Re: The chart set up looks awesome imo....
in response to
by
posted on
Dec 03, 2019 02:27PM
IMHO ... with a volatile and "fragile" speculative stock like RVX, with no commercial sales, or fundamentals foundation ... TA is valuable for showing latent pressure and potential for movement "as is" in the current state. However the pps (and patterns) is so vulnerable to a single and slight "blow of the wind" because of its fragile status financially, and risks to ever making it to commercial markets. A lot of good analysis work, and genius, goes out the window with nearly ANY news good or bad. And there just is not enough volume, or market opportunity, to even make up for a single investor waking up after a bad dream and selling ... omg, we have seen significant pps changes on less than 10k shares .....
I do find the TA fascinating and valuable though. Just needs more fundamentals and foundation in place for it to be semi-reliably predictive though, IMHO. Although we have seen some predicted movements take place in the past, only to see it all flipped on its head by financing moves, and news.
Hopefully what the techies are seeing now though is pressure building, pending some upcoming news & events, just waiting for the "go" signal ... like an army massing on a borderĀ ... waiting for "launch" or "stand down" ... fascinating!