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BobbyKennedy

7,556 Posts.

1776

01/08/18

10:58

Post #: 34665392
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Originally posted by BobbyKennedy ↑

We're in clear breakout territory now. The broken yellow line is the previous resistance at 85c but we smashed that and have closed above it once (a few more would be better) and opened above it again today.

The gaps are somewhat concerning but with everything going on they don't necessarily mean they'll get filled. I personally think the two gaps above 85 will get filled and will present excellent op up levels.

Almost all indicators tell us the obvious: it's running red hot. See the arrows down the bottom.

I think most traders would look to shave a few off here but I doubt there are many traders in this stock as it's too illiquid. So if the bulk of people are holding for the long term, we may just continue north to $1.

I won't be selling a single share now despite the technical/chart risks.

I think there's a solid pipeline of news to come so it's madness trying to pick the top or bottom. Add and hold will be my only two moves going forward.

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That's one gap closed now.

DNK Price at posting: 90.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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