Are we going to break low? This is the question being asked and if we check the indicators we can see a decline and the is showing we have a slight decline in momentum.
However, if you look at the figures we have pulled recently a consolidation was in play for a while. The recent pullback we had was related to a fundamental release and we seen a few weak hands drop the ball.
This consolidation process we have bounced up and down in a 10% price sway now for 8 weeks.
Other then momentum decline and we have no indication showing that we will break low. In actual fact the only reason in my belief for momentum decline and is patience, this has been an action packed journey with over 150% in profits so people are selling off over the price holding and trending sideways.
You will see in the blue circle when we dip how aggressive the buys are and I have used this as my indicator for a strong hold.
This is the longest consolidation we have had in some time, and the longer the consolidation means the bigger the break.
Target for break is within the next 2 weeks and a 2018 close of $425. This figure i have projected from he past 14 months growth and have also taken into account the added revenue for their new 3D gaming chips yet to be released which will see quite a spike in price from.
Hold strong Cash Is King and looks like a great year ahead, use this time to buy more reload and get ready for the ride.
This is a stock that many of us purchased just 1 year ago at $90 and we are about to test some new highs.
Lets enjoy the ride.
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