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ZSAN The Bk Bounce on this one could be Epic Given the Micro Float
Another bad call to scratch ACOR up 21% today. I am starting to believe that pincher technicals out weigh what would be considered a bad stock. Specifically, it is a self fulfilling prophecy, what I mean is everyone views the technical in the same manner and therefore the outcome is to buy the stock and it goes up. Same with MACD cross over, etc.
It amounts to a large number of people trading on technicals.
Yes I would agree. Very unlikely this will be a reversal. Short term
Lot of good ones. Conclusion is that we are in an up leg of a bear market some say 2 weeks.
Some good points on dilution and RS. “know what you own”
AGEN, AGRX ATRA BBLN BITF BTBT BULZ CCO CORZ EAR FUBO GTHX INFN INOQ KIND LOTZ LTCH MGNX NU OMER OST REAL RIOT RKLB
Some more info ...
Once I find a pincher I look back at the stock history for a similar pinch to try to gauge the percent the stock may potential move upward. In other words, what did the stock do under similar circumstances in the past.
Additionally, I follow MULN, SNDL, VEON these are high volume and offer a good opportunity when they pinch.
One more point if under $1 need to check for delisting and / or reverse split. Worst is being surprised with new financing. If a medical company and you look at 1 to 2 year chart you can see huge dilution, specifically price can go from hundreds down to pennies.
Anyway more than you wanted to know.
Scan Criteria ...
Just in case some one needs a scanner and so you all know what I include and exclude.
I use TDA scan on all NASDAQ stocks only.
- Price .10 to $3.00
- Volume 300k minimum
- ADX greater than 25
I usually get about 200 stocks then have to evaluate each for being a pincher. I like ones that are just breaking out.
For example, ACOR (however excluded for fundamental reasons), ENJY, note STXS broke out though still good. Take a look at the OBV behind price in the case of ACOR and STXS. Technically ACOR is a bit early and STXS already turned so a tiny bit late. Of course the TRIX is turning up CCI and RSI(5) crossing and RSI (14) ULT one or both having been oversold, and MACD is crossing over same as PPO.
Apologize for repeating myself but I think these characteristics are crucial, and frequently I have a stock on my list that travels 200+% but impossible to decern as typically it is propelled by news.
https://stockcharts.com/h-sc/ui?s=ACOR&p=D&yr=0&mn=5&dy=0&id=p38916052520
https://stockcharts.com/h-sc/ui?s=STXS&p=D&yr=0&mn=5&dy=0&id=p33658772023
There are a ton of pinchers! I’m getting them on non pincher scans. I’ll try to post a list later. I see some of the same on your list.
To clarify, most don't look good fundamentally.... However, every stock listed was up on Friday excepting CLEU (Chinese) and ENDP.
Scratch ACOR after researching further.
Most of these companies are not doing well.
Lot of Good pinchers this week 5/28/2022 ...
https://stockcharts.com/h-sc/ui?s=ACOR&p=D&yr=0&mn=5&dy=0&id=p85934757508
ACOR +
AGEN
ALDX
AQMS
ARAY
ATHX +
AXDX +
BEST
BNED
BTBT
CBAY
CLEU
ENDP
ENJY +
GRPH
KERN +
KIND
KPLT
LOTZ
PRTK
QTNT +
RIGL
STXS +
TTOO
WTER
Just a reminder Pinchers when first moving up typically have a reaction after 2 to 3 hollow candles where they pull back and then potentially move up again.
BXRX .74. Gets some volume it just may make a move.
BXRX daily
Glenn been out of town for a few days and just now catching up.
So we are in a Bear Market and what does this mean ....
It is going to look some thing like this:
http://www.chartsrus.com/charts.php?image=http://www.goldchartsrus.com/chartsfixed/USDJIND1930.gif
However, there are up movements in the indices where you can trade a stock pincher and I think the way to identify the up movement is when the indices pinch. IMO this has to be viewed on the weekly because there is too much up and down noise on the daily's. For example:
https://stockcharts.com/h-sc/ui?s=%24SPX&p=W&yr=1&mn=6&dy=0&id=p50662128809
Bear markets tend to be more volatility and therefore can actually be more profitable.
