Sureshot? SHMP falling wedge to 150% ? #OTCMarkets #OTCBB #OTCQB
Updated
SHMP appears to be operating in a lovely falling wedge that will likely be coming to it's end at the end of August . Sounds like a perfect late Summer setup for a 100% or more rise ? Looking at it's previous rises it has a similar appearance . Right now it's at .045 and I'd expect it to continue down this falling wedge pattern to probably .025 give or take . My target if it then goes up would be at least that local .618 fib near .0645 which would be 150% approx . but I'm no math expert ! and you should dyor - do your own research . Also I like eating shrimp ( and this is a shrimp company ! )
I would also expect a TD Seq 9 in red to be hit on the 6hr chart ( though we could definitely hit those on the 4hr or 1 day or other timeframe also . )
And the rsi 6hr should be below 30 before this is looking like a buy imo .
Keep in mind there is a Gann Fan here that could also see this go to 10 , 12 , or 15 cents but that would be a lot ! Let's keep an eye on this.
I've got Trading View alert set for 4hr rsi crossing down 30 just so I don't miss it .
Thank you .
I would also expect a TD Seq 9 in red to be hit on the 6hr chart ( though we could definitely hit those on the 4hr or 1 day or other timeframe also . )
And the rsi 6hr should be below 30 before this is looking like a buy imo .
Keep in mind there is a Gann Fan here that could also see this go to 10 , 12 , or 15 cents but that would be a lot ! Let's keep an eye on this.
I've got Trading View alert set for 4hr rsi crossing down 30 just so I don't miss it .
Thank you .
Note
SHMP broke up out of it's falling wedge today and touched near .059 OTC penny stocks go fast when they go ! I wasn't in -but let's see if this consolidates for more upside in the near future.
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