Hi makattack and friends,
POH has been in a pullback for 5 days running now, and a fall below 12 cents will mean it will be oversold price wise, as can be seen in the DTOsc chart just posted. This represents one of those opportunities for swing traders, as any drop within the time window for accumulation during this pullback will bring POH to the very oversold condition from just oversold. Bounce trades often show themselves during very oversold conditions.
I've mentioned a projected date( obtained from time studies of cycles) when this time window to accumulate at this oversold low will probably close in response to Oscar's useful post yesterday regarding the "agm" and his anticipation of the soon coming price movement of POH prior to the agm and beyond...this period sets up the technical picture to complete the pullback to the 4th wave which we have seen in several former charts posted before the start of an impulse wave upwards (continuation of a larger 3rd wave or 5th wave upwards).
Imho, cool heads will be the winners after this technical pullback.
May the best prices be yours,
dascore
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