Wednesday, September 30, 2015

chci split

The chci split coincides with a brilliant chart pattern that predicts a vary fast double. The chart here is ALL screwy, due to the split, but another chart, (profile, 6 month chart) shows the trade vividly. There's a perfect candlestick for buying setting the buy price at 3.6 (already filled if you saw it yesterday, which I didn't) and a perfect top for selling at 6.2 ... it's perfect.

I'm starting to really like reverse splits ... if you buy after them.


y mw fv note the big green bar is completely meaningless, but you do see the price. Our target is 6.2. I had to look at other charts to see the trade, but it was signaled by this ridiculous spasm that meant nothing. I thought to write to someone else that the trade was signaled by a completely arbitrary event, and doesn't that sound good?