RAC - Charts & Price Action, page-7324

Well must be time for an update.

With such high bot activity charting is very difficult to say the least.
There influence should not be under estimated.

As always the market is trying to find the center ground of the Keltner Channel.
Ending the weeks trading inside the Keltner Channel is normal.

The current trading situation is normal for a stock with low SOI and should not be feared, as the powers to be are trying to accumulate nothing else.
Our major line of resistance is still in play and very unlikely to be broken.

Next week I expect still more of the same until MAJOR news breaks.



I am going to leave every one with this little message, I read ages ago on a blog.

When I was a fresh face in Private Equity a senior manager in a major firm we worked with was trying to impress me on how he could manipulate stocks. So I picked a stock and a price for it to close at that day and he did it, the stock closed exactly on how I said.It was a helpful lesson early in my career about how manipulated everything is.

The only way to win is:

a) Be one of the big boys.
b) Don't play that game, just buy & hold.

anyway enjoy the buying $3 will not last

all the best

FireflyOne
The writer's opinions are his own and do not constitute financial advice in any ways.Nothing here constitutes an investment recommendation nor should anything written here or published by myself be relied upon for any investment activities.I strongly recommend that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions.