Dang, I guess I should have gotten aboard. It appears like it has now used up its cause; I'd be taking my bread off the table. It should need to consolidate (re-accumulate or distribute by strong hands) in here. Since the trend is up; since there is demand in the background, demand does not need to prove itself, supply needs to prove itself to prove a trend reversal. A sign of weakness (large down bar with heavy volume) in the right-hand side of the upcoming trading range will show weakness (selling by strong hands) and prove a trend reversal. Point & Figure with 2-cent box and 3-box-reversal (not sure why last column of X's not printed) On the daily vertical chart below it printed stopping action at point 5 (Sept 16th) with the hypodermic selling tail (low-range close). Also on that day it showed effort versus result, i.e., increased volume from the previous day (Sept 15th) with smaller price range. On Sept 17th it tried to rally but failed to re-take the high. Could it go higher? Maybe but like I said, the cause is used up, it appears to be out of gas or running on vapors. Too many weak hands hold the stock now and the strong hands will need to re-accumulate it to sustain another rally. Or they may distribute it and get short and once they're done with that a sign of weakness will show itself and they will stop supporting the bottom of the range. It appears the way to "trade" it now is to sell the top of the intraday range (if it can't take out and hold the previous high at point 5) and buy the bottom of the range, just like the big boyz would be doing to re-accumulate it. Then would need to watch out for a sign of weakness (SOW) and be ready to exit if it shows up. Zooming into a smaller time frame; 130-minute bars (3 bars per day):
Hi everyone, I still holding a long-term position, but it's back on my reload radar. They are ramping up U.S. and Canada expansion with recent purchases and on the recent CEO youtube session the CEO highlighted they are focused on (and will likely be announcing) 7 figure corporate healthcare deals. A lot of the risk is off the table and it's looking good here technically. 5th Elliot wave is getting setup. $2.20 to $2.07 CAD ($1.73 to $1.63) Latest live stream with the CEO: Apple App Store Reviews Google Play Store Reviews
Bought my first reload leg of DOCRF today. Another earlier stage telehealth company I just invested in today is RYMDF (Relay Medical. RELA in Canada) I don't have time to do a full write-up, but it's been getting a lot of buzz recently from DOCRF investors I speak with.
