technical analysis RMHB 1 million shares traded
Post# of 75355
(Total Views: 513)
Posted On: 10/04/2019 12:18:01 PM
technical analysis RMHB
1 million shares traded yesterday and same already today... that is some decent bear volume. potential bear climax coming up. those bears are on euphoria mode.... that is VERY risky to be in a bear position at these levels
charts never lie...0.035 have been reached and I got my fill....I hope everyone have their bids in place...if it goes even lower (odds are sadly good, no reason for 0.035 to be THE pivot point as there was no V shape recovery that is usally associated with a stop loss hunting before a run) my bids are already locked in....you should do the same... make sure anyone shorting this stock cannot cover.
at this point RSI is crushed a bounce to lower high is very possible, I doubt a bull run will happen without management making the decision to distribute the press release through cannabis/CBD friendly channels..... without buying volume we are going nowhere.... that is fine by me...organic growth is something I can live with. revenue and eventually dividend (many years) will take care of giving RMHB the share price she deserve.
with my much lower book cost and new share count I intend to revised my partial exit (to cover 100% of cost and then some taco money) and keep the profit as shares.
In case of a crazy bull run I intend to raise my stop loss using average true range as a guide and exit on the loss of 4 and 8 EMA reloading on a higher low. I intend to keep a very large core position untouched for retirement.
always have a plan is the plan
1 million shares traded yesterday and same already today... that is some decent bear volume. potential bear climax coming up. those bears are on euphoria mode.... that is VERY risky to be in a bear position at these levels
charts never lie...0.035 have been reached and I got my fill....I hope everyone have their bids in place...if it goes even lower (odds are sadly good, no reason for 0.035 to be THE pivot point as there was no V shape recovery that is usally associated with a stop loss hunting before a run) my bids are already locked in....you should do the same... make sure anyone shorting this stock cannot cover.
at this point RSI is crushed a bounce to lower high is very possible, I doubt a bull run will happen without management making the decision to distribute the press release through cannabis/CBD friendly channels..... without buying volume we are going nowhere.... that is fine by me...organic growth is something I can live with. revenue and eventually dividend (many years) will take care of giving RMHB the share price she deserve.
with my much lower book cost and new share count I intend to revised my partial exit (to cover 100% of cost and then some taco money) and keep the profit as shares.
In case of a crazy bull run I intend to raise my stop loss using average true range as a guide and exit on the loss of 4 and 8 EMA reloading on a higher low. I intend to keep a very large core position untouched for retirement.
always have a plan is the plan
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