FEDU..........GLDG...........SNMP...........NEWYY...........https://stockcharts.com/h-sc/ui?s=SURG&p=D&b=5&g=0&id=p89458561652
https://stockcharts.com/h-sc/ui?s=NEWYY&p=D&b=5&g=0&id=p89458561652
https://stockcharts.com/h-sc/ui?s=SNMP&p=D&b=5&g=0&id=p89458561652
https://stockcharts.com/h-sc/ui?s=GLDG&p=D&b=5&g=0&id=p89458561652
https://stockcharts.com/h-sc/ui?s=FEDU&p=D&b=5&g=0&id=p89458561652
TRKA.........TAL.........EDU.........NDRA.........NEWYY.........https://stockcharts.com/h-sc/ui?s=NEWYY&p=D&yr=0&mn=5&dy=0&id=p97196791354
https://stockcharts.com/h-sc/ui?s=NDRA&p=D&yr=0&mn=5&dy=0&id=p97196791354
https://stockcharts.com/h-sc/ui?s=EDU&p=D&yr=0&mn=5&dy=0&id=p97196791354
https://stockcharts.com/h-sc/ui?s=TAL&p=D&yr=0&mn=5&dy=0&id=p97196791354
https://stockcharts.com/h-sc/ui?s=TRKA&p=D&yr=0&mn=5&dy=0&id=p97196791354
SNDL...........GOED...........CRBP.........RKDA..........NEWYY..........
https://stockcharts.com/h-sc/ui?s=SNDL&p=D&yr=0&mn=5&dy=0&id=p97196791354
https://stockcharts.com/h-sc/ui?s=RKDA&p=D&yr=0&mn=5&dy=0&id=p97196791354
https://stockcharts.com/h-sc/ui?s=CRBP&p=D&yr=0&mn=5&dy=0&id=p97196791354
https://stockcharts.com/h-sc/ui?s=GOED&p=D&yr=0&mn=5&dy=0&id=p97196791354
https://stockcharts.com/h-sc/ui?s=NEWYY&p=D&yr=0&mn=5&dy=0&id=p97196791354
OK, so CZOO and SLDB have turned and up 11 and 15 percent respectively.
Major indices are pinching i.e. SPX and NASDAQ, $INDU is following with a Spinning Top reversal candle.
My old friend SNDL has started to reverse and follows the NASDAQ implicitly.
https://stockcharts.com/h-sc/ui?s=SNDL&p=D&yr=0&mn=5&dy=0&id=p97196791354
On a Daily looks more like what I call a Hi-Wave, however, Pinchers can turn into Hi-Wave and Hi-Waves tend to have a greater upward movement than Pinchers.
MDVL has a Monthly Pincher Chart worth a look
Pinchers CZOO... SLDB ...
https://stockcharts.com/h-sc/ui?s=SLDB&p=D&yr=0&mn=5&dy=0&id=p76237513206
Caveats are Market Futures are down as I write at -333, I think AMZN is leading the way though it is pinching but is also a falling knife and down 31% off it high. So IMO think it is the leading indicator. Market charts are so zigzagged they are unanalyzable on a daily basis, where as long-term they form a head and shoulders with the NASDAQ showing greatest downside and performing it as well.
Here is AMZN note break of support.
https://stockcharts.com/h-sc/ui?s=AMZN&p=D&yr=0&mn=5&dy=0&id=p63530570462
Here is NASDAQ weekly for 1.5 years, crude Head and Shoulders.
https://stockcharts.com/h-sc/ui?s=%24COMPQ&p=W&yr=1&mn=6&dy=0&id=p67086247473
GHMP.....................WUHN..........................https://stockcharts.com/h-sc/ui?s=GHMPp=D&b=5&g=0&id=p89458561652
https://stockcharts.com/h-sc/ui?s=WUHN&p=D&b=5&g=0&id=p89458561652
Everything down with the exception of CZOO it is "turning" up....
https://stockcharts.com/h-sc/ui?s=CZOO&p=D&yr=0&mn=5&dy=0&id=p15387421383
Here is 30 minute chart:
https://stockcharts.com/h-sc/ui?s=CZOO&p=30&yr=0&mn=0&dy=7&id=p85788957784
ENJY looks nice ....
https://stockcharts.com/h-sc/ui?s=ENJY&p=D&yr=0&mn=5&dy=0&id=p53976619759
FYI - CRXT hit a high of .858 then closed at .73
CRXT looks good this morning, .75 price ....
