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Post by SubPennyBoater on Jul 13, 2020 12:14:56 GMT -4
Well the RSI has cooled off on the daily and the weekly for the run on news.... Ive never had good luck waiting for news tho.
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Post by SubPennyBoater on Jul 13, 2020 13:06:41 GMT -4
MEDH RUNNING
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Post by Dr PennyStock on Jul 13, 2020 13:16:39 GMT -4
True. I am confirming that right now with the problem with my Host.
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Post by Dr PennyStock on Jul 13, 2020 13:19:28 GMT -4
Well the RSI has cooled off on the daily and the weekly for the run on news.... Ive never had good luck waiting for news tho. On the weekly chart, it turned down right at the RSI70 line, and not much, so I think it is still this line that is stopping it from running. I would prefer not wait on news, but, looks like we don't have another option.
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Post by Dr PennyStock on Jul 13, 2020 13:21:00 GMT -4
Probably it will pull back tomorrow to .01. The change of the CEO is not enough for a big run.
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Post by flipmode48 on Jul 13, 2020 14:07:27 GMT -4
Doc, you don't think insiders know something bad about the paso deal?
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Post by Dr PennyStock on Jul 13, 2020 14:49:29 GMT -4
Doc, you don't think insiders know something bad about the paso deal? Insiders know everything about the deal, but, if it is good or bad only they know, so I don't think anything. We can only wait and see when they release the news.
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Post by sathington on Jul 13, 2020 15:00:09 GMT -4
Thats my concern right now, that insiders know about a delay or something...feel like it should at least be in to .20's by now just from anticipation alone
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Post by Dr PennyStock on Jul 13, 2020 15:18:28 GMT -4
Thats my concern right now, that insiders know about a delay or something...feel like it should at least be in to .20's by now just from anticipation alone That is what we think, but the market may think it is better to wait here for the news. I think the deal will be done. They delayed due to Covid, and then went forward with it, so if it was to not do the deal, they would end there. Also Gonzalez moved to SiriusIQ, CLX has already all Social media websites ready and with a Logo, they are hiring lots of people through UST Global, the millions of shares bought by insiders, etc. Connect the dots guys. All this points for a done deal, IMO.
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Post by tp on Jul 13, 2020 15:28:54 GMT -4
hey gang
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Post by sathington on Jul 13, 2020 15:38:32 GMT -4
So all of those point to that its done, but the only thing saying its not done might be the market?
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Post by Dr PennyStock on Jul 13, 2020 15:56:12 GMT -4
So all of those point to that its done, but the only thing saying its not done might be the market? No. The market doesn't think anything and is not saying anything. It's only saying that for now the right price is this one. If we look at the weekly chart, the last candle was very powerful, and a long one, with a low at .091, so for now this weekly candle has a low at .125(today), 37.5% higher than the previous low of .091, so it is very good. The problem is that we all want to see it running every day and every week, and she is following the technicals. Right now it is fighting with the RSI70 line, as you can see in the chart below. All is well, IMO. www.tradingview.com/chart/muxiCBM6
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Post by Dr PennyStock on Jul 13, 2020 15:58:47 GMT -4
Hi TP. Please register on this forum using the Register button on top right.
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Post by Foe on Jul 13, 2020 16:04:59 GMT -4
Aloha
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Post by Dr PennyStock on Jul 13, 2020 17:00:53 GMT -4
Aloha Hey Foe
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