Purely a chart/TA thing, but what ideally would ha
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(Total Views: 577)
Posted On: 02/25/2025 7:19:03 PM
Purely a chart/TA thing, but what ideally would happen is news that causes a run up to the 60 cent level, a pull back to the high 40's/50 cent level and then have it close at the HOD on high volume. This is so important to get everyone who has purchased in the last couple of years in the green and let those who have felt trapped out. We need new longs who are optimistic about the future.
I'd love this news to be something important but not partnership news of a major investment. That partnership news could come in a couple weeks after some minor news items allowing for a melt up slowly. The partnership news then gets us over $1. Some respect being above a buck.
Yesterday was a mediocre showing as was today. Neither close inspired confidence.
I am not at all negative or concerned about the medium term but I am a bit impatient and I know what the chart says is happening in the very short term.
The cadence of news is so important.
I'd love this news to be something important but not partnership news of a major investment. That partnership news could come in a couple weeks after some minor news items allowing for a melt up slowly. The partnership news then gets us over $1. Some respect being above a buck.
Yesterday was a mediocre showing as was today. Neither close inspired confidence.
I am not at all negative or concerned about the medium term but I am a bit impatient and I know what the chart says is happening in the very short term.
The cadence of news is so important.
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