RMRK

1 févr. 2019

I am very happy to see that the previous analysis has been positively fulfilled. I was betting on a RMRK valuation, but I did not think it was that important. Today at some point I reach almost 0.0012 and closed the market at 0.0011. If we take the lines of trends, which form an almost exact channel, we could infer that RMRK is ready to take a break or pullback, although we can not ignore the support zone that has been created at the height of 0.0010. On the other hand, if we look at the Bollinger Band in the same way we would arrive at that same conclusion, it has increased more than what was thought to the extreme that it has broken the Bollinger levels. But there is a bullish force, which makes me think that after a pullback, the price could continue to increase its valuation until reaching levels as high as the 0.0012 at which arrived on February 1, perhaps until reaching or exceeding 0.0015. I can not say without mentioning that the movement of the average price, the Moving average, of 20 periods clearly indicates an upward trend. Although I have not seen it yet, I have read comments that the financial report presented by RMRK, has been positive, if this is so, in addition to certain contracts that the directors have announced, it would be an incentive to overvalue this Penny Stock. Let's wait for the next movements.