thank you so much for posting this and the explanations. you saved me a lot of heartache as i have been hurting myself buying strength and tops. i'm going to keep watching this and look more carefully at the charts beginning tomorrow.
Like the video Thank you!
great info as always... good job
Very nice video, great explanation on support! Keep videos coming;)
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@Clovis Thanks for the karmas. Follow me on Twitter as well if you like. @turbobob129
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Hi Steven,
Great video. Thank you Stephen! Shabang!
@UnicornHunter answered :-)
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@Turbobob Hey Bob, I am interested in how you estimated the top of the channel for ACBFF. I went long on the breakout over 5.45, with the conservative goal of the stock testing the round number 6.0. Normally, I have patience issues holding a stock on a clear sky breakout, so your method of estimating price levels overhead in such a situation would be extremely helpful for me. Much appreciated!
The measured move comes from the break out above $2.34 to $5.45 ($3.10). Add that to the pull back low of $4.00 and you get $7.10. So, my price target is in the $7.00 to $7.50 range. If you draw a line connecting the lows you will get a rising channel line. If you draw the parallel lin through the high you will see that the top of the channel is in the $18 to $29. range. That is the potential for it. Long shot, but potential.
No problem. Happy it helps.
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Can't predict that. Have tow ait and see what th eprice action is when it gets there
yes sir, very impressive run with this ticker so far, seems to be fueled by all the short sellers
bob did you get some of xnet over 16 ? what a move on this thing !
No, I missed it.
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@Clovis just became a fully transparent trader today!
Wow, I love the detailed information here...Thank you and you will make the money back plus plus ;)
@Clovis yep for sure. I already have. I’m at new all time highs now.
Awesome! I just need to turn my chart around like you did...lol
trust me when I say be patient, I learn that I was overtrading just to trade, I was making charts to look like I wanted them to look and not allow the truth to be told. I spent about 100hrs just watch the tim video's and just stop trading. I also sold all my stock at a neg or maybe a small gain, but mostly at a neg. Hard to see that money go down the drain. Study and find your style. most of all do not follow or chase the chat rooms picks. 99.9% of the time they ae in the stock that they mentio
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