Just looking at the TA picture...... At the end
Post# of 75359
Posted On: 11/11/2016 10:42:46 PM
Just looking at the TA picture......
At the end of the day I lean heavily on the chart.....I don't totally disregard the fundamental picture, its good to know what the potential fundamental drivers are that go into influencing buying and selling decisions which ultimately create the chart. But when its all said and done, for me, the chart has the final say.
Right now the chart to me looks 50/50, like it could go either way. Since the PPS first spiked after the QB listing the PPS has not closed below the 50 dma, that is bullish. And until yesterday the PPS had not closed below the 200 dma, when it dropped below that was a bearish signal, thankfully it climbed back over today. And the closing price yesterday was still higher than the pull back from the previous spike so the narrative of higher lows is still intact for now.....what I want to see next is a higher high.
This is where it helps to know what the fundamental drivers are....and in fundamentals I include all publicly available information. And the meeting on Saturday is a fundamental reality that could have a big positive impact on this stock.
If shareholders (both prospective and potential) are excited about where the company is going with this Brand, then I can definitely see that serving as a catalyst that will turn the technical picture from cloudy to solidly bullish once again.
Looking forward to reading about the meeting....
At the end of the day I lean heavily on the chart.....I don't totally disregard the fundamental picture, its good to know what the potential fundamental drivers are that go into influencing buying and selling decisions which ultimately create the chart. But when its all said and done, for me, the chart has the final say.
Right now the chart to me looks 50/50, like it could go either way. Since the PPS first spiked after the QB listing the PPS has not closed below the 50 dma, that is bullish. And until yesterday the PPS had not closed below the 200 dma, when it dropped below that was a bearish signal, thankfully it climbed back over today. And the closing price yesterday was still higher than the pull back from the previous spike so the narrative of higher lows is still intact for now.....what I want to see next is a higher high.
This is where it helps to know what the fundamental drivers are....and in fundamentals I include all publicly available information. And the meeting on Saturday is a fundamental reality that could have a big positive impact on this stock.
If shareholders (both prospective and potential) are excited about where the company is going with this Brand, then I can definitely see that serving as a catalyst that will turn the technical picture from cloudy to solidly bullish once again.
Looking forward to reading about the meeting....
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