


OK. The buy signal is the big green bar at the end of the chart. The buy price is - this is sort of guess work, but - the top of the second to last bar. The stop, and you need to use a stop, is, um, just below the June low.
The next question is, where is this going? In the short term, it's basically $1.20. Just look at the pattern on the daily chart. $1.20 isn't a giant profit, but if you put $1000 in, you can make some money. You need a stop to put $1000 in, otherwise, you risk losing your whole investment. That could happen with a stop, but it's unlikely.
The next target is on the weekly chart, at something like $1.80. That's pretty good money, and it should be reached pretty soon, but you'll probably see a pause at $1.20, and a pause means prices going down, probably to your buy price. If you can sell at $1.20, you can probably buy back near today's buy price, then sell again at $1.80.
Eventually this will probably go to $8, and then $20, but that's a long way off.
Here are the updating charts (you can follow the stocks on these charts):
No comments:
Post a Comment