BRK About to go!!!!, page-65

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peto2810

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13/01/21

07:54

Post #: 50126922
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Originally posted by AdVictoriam: ↑

In terms of TA, 008 - 009 is the most significant level of resistance we are dealing with. Refer back to Oct 2019 - Mar 2020 (ellipse). One instance again in Jun 2020. A lot of holders underwater since these periods. Also significant is the big pump day on 17 Dec, where price closed at 009, not above it.

We have gone a long way in clearing this level in recent days, and today we closed above 009 for the first time since Feb 2020. That's very good, because from here it's looks to be a fairly clear run to .015, with only minor resistance at .015. An announcement now could see a very strong pump; mid 1's easily achievable, high 1's possible. Anything above .015 is new paradigm time; meaning wherever oil or company milestones move price.

I analyse resistance and support in terms of where prior holders would have become trapped, where price was capped by prolonged buying or selling. (flat tops on penny charts). Holders from the circled area and have either sold in capitulation or are holding for breakeven.

Oil futures at 53 tonight, ES fairly flat (oil relatively strong). Nat gas also up. Hopefully another good day tomorrow!

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Again thank you and much appreciated

Looking with more momentum and volume that TA charting is becoming more prevalent to the market moves..... especially energy commodities are awakening

Keep well cheers Paul

BRK Price at posting: 1.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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