OncoSec Medical Inc (ONCSQ)

[123tom]

The way ONCS looks and feels to me...


http://content.screencast.com/users/tabtom123/folders/Jing/media/43d8e103-4fcc-44fb-8555-82f9bb0abcd7/2015-01-21_1728.png

I studied the ONCS chart for a few hours,trying to see any discernible trend pattern. It does not show a currently trending direction. long term from the 18 cent bottom can be seen as an upwave. Long term downwave from the 97 cent to the present 38 area can be seen as a downwave,ongoing.

It supports the idea that ONCS might be developing a Range Pattern.

Spending 2 hours trying to draw a pattern that shows a certain direction, yielded charts that look like this...

What kind of visual image is this ?
http://content.screencast.com/users/tabtom123/folders/Jing/media/33e669ff-052e-4349-baa4-03740acb5b1b/2015-01-21_1503.png

As I look at charts alot... when you constantly study a chart,you get to not just see how price action is moving,but it also develops a 'feeling' what you sense as a gut feeling, a spidey sense, after a while, it becomes like a comfortable old shoe...
Ive gotten some of that feeling sense to go along with the TA chart patterns and sensitive moments in price action.... Some time back, maybe a few weeks ago...I think I saw a poster say (cynically) something like...."what am I supposed to do now...sell at 56 cents?!" something like that....and I remember thinking...."Ummm, Maybe, yes...maybe..." If the rally pattern looks like its struggling, if the indicators look like its getting tired going up... if there is no fundamental news to propel more buying.... IF the pattern might be developing a Range Pattern, where 66 is a topping zone and 36 is a bottoming zone.... and price starts Failing around 53....yes, maybe yes.... If it was possible to see and sense that the price was struggling to rally above 53 or 56...and youre seeing a drop down to the 41 and 38 zone as possible...a few weeks ago... it would have been the right technical move, to sell a little at 56 or whatever it failed at, so that one can buy it back now.

This drop down to test the bottom zone is not surprizing to see IF the price action is developing a Range Pattern.

and at this point the case becomes stronger more and more....that ONCS could be developing a Range Pattern....so it might suggest the bottom zone 30-36 cents to a top zone 66-72 cents...? for now? and in the middle there's nothing to do but wait.
to buy at 30-38 and sell some at the topping zone would become the technical trade in the range pattern.

If you look at the ONCS chart weekly and daily chart, with the desire to see an UPWAVE... this is about the
most honest draw of lines....but it shows a set of downwave lines as well as upwave lines.

http://content.screencast.com/users/tabtom123/folders/Jing/media/43d8e103-4fcc-44fb-8555-82f9bb0abcd7/2015-01-21_1728.png


but by setting your mental (and emotional) lens to see the Range Pattern... and see what that chart looks like. it looks a bit more clear to see .

and to see the boxes setting the Range Zone borders, with key price points as the main targets ,in the steps up and down....which is the way ONCS price action has flowed...not like a train track in one direction, but like a set of stair steps,up and down, and now ONCS drops to the 38 step,after falling from the 49 step.

Very devoted has been ONCS to hitting the same key price points over and over, this whole time since a year ago..... you probably know them all by heart now. 72/68/66/63/58/56/53/50/49/46/43/41/38/and so far 36 has been the current bottom in this cycle.
and we see these same price points get hit going up and on the way down.

In a potential Range pattern ,there are several Boxes that could define the borders. here at 38/36 area could be one. So also could be 30 cents.The bottom zone 30-38 shows on this chart.

http://content.screencast.com/users/tabtom123/folders/Jing/media/fbb72cc6-0e11-4b12-a87a-7b7bcc1d719b/2015-01-21_1819.png

and now by adding a few Fibonacci Arcs to the picture you can see the shape of the downwave structure and how it flows.

http://content.screencast.com/users/tabtom123/folders/Jing/media/2091f0eb-97c3-4b0c-b1ed-0722cd1767e4/2015-01-21_1817.png

I wish the targets didnt go as low as 30 cents. 38 and 36 seems plenty low enough. But its there on the chart. Maybe a Range top to bottom is looking at 30-50-70
36-54-72
30-60-90...who can say.

but when price demonstrates this repetitive ability to go from 40 to 90 and 40 to 80 and down to 36 and up to 66 and down to 36 again.... the only pattern developing is a Range Pattern.

The fundamental news as usual can shatter any TA picture when the moment comes. but this chart appears to be travelling to test and retest the extreme borders in what looks like a Range Pattern developing. if it looks like anything.

I think its tempting to buy some Trading shares below 40, closer to 30/35 , so I can sell them at 53-68 cent area for a nice profit. ... about 50-70 % , thats a nice trade.