could re-visit that $3.20 high by mid next week. imo
'buy when you are scared to death'
'sell when you are tickled to death'
long SLV Mar 14 $21 calls
price just also backtested that parallel upward sloping price channel I highlighted yesterday on the 5 min chart. that was the low imo. look for a fresh high today
price just swung from the 50% fib at 3.09, back down to the 38% fib at $2.50 area. I don't think you will get any shares under $2.50
price just backtested very significant uptrending support line. nice retracement into yesterday's candle. I think that was bottom
It is hard to say how high the weekly chart could go. Maybe we saw the high for the week after hours tonight. I can't be sure of that yet. I really think the 50% fib will be tested at $3.09 level. it was tagged after hours, but could be retested tomorrow. It should act as a magnet for price action until Friday morning's news imo. But in even the strongest of uptrends, there is often bear traps set in the first hour of the day. tight stops are taken out and those buying after hours tonight might feel a little pain in the morning. and many will bail as I expect some minor retracement into today's candlestick. Many guys are coming out with videos after the fact on PPHM, I wouldn't trust them. This move was predictable by the chart, so if they missed it, I would just be careful with their advice.
If I had to make a prediction... if we take out $3.09, price will test the upper trend line on the daily chart which sits at $3.55
Sentiment: Strong Buy
gonna have to hold some over the weekend too. it could be hard if this moves to $4 on Friday.
Soup is only a meal if you crumble crackers in it....
Thank you, I think MSTX is about done with its consolidation and you will see a very large % move there here soon. also accumulated some SAFS (sub penny) because of the technical picture there. good luck trading. I have not sold a share of PPHM by the way.
the overbought momentum indicators are being allowed to cool off a bit here as price has constructed a gently upward sloping parallel channel. normally, you would see a sideways consolidation or slightly downward channel or a W pattern. But this is the most bullish consolidation we could ask for. price is drifting into the next fib level, the 38.2% level at about $2.51 or so. Today, price will probably not be able to break this level. But I am not certain about this. there is no doubt, we will test the 50% fib soon. It sits at $3.09. Could be in the cards for Thursday or Friday. But management needs to deliver on Friday morning, that is for sure, and I think the market is pricing this in. Remember, these retracement levels are based on the technical high of $5.50 and the subsequent crash in 2012. Once price can clear $5.50, we can start talking market cap and fundamentals, but right now, the algorithms will take this up with or without our retail pressure
thank you. it is what I love to do. Keep an eye on MSTX. could see a very similar spike VERY soon.
this is only beginning
remember, a new class of investors are able to enter the picture today with price over $2
for many online brokerages, commission fees are very high for sub $2 stocks
and if you haven't added PPHM for your IRA yet, what are you waiting for?
$1.80 - $1.90 is a huge pivot level on the WEEKLY chart going back to late 2007. This level has acted as support or resistance in every year since. This is where price has gotten hung up recently. In the past 6 years, when price has moved above this level, it has spiked to the 2.50 area the week of the breakout. This is where price is headed for this week most likely.
Price crashed violently back in 2012. From that high in 2012 of $5.50 to the low a few weeks later of .67, there are significant fibonnaci levels of resistance on the way up. the first is the 23.6% level which sits approx. at $1.80. it took us awhile, but we are working through that now. the next level that will be tested now is the 38.2% level. This sits near $2.53 and I think we see it this week. When price move above the 1.90 level back in 2012, the high of that breakout week was $2.46.
There is also an uptrending line of resistance that intersects this $2.50 area over the next few days.
But this is very short term. Next 1-3 days most likely. I would be surprised if it took more than that to get there.
Longer term, there is an ugly shaped inverse head and shoulders bottom on the weekly chart. Price is now finishing up the right shoulder, with price to approach the neckline at $5.50 level. This will happen over the next 12 weeks or so. maybe sooner, as news can determine how fast we get there. longer term, we are constructing an upward sloping parallel channel, it is in the making right now, and the upper trendline of resistance sits near $14.80 as of today, and it will be moving higher every day. Price will test this trendline most likely before end of year. So don't be caught off guard by this move.
But for now, congrats to those who bought those March $2 calls in advance of this technical breakout.
Sentiment: Strong Buy
it will take some time to break down the chart and tell you guys why, and I am busy right now. I will post about it tonight.
MM is trying to close this exactly at 1.905.
this will trigger the technical breakout.
if PPHM issues a PR in the morning, this thing will really get moving north, otherwise price will still move higher into Friday's news
also, better get some SAFS before the bell. 10 bagger