HCMC trade ideas
Correction done!I'm buying this deep, thanks to the discount. Holding and forgetting.
Already done a huge correction due to overbought. Above 50% RSI level so still bullish. MACD shows weak downside which could mean just a necessary correction, not a sell-off. It has been bought since falling.
Buy your ticket and take your seat, my friend! Let's enjoy the heights.
Bought 130,000 HCMC @$0.002 Target @$1.10 Date Jan 4, 2022Healthier Choice Management, Inc
Bought 130,000 HCMC @$0.002 Target @$1.10 Date Jan 4, 2022
Buy limit 130,000 HCMC @$0.001 Target @$1.10 Date Jan 4, 2022
Healthier Choices Management Corp is a U.S. based publicly traded company specializing in providing consumers with healthier alternatives to everyday lifestyle choices.
HCMC owns an Intellectual Property suite, comprised of Patents issued in both the United States and Canada.
These patents have a primary focus on safer vaping technology, as well synthetic or imitation nicotine compositions,
processes and methods of manufacture. HCMC continues to innovate and hopes to expand this suite in the future.
Most recently, the company formed a wholly owned subsidiary, HCMC Intellectual Property Holdings, LLC,
to hold and market its intellectual property assets. This subsidiary will own all of the patents, trademarks
and other intellectual property of HCMC and will be utilized in the company’s attempt to monetize its intellectual property.
Under its other wholly owned subsidiaries, Healthy Choice Markets and Healthy Choice Markets 2, HCMC owns both Ada's Natural Market,
a 18,000 sq. ft. full-service grocery store serving the Fort Myers, FL, and three (3) Paradise Health & Nutrition locations in the greater Melbourne, FL area.
Serving their respective local communities, our stores provide all-natural and organic products
Company Website: www.healthiercmc.com
HCMC Bullish Argument #1Hello,
- RSI bottomed out
- reaching previous tail lows.
-bottom of the price?
To be continued,
till next time.
Fib don't lieAlright bag holders, so as you can see price broke through the 23%, 38% & 50%. Yesterday it tapped on the 61% and looks to be heading back up. With Friday's news on its lawsuit with PM, I can only assume this will push us back up. GL!
Falling wedge on RSI and fibs corection.Good morning mates, HCMC has made a retracement of 0.60 fibs and still in good are for buying and accumulation. The RSI shows a huge falling wedge about to break. Due to the company circumstance and already made correction this stock only option is up.
Do your DD and good luck!
HCMC: The Start of Some MovementWith the lawsuit coming up, HCMC has risen to higher levels in anticipation of a successful court date.
The current volume and popularity this penny stock is receiving lately are undoubtedly impressive. Future improvements this company can make with more money are immense.
Based on general price predictions of TA and the alarming amount of exposure this penny stock is receiving, some room for growth is highly probable.
Yahoo Finance predicts the price per share will increase drastically along with many other 1-year estimate sites. This is definitely a long hold but more specifically, a good time to join now because the price is still less than half a cent. It is not too far-fetched to believe that this could exceed 1 cent after winning the lawsuit. Besides that, the CEO has purchased over 1 billion shares in anticipation of this market mover. Today was the first day of some upside and I would say it is starting to look pretty bullish yet again.
If the second resistance level is broke tomorrow then there is potential for a lot of upside.
Current Supports and Resistance Levels:
R3: 0.0047
R2: 0.0044
R1: 0.0041
PP: 0.0038
S1: 0.0035
S2: 0.0032
S3: 0.0029
RISK IT FOR THE BISCUIT $HCMCALREADY PRETTY HIGH, BUT IF THIS PLAYS OUT COULD BE HUGE.
Net Buy Price: $2,000.00
Net Sell Price: $5,780.00
Profit / Loss: $3,780.00 / $500.00
HCMC. But Mama I Love Her! Run away as fast as you can ForrestNot financial advice.
"Best profit ever earned is compassion"
Legalizedhustler
Another hype stock.
I'm not personally into. YET!! Read on I'll explain.
I want others to see where we are at.
All levels are highlighted and what it must hold.
.0044 is middle of trading triangle.
.0038 must hold to remain in triangle.
If .0038 dosent hold.L@@k out for Big short to .0015
Last support zone of
.0015
This would be my entry if I were to buy but im not.
This is actually a stock that does have a future once the hype and price dies down.
I read this company months ago becuz they partnered with Vechain a crypto company I currently invest in that will authenticate each and every vape sold because of the immutable blockchain
This will be a big boost to them and the industry as a whole as it will bring attention to VeChain and how wonderful a company it is.
So let it die down . But maybe just maybe this company is a sleeper in the future.
Just my 2 cents.
