Charts are of use when it comes to support and res
Post# of 15624
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Posted On: 03/11/2017 4:28:45 PM
Charts are of use when it comes to support and resistance. Many think that they should be thrown out the window when it comes to OTC QB stocks and in some instances that is true.
Charts are valuable to see the break points of the manipulation as you call it. Fact is, the MMs will walk a stock, any stock down to cover their naked shorts, which they are legally allowed to do, cover their positions and restock on shares for a hot stock for the next run up. It's their job. We must use charts to forcast when those events will occur.
Be honest. OWCP got great news and it boomed to $3.23. Right? Everyone was excited and thought that it would go higher forever. Typical thought process. What happened? It did a retrace which happens to ALL stocks.
The charts help to identify points to sell and repurchase any stock to secure gains. That's the name of the game.
As I said, I will trade, the same as our new ETF will do to make the most profit for their investors. And at this point again I say, I don't care about price, only how many shares can I get. In a year or so when OWCP does an earth shattering kaboom, then I may sell and be done.
As a trader I'm in OWCP to make money/shares. As an investor, I'm in OWCP to see the company succeed.
Charts are valuable to see the break points of the manipulation as you call it. Fact is, the MMs will walk a stock, any stock down to cover their naked shorts, which they are legally allowed to do, cover their positions and restock on shares for a hot stock for the next run up. It's their job. We must use charts to forcast when those events will occur.
Be honest. OWCP got great news and it boomed to $3.23. Right? Everyone was excited and thought that it would go higher forever. Typical thought process. What happened? It did a retrace which happens to ALL stocks.
The charts help to identify points to sell and repurchase any stock to secure gains. That's the name of the game.
As I said, I will trade, the same as our new ETF will do to make the most profit for their investors. And at this point again I say, I don't care about price, only how many shares can I get. In a year or so when OWCP does an earth shattering kaboom, then I may sell and be done.
As a trader I'm in OWCP to make money/shares. As an investor, I'm in OWCP to see the company succeed.
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