Reading ChartsSo, what is changed since my last post (January 2020). Any changes in technical picture or company’s fundamental. And it’s time for another webinar. Are we all exited ?
And the Weekly Chart 
The Good: We have a beautiful, well developed trend. You can see steady lines on RSI and CCI. And the price action follows the very same pattern. No mistakes here
The Bad: Well …. All the lines are going lower. Huff, huff – the sound of the dog
Daily Chart 
The Good: Another well developed trend. And the negative one. What is good here ? RSI/CCI started moving higher including Stochastics. You can see how Money Flow Index is hitting lows. I the past (green vertical lines) it was usually followed by the price moving higher. Will it go there ? Maybe. Needs to close above 0.40 to break out of the negative formation.
The Bad: Well, everything. In the past company managed to come up with some news before webinars allowing for some price run up. They still have a few days.
On June 2019 (yes, year ago) I published post with quote from Peter Imhow. Let me copy/paste this part of my post.
“
The biggest problems: Peter Imhof (no, he is not a problem and supported company in the past) from AGF Investment was yesterday on BNN and said: (they) don't have just operational problems. Company has Structural Problems. Lack of Depth in Management was crucial to the disaster. I agree. He said “fool me once….” . And I’m sure many others feel the same way. He (Peter) is NOT coming back – well, that was he was saying. Bad rap will stick until company proves doubters otherwise “ Good Management is rising money when they have favorable conditions, NOT when they are forced to do it. If they were sitting on let’s $10mlns right now the whole picture would look much better.
Look at DOC.CA or WELL.TO. For average investor they look like they are sitting in the same space as Reliq. Both are rising. DOC just done financing at the top of their trading range (plus warrant at +30%) and WELL have a great champion or white knight on the board. Investment community trust them with promotion followed. Support from Investment Community will materialize after they get some business from Reliq (financing). I believe Reliq will be forced to beg for financing at 0.17-0.22 level no matter what management is going to tell investors during a webinar. You can’t blame 2 years of decline on CONV-19 Trump Putin and terrorism in Africa and god knows what else. Companies with good business plan and solid management tend to rise, others….what can I say.
I’m still holding positions I opened at 0.43 and 0.52. I opened on the breakouts which happened to be a fake ones. Should have closed them when making some profits. Just lack of discipline on my part
Happy Trading