CANNAINVESTOR Magazine U.S. Publicly Traded December 2017 | Page 212

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What type of charts do you “Beleave” in? Let’s take a look at what is going on within Beleave Inc’s chart to see what we can really believe here. Is it cup and handle I see, or is it a wedge? Both of these chart setups we have previously discussed. Let’s do a quick refresher here. Assuming you are not short, at least over four and a half feet… oh wait, sorry I mean not betting on the stock's price going down that is, then cup and handles are seen as a positive charting setup. As for the wedge within Beleave, we see a symmetrical triangle. With this wedge we would be watching for a breakout to occur. If it breaks downward it would be bearish. It it breaks upward then it would be bullish.

Typically with wedges, if you do not like to gamble it is recommended that you wait for confirmation of a break. However, it is ok to cheat (your secret is safe with me). How can we cheat exactly? Well that cup and handle trapped within the wedge is telling us that this is more than likely going to pan out for the bulls. With that being said, you can feel confident about taking a position on this one now, or at a minimum have this one on your frequent check list to add as soon it breaks. So what do you Beleave, well I Beleave in more than one chart pattern here for sure. Whatever it is that you Beleave in. I hope it brings you magnificent gains.

Beleave Inc. (OTC: BLEVF)