Post by
tamaracktop on Jul 15, 2023 11:15am
The facts, and my own personal conclusion
This stock traded in a tight range for very nearly two months
Never once below $2.02 and never once above $2.25 between May 24th and July 10th.
Most here were tired of it.
Everyone knew it would exit this range at some point.
Some worried it would exit on the downside.
It didn't.
Last Tuesday it closed at $2.30, up 13 cents on 533,000 shares, having traded as high as $2.38.
Remember this?
"Anyway, there's a well-known expression amongst technicians that it something of a Mantra.
"Resistance, once broken, becomes support"
The last time this stock closed above $2.25 was May 17th, two days after the financing was announced.
The stock has never closed above $2.25 since then, until today.
Any true technician will tell you that $2.25 is now a support level closing basis."
The low trade on Wednesday was $2.26. It closed at $2.36.
The low trade on Friday was $2.26. It closed at $2.35.
It's traded as high as $2.55, on Thursday
Not only has the stock broken out, but it's also broken out on volume.
The volume from last Tuesday through Friday totalled 1,587,000m shares.
$2.25 is now major support.
The stock is going higher.
Comment by
tamaracktop on Jul 15, 2023 11:32am
The stock has never once traded at $2.25 since Tuesday's breakout. The downside is so negligible as to be virtually non-existant at $2.35. Institutions recognize this. The stock is a double before year-end Buy yourself 5000 shares and take your family to Hawaii for Christmas.
Comment by
Moemoney42 on Jul 17, 2023 11:03am
"On another note I don't hesitate to give credit where its due." Oh really TT.. I guess your ego got in the way of my calls eh.. LOL..!! Here's a reminder SELL when it broke $3.. you called it "premature" Buy at $2.. not a peep..!! LMAO..! YUP you're one big BS'er :-/
Comment by
RangerBuck on Jul 17, 2023 11:32am
Moemoney42 youve made the point several times now . It's getting old. It's an open discussion board but you can post something more CONSTRUCTIVE that works for the good of the community rather than posting negative personal attacks. We've got your point...NEXT
Comment by
ddogold on Jul 17, 2023 12:10pm
Totally agree with that sentiment . As much as TT is a narcissistic blowhard it's time to move on . Just put him on ignore and stick to the many knowledgeable posters we have here . It makes for a much more pleasant experience
Comment by
Moemoney42 on Jul 17, 2023 4:58pm
NO problem guys/gals.. I'll leave Tater Tot be.. no use in conversing with the big ego anymore and my appologies to the BB..
Comment by
jboom70 on Jul 17, 2023 5:12pm
I'm with you, this dude is dangerous. I also said he was dangerous on XBC board.
Comment by
JohnnyUtah44 on Jul 17, 2023 6:15pm
.... mo$...Keep up the good work for all the bs this tater post every day and is never right... Sounds like he has some suckers pm now maybe for $$ he wanted, what noobs....if true....let's hope he never comes back...good work mo$...lmao..moo...feel sorry for the failure, needs to buy a dog out 2...
Comment by
Viking2233 on Jul 17, 2023 6:24pm
Another useless post from a poster who constantly flip flops from one side to the other and is the biggest armchair quarterback on this board. If you can understand any of his/her posts with all their coded abbreviated posts. Nobody seems to be able decipher his secret codes!
Comment by
tamaracktop on Jul 18, 2023 1:12pm
This post has been removed in accordance with Community Policy
Comment by
tamaracktop on Jul 16, 2023 12:49pm
Did some serious charting this morning. Many here think technical analysis is hogwash, and that's perfectly fine with me. To each his own. The downside here is squat.
Comment by
TeamEddie on Jul 16, 2023 10:15pm
If you want to day trade, trade stocks on the NASDAQ why the hell would you day trade this? If a guy working 9-5 invests here they are right daily TA means nothing