right now i'm trying to figure out what i'm doing on this board. there's a reasonable amount of time i can't can't get here, and i really don't intend to watch and write daily about the same stocks unless there's a point to it.
that said, i do want to follow a few of my stocks. particularly my bottom plays. as part of the requisite setup for this board, they have to be range-locked at a relative bottom. i have 5 of them and i suspect 2 or 3 of them may wake. here's where they currently stand.
ENIP is getting close to another upmove. still needs volume to break past the ask blocker, but the pennant chart is still intact, and the 20ma through 50ma is coming soon. on a wild assed estimation of its next move, volume dependent, i'd say sometime from end of this week to end of next. i think it moves before the next filing.
NHPI suddenly volume and selling has dried up. but based on the recent pullback and volume, i'm expecting news or promo. anyways, there's lots of pressure for this one to go one way or the other. been range locked .0006-.0012, with loading zone here to .0008/9, and flipping zone just above it. this might go soon. if so, breakout is bid over .0014/5.
GLBH seems to be getting its filings in order. same range lock and loading zone as NHPI. but news brings story. story brings volume. and volume brings money. since filings aren't freely done -- otcmarkets makes money on them -- i think its safe to say someone has something in mind. might have to watch to see if they increase a/s from 700M. o/s is already 685M, but 300M of that was issued as restricted stock in an acquisition exchange on Mach 1 last year with American Dream Management. by now those shares are probably freely trading so it will be interesting to see how or if they are traded.
DCLT has re-entered the buy zone. this is a stock, as are most, that has a trading range that is a relative double-- low bid to high ask. call it .0028-.0056. anything below ,004 is in the loading zone. above that it enters the flipping zone. because breakout, up and down, is always based on the bid, sells of .006 and a little above are possible without a breakout. same thing holds true below. bottom still holds as long as .0022/4 doesn't break. this one might be too thin for its own good. the ask blocker here has been stronger than anyone else. this needs a catalyst beyond just the chart. if it gets it, .01 is a mere start. until then...... its a snooze fest.
OCLG another loading zone stock. this is the problem with range locked bottom plays. there's rarely enough sustained buying volume to break them out. so it gets flipped, and repositioned ad nausem. this one is range locked .0044/5- .009. buy under .0065, sell over .0070. rinse, lather, regurgitate. and because shares are coming in, this could be another snooze fest until they're fully absorbed. might want to take my eyes off the road here and put it on auto-pilot. its a long drive back to the heights of last year.
AI
