Post by
Starsearcher80 on Aug 01, 2023 4:28pm
UPSIDE TORQUE
And once again, the stock winds tighter and torques upward. Some might find it boring as the stock tightens up against known resistance. For myself, I absolutely love watching this process.
Here's where it is now going to get really interesting. As the stock continues to torque upwards, we'll see the traders start to come in. They'll buy at one of 3 points.
1) Now, in anticipation of the $3.50 break.
2) At the $3.50 break.
3) On the retracement after some run after the $3.50 break. Typically, not always, the stock does a temporary retracement to the $3.50 level, and these traders look for confirmation that the previous resistance now acts as support.
What is really nice about this process, and this area in particular as it pertains to Nano, is that the break often becomes a self-fulfilling prophecy. Right now we have people investing, taking shares off the table. We have people buying in anticipation of powerful upside news. And now the traders come in and ramp things up with their own buying as they look to anticipated and play the break in a limited time period. Collectively, all this buying sends the stock moving quickly, far faster than this period of consolidation that we've been in.
As for myself, I remain happy to sit back with the shares I now have and enjoy what will be multiple moves up. I'm now vastly overweighted, but have no concerns at all. As far as I'm concerned, there is going to be a LOT of money made with Nano. We're almost there.
Comment by
TheProphetElijah on Aug 02, 2023 9:12am
illuminati won't let this past 3.50, lets wait and see:
Comment by
contrap127 on Aug 02, 2023 10:38am
Please don't write such nonsense, servant! Don't clutter up the forum any further! Thanks! signed Adam Weihaupt https://en.wikipedia.org/wiki/Adam_Weishaupt
Comment by
TheProphetElijah on Aug 02, 2023 12:35pm
Rejected at 3.43 again, Adam is forming a triple top.