Hey everyone,
I'm from Belgium so I'm going to write this message in English.
For some time I've been following the OTC stock PAPO. On 3/10 the stock exploded from 0,001 to 0,005 in 2-3 days. If you take at the chart of PAPO on:
http://stockcharts.com/def/servlet/SC.web?c=PAPO
you can see that on 3/10 the stockprice crossed the MA 50. After that, a clear triangle has been formed that was broken yesterday when the stock went up 13%.
I experienced the same with SWKJ some time ago. Take a look at the chart of SWKJ
http://stockcharts.com/def/servlet/...][vc60][iUb14!La12,26,9]&pref=G
On 9/9 this year, the stock went up from 0,025 to 0,06 in two days. This also happened when the stockprice crossed the MA50. And after that a triangle was been formed. This triangle was broken on 30/9 and the stock went up like a rocket!!! from 0,05 to 0,125 in a couple of days.
I think the same will happen with PAPO today. Especially because the triangle was brooken yesterday and the stockprice went up.
Feedback always welcome!
Destromatic
PS: I'm not very good with technical tools so I didn't drew any lines or such. The triangles should be clear.
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