The Pattern Has Changed
Over the last few months I have written about and recommended TLC a few times. Each time, after my posts there has been an upward spike on news announcements, and then a quick give back of all the gain. The chart, once again, is giving off signs that another spike is likely soon. However, since I believe this is going to be a profitable company and long term investment, I don’t believe that this upside move will give back all the gain. If you look at the chart, you see that the first three spikes, one each in July, August and September, fell short of exceeding the previous spike high. The most recent spike in October, exceeded the previous spike high. If I am correct about a likely spike by early November I would expect a pullback but not like the others. Buy here for both a trade and longer term hold.
To be honest Chartsmaster
I don’t like that chart
Long term holders have been teased and crushed repeatedly.
Are you a long term holder ?
Yes, since I first read about the paper describing their process for lipisome HCQ. I waited for the chart to correct and posted my first recommendation. The stock popped immediately but gave back all the gain. I was dissapointed then and on the most recent spikes and give backs. I believe that sometime next year, everyone around the world will be carrying around an atomizer of nasal spray HCQ. As I explained in my post, the most recent spike exceeded the previous mini spike. That is the tell that next time will be different.
Thats a great Idea…HCQ up the nose
I had no Idea that is what this is