HCMC has been tanking down recently... even tho there was a lot of bullish news.
What I am seeing is bullish flax that just needs to be broken!! HCMC hasn't been acting technically... this might change... There is some news that HCMC´s outstanding shares were reduced but we have to wait till Monday for the OTC market update. If this is true We can expect a huge movement up... If we can open above 0.0012 on Monday and close at least at the same level... it could also mean a bullish sign and we could see some buying momentum. All we can say now is to wait... HCMC has great potential even without the lawsuit against PM... But a win in this lawsuit would just make things go faster...
I am still bullish in a long term... which means months or years... In a short term, I expect a move up to 0.002 or move down to 0.009.
All the fundamentals of this company can be seen in my YT playlist linked below.
I meant it can go down to 0.0009... I forgot one zero...
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Tomorrow is crucial!! If we get a closure above 0.0012 we could possibly break out of that downtrend!
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We need closure at 0.0012 or higher! Then we could see a break out of this descending channel. Yesterday we also saw the first green at the MACD! HCMC is starting to look bullish!
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Right now it seems we will hit 0.0009 and then a bullish movement... We just cannot get out of that bearish channel.
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We are officially out of this bearish pattern!
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Today is the most important day! Yall know what's coming!
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It is happening! We are finally in a bullish trend! The lawsuit also seems very promising! PM has announced they are expecting their future without cigarets! expecting a green week!
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Zoom out, boys! The gap is just being filled! The same thing happened in January!
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HCMC had a filling where they have announced they will be selling more shares at a discount! Because they want to have 100mil in cash. This could lead today's price drop.
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There has been an incredible short volume! Can we expect another squeeze? Who knows!
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