DISCLOSURE: This is all tea leaf reading, crystal ball gazing, pinning the tail on the donkey so please move on if you don't believe in this nonsense. You have been duly warned.
So i'm just going to call it, we are at the start of a new uptrend on the weekly.
-Line number one we went from 1cent to a high of 13cents this spanned a space of june 13'-sept 14'
-Line number two we went from 4.8cents to a high of 10.5cents this spanned the space from july 15-august 16'
-Line number three now starts from 3cents. The question is how high will we go? These trends seem to last about 1-1.5 years. With the current fundamentals, product launches and finally consistent royalties rolling in, which will accumulate I believe we will be well in excess of 13cents by this time next year.
The three indicator turns that are true to all three scenarios are: RSI bounces off the 30 mark and hits above 70. Stochastics goes into a positive trend and the MACD crosses positively and dances above the 0 mark.
Right now RSI has bounced off the 30 mark, stochastics has broken from the down trend and MACD has crossed positively with price action to match.
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