RELI - Reliance Global Group, Inc. - NASDAQ

[Dr PennyStock]

Yesterday RELI made a LOD at the MA50, confirming it as support, and, also a higher high at .179.

Today it may break .18. Let's see.

[Byrnes88]

$$$$$$ 1 dollar on the horizon

[Dr PennyStock]

RELI may breakout this week. The chart is pointing to that.

[Dr PennyStock]

RELI closed above the MA50, despite the lower low, so all is well.

[bluebird]

Doc, do you have any concern with the break down?

[Dr PennyStock]

Doc, do you have any concern with the break down?

No, absolutely not. I think it is the last drop before the breakout. It may even break both MAs today.

[bluebird]

I'm glad I added more! 

[Dr PennyStock]

RELI closed slightly above the MA200, and only one tick away from the MA50. I see it breaking the MAs next week.

[Dr PennyStock]

Here is the chart I promised. This is the weekly chart, the one I call "the big picture".

https://www.tradingview.com/chart/muxiCBM6

As you can see, the stock is trading inside a very strong uptrend channel, represented by two green trend lines. The base and the top of the channel.

All this time since the top at .339, we can consider that RELI was trading sideways, and when it touched the base of the channel, it bounced again, beginning a new run.

Now look to the right side of the chart. You see that the last price you can see on top, is 2.80, right? You can also see that the difference between the prices on top are bigger than on the bottom.

For example, the difference between .02 and .03 is only .01, but on top it moves from 1.80 to 2.80, so the next one will be possily 3.90 or higher.

If you mentally extend the green line that represents the top of the chanell for a few weeks, you will see that when it touches the line with the prices, it will be at $5 or above.

Also, the chanell has room for a run with the same amplitude of the first run. You can see that the low of the last candle that touches the base of the channel was .0056. The high of the last candle that touches the top of the channel was .339. This is a 6000% difference.

.0056 x 6000% + = .3416

Now let's do the same with the low of the last candle that touched the base of the channel last week. It was .1198.

.1198 x 6000% + = 7.3078

It's too high? Yes, it is, but, the PPS can break the wall of the channel and then pullback to close inside it, like it did when it made the high at .339, and then closed the candle at .25, right at the top of the channel.

So considering the room inside the channel that is enough for a run to $5, the amplitude of the first run that points to a high of 7.30, the line that is top of the channel also pointing to $5 or higher, depending of the time the run takes. As more weeks, the higher it could go.

So are you seeing now why I called a run to $3 - $5 since the beginning?

Are you seeing "the big picture"? I see it very clearly

[Dr PennyStock]

Looks like the piece of human garbage CannabisPower on IHUB "lost the toungue".

Looks like finally Ezra Beyman did something to put this piece of garbage where garbage should be. In prison.

Yeah, I know you read this thread, so how do you feel now? Why you do not post more on IHUB calling Ezra scammer, conman, liar, crook, etc?

I hope he makes you pay also a big amount, so you learn a big lesson, you piece of human garbage.   

[Dr PennyStock]

RELI run is very very close.

Lots of buy signals in the last weeks.

Only need to break the PAR SAR ans the MA200 on the weekly chart, and the run will begin.

[Dr PennyStock]

For the ones saying on IHUB that the higher high didn't happen(the idiot Porteno and others), I post here a 6 months chart, instead of the usual 3 years chart I use, so the candles are bigger, and people can see much better.



You can see the higher highs at .173, .18 and this week at .195.

You can also see the 5 consecutive higher lows on the last 5 weeks. At .13, .131, .1405, .15 and .1607.
 
Here I talked about the higher highs and higher lows, clearly talking about the weekly chart: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=150926917

[Dr PennyStock]

Last week trading.jeff said on IHUB that RELI was trading in a sideways channel, and I agreed with the statement, but, looking attentively to the chart, the statement is not correct, so I was wrong.

That channel was broken 9 weeks ago, and this is the 10th week the stock is trading outside of that channel, as you can see on the chart below.



The weekly chart already gave 3 buy signals in the last 10 weeks. I would say that the breakout of the channel caused the other two buy signals.

The PAR SAR on the weekly chart is now at .2007, and should be broken at any moment. Maybe tomorrow, maybe still today.

People still didn't realize what we have here, and are trying to buy on the bid since a couple weeks. I saw hundreds of breakouts, and this one will not be different.

If someone wants to buy 100k shares now, better buy those at .20(see level II), because after the breakout of the PAR SAR, it may go directly to .25 - .26, and you will need to buy at .22 or .23. Just saying.

[bluebird]

I’m loving watching the stock today.  Up to .30 now!

[Dr PennyStock]

I’m loving watching the stock today.  Up to .30 now!

The last strong resistance is the previous top at .3399. Once it breaks this one, it will fly.