arminz

PDXP - Possible LONG breakout

OTC:PDXP   PDX PARTNERS INC
Positive Indicators
- Higher than average volume in recent months
- Solid resistance line at $0.015
- Candles will likely break through 13-day EMA resistance in first week of February

Negative Indicators
- Overall trend is clearly Bearish
- Stochastic RSI indicator has been near overbought for nearly 2 months
- Must break through additional resistance line at $0.009

Hypothesis
- If the market creates enough buying pressure to break through the triangle resistance line, the 13-day EMA resistance line, and the $0.007 resistance line, it will very likely shoot up to $0.015 or possibly beyond in the 1-3 days following the breakout

Strategy
- Buying in and selling off using dollar cost averaging and stop losses as a method of mitigating risk
- Only investing a max of 10% of total capital
Typo in my initial assessment above. In the "Negative Indicators" section I meant the resistance line is at $0.007. This is confirmed in the "Hypothesis" section, and in the resistance line drawn on the chart. My apologies for the typo.
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