheapies and it closed basically at the 200 DMA so candles suggesting a bottom formation. What is very interesting is that if you project the trend line for the 50 DMA and extrapolate the date when a possible golden cross could occur, it looks as if it could happen right around the Nov 6th elections!


The other point I would make about the accum/dist trend line is that it was basically without trend when the price was in triple zero range and once the volume began increasing and the PPS went higher so did the accum/dist. This is counter to what many of the bashers are suggesting. They make the claim that this is a typical pump and dump with the only action being insiders pumping up the price in order to dump high, however that is not what we are seeing. We are seeing that many more investors are jumping in and initiating an investment in RFMK over time with gradual price appreciation, which is very healthy, building a base at every level.


The CMF not turning negative and instead reversing to go back up is also another positive sign for the stock. The RSI is again at just under the mid line so IMO this is a very good opportunity to load up and get long. The MFI has been on a steady downtrend in the last week or so and so that needed to refresh and it looks to have completed that as of today. We see the stock basically back at the levels it was before the summer, yet we have so many new developments and positive fundamentals which has changed this business since then to make it more valuable. I think there is a lot of value in RFMK and a lot of opportunity both on the fundamental and technical side.


GLTA!


$RFMK!



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