How low? Looking back at the charts, there should
Post# of 75421
Posted On: 06/17/2015 4:16:25 PM
How low? Looking back at the charts, there should be a significant resistance at 0.128. As long as the true believers stay in this and are adding to their positions (like I am), then the 0.128 mark is a benchmark where many of the longs entered the race. I think, if it starts falling below that, you would need many of the longs starting to sell their positions, which seems counter intuitive since the earnings release is coming up.
I think about 0.128, you have more day traders and short-term investors playing in that arena, but below 0.128 it's mostly the long term investors.
So I don't think you'll see a lot of selling below 0.128, with the exception of a few day traders moving on to something else.
But given that June 30th is just around the corner, the urge to sell anymore is irrational. The predicted earnings for this quarter are obviously going to be surpassed in record numbers. So June 30th should be a good pop. You'd be a fool to sell now.
The question will then be how THCZ can hold on to the momentum going forward. And I think that an announcement about uplisting to a larger OTC market is going to help keep the share price afloat.
I think about 0.128, you have more day traders and short-term investors playing in that arena, but below 0.128 it's mostly the long term investors.
So I don't think you'll see a lot of selling below 0.128, with the exception of a few day traders moving on to something else.
But given that June 30th is just around the corner, the urge to sell anymore is irrational. The predicted earnings for this quarter are obviously going to be surpassed in record numbers. So June 30th should be a good pop. You'd be a fool to sell now.
The question will then be how THCZ can hold on to the momentum going forward. And I think that an announcement about uplisting to a larger OTC market is going to help keep the share price afloat.
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