Lets go to the chart.. http://i.imgur.com/JKn57
Post# of 15624
(Total Views: 160)
Posted On: 02/28/2017 8:54:46 AM
Lets go to the chart..
ADX DI + and - looks amazing but the DI lines need to get narrower eventually
SLOW STO has plenty of room for upward growth
CCI shows overbought
PP shows $2.15 with resistnce of $3.18
investor excitment could get it to close green ( who doesnt love a green day?)
Fundamentally speaking, its going to retrace and close red
Fundamentals aside, again, investor excitment is high. the conference is tomorrow. lots of stuff happening right now.
Very difficult to determine the movement today. i want to say its going to close green, but seeing the conference is tomorrow and we're going to get some sort of news eventually, it may be good for the longs if we start closing red for several days; reset the chart. If this happens, we'll have no problem hitting that $10 mark
So to answer your question:
As an investor.. its going to close green. i want it to close green, but red days could help level it.
As a chartist, its going to close red
As a fundamentalist, its going to close red
..pretty much, i have no clue. It doesnt really matter right now. We know the overall trend will be upward throughout 2017
Seeing yesterdays candle has a tall wick, there was interest which pushed it up to $3.00, but we closed lower than the HOD. Because we hit that HOD, it makes it easier for us to hit it again today as that candle is called a continuation candle; continued upward trend.
ADX DI + and - looks amazing but the DI lines need to get narrower eventually
SLOW STO has plenty of room for upward growth
CCI shows overbought
PP shows $2.15 with resistnce of $3.18
investor excitment could get it to close green ( who doesnt love a green day?)
Fundamentally speaking, its going to retrace and close red
Fundamentals aside, again, investor excitment is high. the conference is tomorrow. lots of stuff happening right now.
Very difficult to determine the movement today. i want to say its going to close green, but seeing the conference is tomorrow and we're going to get some sort of news eventually, it may be good for the longs if we start closing red for several days; reset the chart. If this happens, we'll have no problem hitting that $10 mark
So to answer your question:
As an investor.. its going to close green. i want it to close green, but red days could help level it.
As a chartist, its going to close red
As a fundamentalist, its going to close red
..pretty much, i have no clue. It doesnt really matter right now. We know the overall trend will be upward throughout 2017
Seeing yesterdays candle has a tall wick, there was interest which pushed it up to $3.00, but we closed lower than the HOD. Because we hit that HOD, it makes it easier for us to hit it again today as that candle is called a continuation candle; continued upward trend.
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There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
Disclaimer:
As used herein, the terms "You" and "Your" shall mean you, individually, the reader, and each other party on whose behalf you may use the contained information at any time.
All references to "My", "I", and “The writer of the above post” shall refer to the creator of the username Joey68.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice, and are NOT designed to substitute the expertise and judgment of a professional. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in the above post.
I am NOT a professional.
I do NOT work for you.
My posts are NOT investment advice. I am not paid to post.
There is no correlation between the number of posts I write per day and your assumed success of a company.
It is NOT my responsibility to inform you of my own personal investment decisions.
It is NOT my responsibility to inform you when it is time for you to buy, hold, and/or sell a position.
I have no control over, and am not responsible for the actions of others who copy, store, edit, change, prepare any derivative work of or alter in any way any of the content provided in my posts.
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The above post may contain links to websites owned and operated by third parties. These links are provided for informational purposes only and are NOT endorsed by the writer of the above post. The writer of the above post has no control over the contents of any linked website and bears no responsibility for the accuracy, legality, or content of the external site or for that of subsequent links.
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There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
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