Support the legalizedhustler
#hustlabynature
Supernova if it breaks the resistanceHold your cash and be patient when HCMC will break the resistance. If it crosses the upper yellow coloured resistance, it ganna be $1 soon...
HCMC primed for it's next big run (1HR)I've seen a lot of people ask if it's too late to get into HCMC. If you need more proof to suggest it's not, here you are. GL!
HCMC is looking like a perfect place to enterIf you think it's too late to get into HCMC, you may want to get in now before it starts its next run. GL!
HCMC a lot of hype - how do we play this move - deep analysisSo we are looking at HCMC on a 1H chart - a short time frame because we must see all the clues in the chart so a short time frame is in order.
A couple of lines on the catalyst news just to make sure you are up to date:
The company deals with health products mostly organic foods and has several vape shops in the USA.
They filled a lawsuit against the giant Philip Morris for patent infringement (‘the 170 patent’) on what they refer to as ‘Electronic Pipe’ this is taken from the SEC report (file number 001-36469) :
“An electronic pipe, comprising:
a battery, an electronic module, a combustible material reservoir, and a heating element fixed in the combustible material reservoir.
combustible material loaded into the combustible material reservoir.
wherein the pipe is structured to transmit an electric current from the battery to the heating element, the heating element initiating a combustion reaction in the combustible material reservoir.”
Ok Let’s try to break it down:
1. - First thing we saw is a healthy trending asset. From 0.000096 till 0.001475- moving in a correction motive pattern which is what we want to see on a stock.
-RSI not overbought and except for rare peaks overall looks good.
- Notice ADX is NOT trending in that part and that means gradual moves up.
- Notice the massive wick on catalyst news that gave us a clear signal that the hype is coming (red square – red star – super important to spot these clues in the chart early!)
2. - Then it exploded upwards – this is HYPE and a lot of it – stock because ‘meme’ trading and was trending on social media and every kid with a TikTok and a trading account started talking about it like we discovered Microsoft in the 90’s – which is obviously not the case . The stock took off from 0.0016 to 0.0064 in 3 trading days – but what goes up must come down.
- RSI peaking to overbought and pullback is in order soon
- ADX losing trending momentum and crossing down from the 60 level of ADX – pullback coming-
3. - Smart money started exiting and left a lot of new retail traders holding the bag. If you ask me we had a lot of money pulling out from the 8th of Feb and started dollar cost averaging out of the trade gradually.
- Notice we have 2 Fib retracements on the chart :
- One from the beginning of trend (26 of Jan)
- Ne from the beginning of impulse move (8 of Feb)
- If we look at the 50 levels of both we will see most pullbacks was already done – but I emphasize the word – MOST – because I think we can get in at a cheaper price on the stock around 0.0032 – that doesn’t mean the pullback will go directly to that level but as we always remind our union traders – patience is in order! so we can see accumulation with a bit of a rise but buying power is getting weaker and who knows if we are also seeing inside buys -which can be reasonable.
4. So what’s next? FDGT will wait on a pullback and for the hype to slightly calm down because we are looking at a lot of new traders in the stock at the moment – which means they can be easily shaken off by drops of price – we will wait to see if we can get the asset on the lows of 0.0032.
5. Given the catalyst of the trial I would suggest easing into the trade with small orders and buying dips till we see the interest peaking again to the higher levels and to start dumping out shares above the 0.007 price. that doesn’t mean our price target is 0.007 but our first stop on taking profits and we need to monitor volumes to see if the hype is getting bigger or smaller to know when is our next stage.
If you want me to cover the next stage just comment here and we will follow up if there is demand.
Let's just quickly cover volumes – so we understand what to look for as a comparison in the upcoming moves :
Avg volume 3 months: 6B
Last month volume : 13.5B (average)
Last week: 20B ( mostly sell volume)
Target volume for future moves: above 10B but must be a buying volume! currently not the case.
3 things worth noting here as the pessimistic view :
1. PM has probably the best lawyers in the world!
2. this trial can go on for years if PM will not offer a settlement!
3. the cost of running a trial for so long will cost Healthier Choices (HCMC) a LOT of money in a court battle!
just keep those points in mind.
Trade safe and be safe – the traders union is here for you!
Still bullish on HCMCToday we saw a premarket bull run, followed by a sell off at .0065 and continued selling where the price eventually stabilized a little above .004 still up from the prior week.
The pattern here is a reversal pattern of a falling wedge. With the looming potential for a positive lawsuit outcome on the 26th expect to see more buy volume and higher runs.
If next weeks volume matches this weeks then we should see resistance break through .006-.0065 with good support at .004
Next week market opens on Tuesday. I'm excited to see the price action on this stock.
