$TPAC Holding very steady here today despite all
Post# of 22940
Posted On: 12/09/2015 2:01:26 PM
$TPAC Holding very steady here today despite all of the profit taking and with the RSI in the 80's on the daily chart. We may still move up on tomorrow's news or by EOD today. The absolute worst case short term scenario I see happening is a bounce off of R2 at .0009 to attempt to manipulate shareholders who see the momentary 'falling back into the .000's' a nightmare; the bounce off of R2 will then become solid support to either catapult from or to use as a base to stair step up from organically. Either way, this is going back up with a lower RSI. Long-term, this is going to make this little psychological barrier at .0014 look like a joke.
Look at the chart for BIEI. It went from .0025 to over .03. Over the next few weeks, it fell from .03 to .01 and was even manipulated by a quick 'falling back into the .00's' style shake before moving up to .0448.
My point? If you are long here and not here to flip, draw the parallel. While every chart is different, much of what goes on has crossover. Just know TPAC inside and out, and you will keep a cool head when others lose it based solely upon necessary chart corrections that cool off the indicators so they can be primed for the next run. All that said, should the company lose a huge client or be caught in some nasty debacle, reconsider the exit. Until or should I say, unless, that happens, nothings changed here. And as the cliched saying around the investment boards goes 'Know what you own'.
Look at the chart for BIEI. It went from .0025 to over .03. Over the next few weeks, it fell from .03 to .01 and was even manipulated by a quick 'falling back into the .00's' style shake before moving up to .0448.
My point? If you are long here and not here to flip, draw the parallel. While every chart is different, much of what goes on has crossover. Just know TPAC inside and out, and you will keep a cool head when others lose it based solely upon necessary chart corrections that cool off the indicators so they can be primed for the next run. All that said, should the company lose a huge client or be caught in some nasty debacle, reconsider the exit. Until or should I say, unless, that happens, nothings changed here. And as the cliched saying around the investment boards goes 'Know what you own'.
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