Zen Hedge (ZENH)

[EnixStorm]

GYST thoughts reposted...

This chart has high accumulation and low volume drop offs. Nothing significant to lead me to believe that people are dumping shares or losing confidence in the stock, nor the company diluting shares. Daily and Weekly charts can be contradictory to each other due to the time frames as well as the broader range of the potentials in their data.

A pennant has formed although the sar just flipped due to the support being at .0015... MM's control the open and the close, and MM's make the charts so to speak in pennyland. They want people to see these signals for when they short, need to cover, or run a stock up for profit/promotions etc. Although the sell signal has popped the base is pretty strong AND it popped on a friday at the possible end of a consolidation phase - Friday is position close out/profits/losses day. It can also be noted that when investors loaded shares in the trips, the psychological toll of watching your profits disappear can and will force people to take their profits as they are available. Cutting losses for day traders as well is imperative especially prior to the weekend if they stick solely to day trading and not swing trading.

The key component that I used to actually hit the confirm button for the trade was the 25MA crossing the 50MA. Now it has 2 choices... bounce off the 50MA at this next squeeze point, or fall through and confirm a bearish market :/



From the next chart I see things a little differently. Look at that 750mil week that posted, that's HUGE! 3 times the float was traded in a week, which imo is usually some shares being thrown into the market. No problem. Alot of stocks have been dropping down to these rangs for note conversions, then they pop up as you see with that .0028 close week and then consolidate or hit those levels again for partial conversions or another new note.

The connection I see between the two timeframes and what I'm focusing on specifically for this stock is the pennant that's formed with a base of .0015. RSI and MFI has been steadily rising on both the daily and weekly charts. When you draw out chart lines you try and connect 3 points high or low for verification of a trading range or trend. 2 have formed thus far with a 3rd in the works. Although the 3rd has not formed yet, the steady support at .0015 leads me to believe that it will and we will see a significant rise in PPS. whether a trend forms or the pattern continues is up to debate on the new data at that point.

IMO GYST has good breakout potential or at least another test of high resistance before it's fate is decided. One key point I'm looking at as well is next week the OTC shorting rule comes into effect... and I am leaning towards a bullish week for most OTC stocks as MM's close out there positions.

[EnixStorm]

HPNN: Interesting Chart/Play

Microsoft Patent makes this thing go BOOM! 4b traded, now the Bullish Pennant forming.

Conference call increased volume, which had breakout momentum cut short, then sent flying back to close at .0011... Interesting thing is there has been loading every level everyday. The MM's have purposely marked the price specifically at the lows you see on the chart. When it started getting close to EOD... HUGE bid support showed up, at least 2/3 larger than any of the previous days of bid support which had been between 20-30mil at the .001 and .0011 the previous 3 days. Bid support became 50mil @.0011 during power hour, Stopping any sells from hitting .001 and decreasing investor "confidence" of bullish consolidation/retracement.

The pennant forms a "squeeze" @ .0011/.0012. Not even looking at level 2 action or other technical indicators, the Volume alone (Volume precedes price whether going up or down) Something sporadic will occur tomorrow, which is normally profit taking/close-out position day for most traders who like Gold rather than paper money so to speak. Sometimes stocks fly on Friday going into the next week looking for a good forecast, others peak out and falter to keep the weekly price increase in a not-so-crazy configuration.

Unfortunately there is alot of missing data having been a triple 0 stock for quite some time. The confirmation of the fundamentals for the company is the driving factor in my opinion. Of bigger interest is the backer-Microsoft. A nice big tree-trunk of a company to have on your side when it comes down to credentials. The company may not have done a heck of a whole lot to put it rawly over these past few years, but companies like Microsoft or Apple, Energy companies and the like don't put their name next to yours unless you have something to offer.

We're definitely hitting that .0028 again, that's what I see. I don't believe this will make a move as big on the "next" leg of the chart as it's first. I would expect this realistically though to make a move into the 4's and 5's which is not the 700% gain this saw right off the bat but in a day 250-300 percent followed by smaller increments before top-off and retracement is not far-fetched by any sretch of the imagination.

[EnixStorm]

Random Intro for a Random Board.

Technical Plays from a thought process aspect. Throw down what you're "thinking" about what you see in the technicals, not necessarily what history, books, definitions and master chartists are "telling" you what it says.