Based on my proprietary analysis it is likely $PBMD will have a huge rebound. The caveat is, the stock is quite volatile, thus dangerous to buy. Its hard to gauge when it will bounce because it has a very wide buy range due to the speed of its impressive up move. My wide buy range based on my proprietary system is from $2.47-$1.50. Its difficult to gauge when it will bounce, but I will personally wait till it hits my low buying range for me to reevaluate purchasing this stock.
Thursday, May 28, 2015
Wednesday, May 13, 2015
1) Gapped up at the open
2) Faded during the day
3) Have a nice long top wick
When these type of candle sticks formed during the last five months, they ended up marking a short term top. However, this time we have gotten two in a short term period, which may signal the bulls are getting much weaker. If indeed this is another correction, I suspect the gap around 103 (highlighted in red) to be the minimum correction target.
Monday, May 4, 2015
Netflix had very impressive earnings recently, resulting in a parabolic like move that started prior to earnings. This euphoric movement resulted in multiple price gaps since early 2015 (three of them are highlighted in red). I believe these highlighted price gaps are most likely to fill in the upcoming months.
Tuesday, April 28, 2015
1)Its 50% off its recent high
2)It had a previously parabolic move (showing future strength)
3) Its bellow its lower Bollinger Band