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  4. Creative Edge Nutrition Inc. (FITX) Message Board

Trading range is tightening up with .0577 top and

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Post# of 56324
Posted On: 07/09/2014 3:04:10 PM
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Posted By: otctrader
Trading range is tightening up with .0577 top and .0487 bottom, SMA 200 and SMA20 currently at .0554 continue closing the gap. Resistance levels are .0517, .0554 .0595 and a close above .0554 would indicate Bulls taking control. CMF showing continued accumulation and RSI in conjunction with MACD trigger crossover with yesterdays low .0475 and today's .0493 open showing buyers ready to jump in but still hesitant about shares coming into the market and are looking to buy at bargain prices. With the SMA200 currently at .0445 and averaged market volume the shares coming into the market may again drive PPS into the mid 4s but they will be quickly bought up as can be seen by the SMA200 and MACD trigger crossover. IMO the overall market sentiment for FITX shareholders is cautious accumulation. We may find MM's withholding the selling of large blocks to create retail buyer activity in the coming weeks which would drive PPS up. Just an opinion here, the MM's are well aware of market sentiment and will likely use anticipation as a tool to create liquidity. Again, look for confirmation as PPS moves over the SMA20 or bounces off the SMA200. For myself, I use GTC Limit BUY orders slightly over the SMA200 for accumulation and if selling a portion of holdings I look for confirmation at the top of the trading range and only take profits off the table (if any) to use to accumulate additional shares. In addition, there are smaller volume companies that have HC licensing already. Those licensed smaller companies will be very attractive to larger companies that will want to consolidate or control market segments in the future as the mmj/hemp market matures. Just my personal opinions here. Please always use your own due diligence and analysis and do not depend on my opinions or analysis to make any investment at any time in any stock. (even though I am almost always correct). LOL


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