cup forming hmmn work in progress. Hence if cup then must fall...

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28/07/20

17:27

Post #: 46132039
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Originally posted by mysuperblife: ↑

Well I hope soon. The sentiment for POG may be turning around.

The Cup is formed, and if this is true to the chart patterns, then the handle can be expected to take shape next. This means that a retracement and a decline in POG will follow.

Since this is a Weekly chart, the time frame is moderately long i.e. it may not happen immediately. Having said, POG is now trending at the top end of RSI - overbought. MACD is nearing 70.

Looking at the FBR, the drop if it eventuates, could see POG reach bottom at 1730, 1600, or 1500.

Of course the current sentiment does not support this outlook, but a contrarian would take precautions. But we can't do anything when the stock is not re-listed!

Expand

Originally posted by mysuperblife: ↑

Well I hope soon. The sentiment for POG may be turning around.

The Cup is formed, and if this is true to the chart patterns, then the handle can be expected to take shape next. This means that a retracement and a decline in POG will follow.

Since this is a Weekly chart, the time frame is moderately long i.e. it may not happen immediately. Having said, POG is now trending at the top end of RSI - overbought. MACD is nearing 70.

Looking at the FBR, the drop if it eventuates, could see POG reach bottom at 1730, 1600, or 1500.

Of course the current sentiment does not support this outlook, but a contrarian would take precautions. But we can't do anything when the stock is not re-listed!

Expand

cup forming hmmn work in progress. Hence if cup then must fall back to create handle. Please enlighten now thank you. I am not a TA person. Don't believe in it. Sorry.

BDI Price at posting: 0.1¢ Sentiment: Buy Disclosure: Held
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Last 2.1¢		Change 0.002(10.5%)		Mkt cap ! $20.07M

Open	High	Low	Value	Volume
2.1¢	2.1¢	2.1¢	$567	27K

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No.	Vol.	Price($)
5	981281	1.9¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
5	981281	0.019
6	753058	0.018
2	160000	0.017
1	250000	0.016
1	66732	0.015

Price($)	Vol.	No.
0.022	3837726	4
0.023	1273553	4
0.024	500000	1
0.025	748136	4
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