https://stockcharts.com/h-sc/ui?s=CRXT&p=D&yr=0&mn=5&dy=0&id=p63603399607
TAL...............EDU............GOTU..........REDU...........NEW...........https://stockcharts.com/h-sc/ui?s=NEW&p=W&b=5&g=0&id=p86431144783
https://stockcharts.com/h-sc/ui?s=GOTU&p=W&b=5&g=0&id=p86431144783
https://stockcharts.com/h-sc/ui?s=TAL&p=W&b=5&g=0&id=p86431144783
https://stockcharts.com/h-sc/ui?s=EDU&p=W&b=5&g=0&id=p86431144783
https://stockcharts.com/h-sc/ui?s=REDU&p=W&b=5&g=0&id=p86431144783
MREO..........SESN..........KOPN..........CTMX...............https://stockcharts.com/h-sc/ui?s=MREO&p=D&yr=0&mn=5&dy=0&id=p93843979022
https://stockcharts.com/h-sc/ui?s=SESN&p=D&yr=0&mn=5&dy=0&id=p93843979022
https://stockcharts.com/h-sc/ui?s=KOPN&p=D&yr=0&mn=5&dy=0&id=p93843979022
https://stockcharts.com/h-sc/ui?s=CTMX&p=D&yr=0&mn=5&dy=0&id=p93843979022
....................great calls............... almost all greeeeeeeeeeeeeeeeen......thx
I have been scanning for an ADX of 25 or greater supposed to indicate momentum.
Check these out CTMX....KALA ....MREO....SESN....SIEN....GRTS....IDEX....KOPN....LOTZ....ONCT....CKPT
Note CTMX looks best for tomorrow. Own CLXT (initially a nice pincher) and SNDL (finally appears to be moving up but not a pincher)
Real hard to tell if bottom is in on LOTZ from this chart, note I use the OBV behind the price crossing down then up to assist in determining a bottom.
https://stockcharts.com/h-sc/ui?s=LOTZ&p=D&yr=0&mn=5&dy=0&id=p60540030773
Now look at this 30 Minute chart same stock. Seems to indicate the crossover via the OBV. Will watch to see if confirmed.
https://stockcharts.com/h-sc/ui?s=LOTZ&p=30&yr=0&mn=0&dy=7&id=p37403299577
OPTT..........YCBD.........PBTS.............https://stockcharts.com/h-sc/ui?s=OPTT&p=D&yr=0&mn=5&dy=0&id=p93843979022
https://stockcharts.com/h-sc/ui?s=YCBD&p=D&yr=0&mn=5&dy=0&id=p93843979022
https://stockcharts.com/h-sc/ui?s=PBTS&p=D&yr=0&mn=5&dy=0&id=p93843979022
.............thx ...............
CLXT...........CRDF...........BEDU...........COE..........YQ...........https://stockcharts.com/h-sc/ui?s=BEDU&p=D&yr=0&mn=5&dy=0&id=p25781940365
https://stockcharts.com/h-sc/ui?s=CRDF&p=D&yr=0&mn=5&dy=0&id=p25781940365
https://stockcharts.com/h-sc/ui?s=COE&p=D&yr=0&mn=5&dy=0&id=p25781940365
https://stockcharts.com/h-sc/ui?s=CLXT&p=D&yr=0&mn=5&dy=0&id=p25781940365
https://stockcharts.com/h-sc/ui?s=YQ&p=D&yr=0&mn=5&dy=0&id=p25781940365
..........................thx for realtime......................
CLXT starting to move ....
I think good for a couple of days.
Earnings on May 5th.
https://stockcharts.com/h-sc/ui?s=CLXT&p=D&yr=0&mn=5&dy=0&id=p25781940365
BEDU..........COE............NEW.....................https://stockcharts.com/h-sc/ui?s=NEW&p=D&yr=0&mn=5&dy=0&id=p94491982619
https://stockcharts.com/h-sc/ui?s=COE&p=D&yr=0&mn=5&dy=0&id=p94491982619
https://stockcharts.com/h-sc/ui?s=BEDU&p=D&yr=0&mn=5&dy=0&id=p94491982619
ATIP.........GOTU.........TAL........YQ........https://stockcharts.com/h-sc/ui?s=ATIP&p=D&b=5&g=0&id=p89458561652
https://stockcharts.com/h-sc/ui?s=GOTU&p=D&b=5&g=0&id=p89458561652
https://stockcharts.com/h-sc/ui?s=TAL&p=D&b=5&g=0&id=p89458561652
https://stockcharts.com/h-sc/ui?s=YQ&p=D&b=5&g=0&id=p89458561652
CLXT.....CRDF....CRIS....CTMX....EVFM....FNHC....GNCA....ICLK....RUBY
My picks for today.
They all look pretty good.
GNCA displayed here solely due to hollow candle forming today.
https://stockcharts.com/h-sc/ui?s=GNCA&p=D&yr=0&mn=5&dy=0&id=p68372506147
I don't own any of the above have funds tied up in SNDL pending outcome of earnings this Friday which are expected to be good. And of course hoping for a short squeeze.
As long as the market trend of the major indices is up these pinchers tend to do well. Yesterday when the major indices were down I believe all of these pinchers were in the red.
