Medivolve Inc MEDVF

New trend to start once Q1 is released

[Hiddensecrets]

People want to know, when is the trend going to change on MEDV.   We did the ski slope formation and, now we are on the sidewalk formation.

When will the uphill formation form?

For what it is worth I did some calculations:

- the previous uphill formation from 14 cents to 70 involves involved 68 million shares being purchased.

- the correction towards the 40 cents range involved 50 million shares being sold

- that means that 18 million shares were not sold, perhaps these are investors like myself who bought at 15 cents, we could still have a few who bought high and are stuck.

- in the sidewalk formation which was the 40 cent level, a total of 50 million shares were bought.

- in the next correction down to these prices 35 million shares were sold meaning 15 million shares are still held by shareholders or they are stuck.

What this means is that we still have some overhang 18 million shares from uphill formation to the 70's and, 15 million shares from sidewalk fromation in the 40 cents.

This means that the headwind is 33 million shares (18 million shares + 15 million shares) meaning each time stock goes a penny or two or three, these people will be selling and pushing it down.

If we do volume of 1 million shares per day it means 33 trading days of up a little and back down until all of the longs who bought high are OUT.

Once the headwinds are gone, we can rally.

This means we arrive at base of oversold position just in time for earnings.

The earnings will light a fire and stock will rally back to new highs. 

What can push it higher would be confirmation that they are doing better than expected especially if tests are on the rise again and, more importantly post covid19 items are generating sales (ie: nuturell, adixt, pharmacy, etc...).

MPY