Tuesday trading. We may get news on FITX during o
Post# of 56324
Posted On: 06/24/2014 4:13:35 AM
Tuesday trading. We may get news on FITX during or after the meeting so interest seem somewhat mixed. Based on Mondays trade activity,Tuesday we may see a low of .0530 and provided that price action Tuesday is above resistance levels of .0554 and .0557 could clear the way to .0587/ .0618 resistance levels.
MACD, CMF and RSI does indicate a higher close tomorrow when noting that Monday price action had multiple .055 testing and support on low volume. The upcoming Weedstock conference (which seems targeted towards new money) should cause a volume spike in the coming week. Either way, IMO, FITX shares at .0530 is cheap stock. This does not change the .0425 trendline pricing I posted several days ago particularly if no materially significant news (initiate share buyback, retirement of shares, etc) comes from the Weedstock conference. I note that the millions of shares coming into the market in July is following the conference and IMO, licensing is not going to occur for possibly several months. If this occurs we will see a temporary spike in volume/PPS just prior to and following the conference followed by similar price action we have seen since last April 30th.
This provides numerous opportunity to continue acquiring shares (IMO)
MACD, CMF and RSI does indicate a higher close tomorrow when noting that Monday price action had multiple .055 testing and support on low volume. The upcoming Weedstock conference (which seems targeted towards new money) should cause a volume spike in the coming week. Either way, IMO, FITX shares at .0530 is cheap stock. This does not change the .0425 trendline pricing I posted several days ago particularly if no materially significant news (initiate share buyback, retirement of shares, etc) comes from the Weedstock conference. I note that the millions of shares coming into the market in July is following the conference and IMO, licensing is not going to occur for possibly several months. If this occurs we will see a temporary spike in volume/PPS just prior to and following the conference followed by similar price action we have seen since last April 30th.
This provides numerous opportunity to continue acquiring shares (IMO)
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