RIDE looks like a nice swing trade as does CGC, though mildly pinching.
https://stockcharts.com/h-sc/ui?s=CGC&p=D&yr=0&mn=5&dy=0&id=p59833285986
RIDE..........KXIN..........AIM.........MMAT.........https://stockcharts.com/h-sc/ui?s=MMAT&p=D&yr=0&mn=5&dy=0&id=p28891051507
https://stockcharts.com/h-sc/ui?s=AIM&p=D&yr=0&mn=5&dy=0&id=p28891051507
https://stockcharts.com/h-sc/ui?s=KXIN&p=D&yr=0&mn=5&dy=0&id=p28891051507
https://stockcharts.com/h-sc/ui?s=RIDE&p=D&yr=0&mn=5&dy=0&id=p28891051507
Had a very lengthy list of pinchers however these were my best picks ....
AKBA
CRIS
CYDY
ICLK
RUBY
SESN
CYDY may run further some obscure news in conversations posted mostly on Yahoo and Stocktwits linked to Reddit site.
RUBY turned out real nice as well.
However, historically CYDY will have a short up day then down, unless investors buy into the news which seems to be the case.
https://stockcharts.com/h-sc/ui?s=CYDY&p=D&yr=0&mn=5&dy=0&id=p28891051507
For some reason I like ICLK not sure why.
CYDY turned out real nice today about 25% profit.
YCBD......ARDX.....CYDY.....RUBY.....https://stockcharts.com/h-sc/ui?s=YCBD&p=D&yr=0&mn=5&dy=0&id=p92563008034
https://stockcharts.com/h-sc/ui?s=ARDX&p=D&yr=0&mn=5&dy=0&id=p92563008034
https://stockcharts.com/h-sc/ui?s=CYDY&p=D&yr=0&mn=5&dy=0&id=p92563008034
https://stockcharts.com/h-sc/ui?s=RUBY&p=D&yr=0&mn=5&dy=0&id=p92563008034
.....................THX.............................
Picked up some CYDY this morning not sure if it will move hoping for a breakout today. Volume appears better than yesterday.
https://stockcharts.com/h-sc/ui?s=CYDY&p=D&yr=0&mn=5&dy=0&id=p92563008034
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PPO & ADX
Definitions:
The PPO (Percentage Price Oscillator) is a momentum indicator that tells us the percentage, above or below the long-term indicator, that a stocks price falls. So, when the PPO ‘pinches’ it was at -40%. This means that the stock was trading -40% below is long-term average price. It was grossly oversold.
The ADX(Average Directional Index) is an indicator that shows the strength of a trend. Measured on a scale from 0 to 100, values below 20 are considered weak and values above 40 are considered strong. It is important to understand that the ADX does not indicate whether a trend is bullish or bearish only it’s strength
Good scans to get you started!
Charger's Scan (Stockcharts) - http://investorshub.advfn.com/boards/read_msg.aspx?Message_id=33854076&txt2find=scan
SimpleGreen's Scan (Stockfetcher) - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31539713
Crable's Pincher Scan (Stockcharts) - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35020410
Starter Scans (Stockcharts) - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35047573
captain america's Scan (Stockcharts) - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35233571
People often think that pinchers are only for BUY signals and not SELL signals unless the candle breaks down the MA(20). If someone tells you this, please remember that Soapy told you to slap such people and call them an idiot to their face. Also people often think that the PPO/ADX pincher is the king of pinchers (which may be true) but such pincher plays require the MA(20) to be your "golden egg" stop loss. But this too is utter nonsense when playing a pattern given a pincher. For example, consider the chart below for Deckers Outdoor Corporation in which a rising wedge can be seen using the green trendlines. As we all know, such a wedge is inherently bearish and needs a sound exit as to retain a profit. But how does a pincher tell you when to exit?
Unlike entry, which can be a total pain, the exit is quite simple to nail given the ability to look beyond the ADX/PPO pincher which has NO INFORMATION on when to exit other than: "Oops, we hit the MA(20) and I just lost considerable gains. DOH! I feel like I rode FFGO and GLCC back to 0.0001!" Since we're here to make money, we don't want to be the MA(20)-idiot that gave up 30% of profit due to an ineffective stop loss methodology. Thus we should consider appealing to a pincher as a signal to jump ship and take profits. The trick to this is to look at the PVO/STO pinch as a signal to exit. The chart below illustrates how to find such a pinch and is pretty much the entire story. So, please keep in mind that an ADX/PPO pinch may tell you when to enter, but the PVO/STO tells you when to exit if and only if you can define a pattern for the candlesticks. Also, for those who want to exit at the top of a swing, notice how the exit keeps you above the MA(20); an exit leaving more profit in your pocket.
Happy Trading.
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