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charts from scan.....https://stockcharts.com/h-sc/ui?s=ktra&p=W&b=5&g=0&id=p86431144783
https://stockcharts.com/h-sc/ui?s=ontx&p=W&b=5&g=0&id=p86431144783
https://stockcharts.com/h-sc/ui?s=nnbr&p=W&b=5&g=0&id=p86431144783
https://stockcharts.com/h-sc/ui?s=mnkd&p=W&b=5&g=0&id=p86431144783
https://stockcharts.com/h-sc/ui?s=muln&p=W&b=5&g=0&id=p86431144783
https://stockcharts.com/h-sc/ui?s=nmtr&p=W&b=5&g=0&id=p86431144783
https://stockcharts.com/h-sc/ui?s=otrk&p=W&b=5&g=0&id=p86431144783
This market is so whacked.
BORR....HUSA....SDPI....USWS....NEW....https://stockcharts.com/h-sc/ui?s=new&p=W&b=5&g=0&id=p86431144783
https://stockcharts.com/h-sc/ui?s=USWS&p=W&b=5&g=0&id=p86431144783
https://stockcharts.com/h-sc/ui?s=SDPI&p=W&b=5&g=0&id=p86431144783
https://stockcharts.com/h-sc/ui?s=HUSA&p=W&b=5&g=0&id=p86431144783
https://stockcharts.com/h-sc/ui?s=BORR&p=W&b=5&g=0&id=p86431144783
BORR...GBS...GHSI...MOHO...HUSA...SDPI...USWS...TLSA...https://stockcharts.com/h-sc/ui?s=BORR&p=W&b=5&g=0&id=p86431144783
https://stockcharts.com/h-sc/ui?s=GBS&p=W&b=5&g=0&id=p86431144783
https://stockcharts.com/h-sc/ui?s=GHSI&p=W&b=5&g=0&id=p86431144783
https://stockcharts.com/h-sc/ui?s=MOHO&p=W&b=5&g=0&id=p86431144783
https://stockcharts.com/h-sc/ui?s=HUSA&p=W&b=5&g=0&id=p86431144783
https://stockcharts.com/h-sc/ui?s=SDPI&p=W&b=5&g=0&id=p86431144783
https://stockcharts.com/h-sc/ui?s=USWS&p=W&b=5&g=0&id=p86431144783
https://stockcharts.com/h-sc/ui?s=TLSA&p=W&b=5&g=0&id=p86431144783
Pinchers for the week 3/5/2022 plus something new ...
Volume High (H - 1M+) Medium (M) Low (L) and ML (medium Low) MH (medium High) VL (Very Low) VH (Very High)
CRXT ++++ LV 1.03
CZOO ++++ H 2.84
ENDP ++++ H 2.35
ENIC ++++ H 1.48 Trying to turn
EQRX +++++ H 3.09
FREQ +++++ ML 2.13 Needs confirmation
GOCO ++++ 1.17
RBBN +++++ ML 2.16
SLDB ++++ VL .75
SRNS ++++ H 2.20, Falling Knife
TUEM ++++ VL 1.25 Falling Knife
VEON ++++++ VH .40
Some Hi-Waves that look Good.
HUSA H 1.90
SDPI H 1.21
TLSA ML .92
USWS H 1.72 Looks Best
Something different that I want you to think about.
New Format - Couldn't come up with a name so "New Format" is the name. In this situation you have a pull back from a Hi-Wave. If the pull back does not retrace to the original starting price but plateaus, then I have eventually seen the stock surpass the old high, usually a few days to a week.
MOHO H .29 , not the best example, so we will see how it turns out.
Was a pincher on my previous list then sort of a Hi-wave. However, illustrates a semi-pull back as investors want to hold it.
IMO - VEON is the best day trade for Monday and even potentially a buy and hold.
THX...for the comment....sell on the gut feelings....that the risk you take
with low volume stocks....as you can see most of my picks have volume
except NEW....https://stockcharts.com/h-sc/ui?s=new&p=W&b=5&g=0&id=p86431144783 ''''using it as long term play...others
in and out....thanks,,, apreciate the advise....keep it coming....
Just one comment regarding low volume ...
Several years ago I owned a low volume stock and it was up during the day on a nice move and I anticipated selling. However, another trader dumped 25,000 shares at the market and immediately drove the stock price down, and the stock never recovered. On high volume stocks it would take a lot more than 25,000 shares to move the needle. Still can happen but needs a big block, so I have noticed fewer occurrences and a quicker rebound.
ITRG...SNMP...IO...RCON...CEI...TRVI...UAMY...NEW...https://stockcharts.com/h-sc/ui?s=ITRG&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=IO&p=D&b=5&g=0&id=p89458561652
https://stockcharts.com/h-sc/ui?s=RCON&p=D&b=5&g=0&id=p89458561652
https://stockcharts.com/h-sc/ui?s=CEI&p=D&b=5&g=0&id=p89458561652
https://stockcharts.com/h-sc/ui?s=TRVI&p=D&b=5&g=0&id=p89458561652
https://stockcharts.com/h-sc/ui?s=UAMY&p=D&b=5&g=0&id=p89458561652
https://stockcharts.com/h-sc/ui?s=NEW&p=D&b=5&g=0&id=p89458561652
BXRX 1.70. It could tighten up a bit more.
BXRX daily
Watching LXRX and CPSH as well.
Well FREQ was perfectly bad example, crashed today.
However, everything else on my watch list was down excepting.
KRBP and NMTR (minimal.
Guess it is time to just sit out.
KTRA....ONTX....KTBP....NNBR....MNKD....FREQ....https://stockcharts.com/h-sc/ui?s=FREQ&p=W&b=5&g=0&id=p86431144783
https://stockcharts.com/h-sc/ui?s=MNKD&p=W&b=5&g=0&id=p86431144783
https://stockcharts.com/h-sc/ui?s=NNBR&p=W&b=5&g=0&id=p86431144783
https://stockcharts.com/h-sc/ui?s=KTPB&p=W&b=5&g=0&id=p86431144783
https://stockcharts.com/h-sc/ui?s=ONTX&p=W&b=5&g=0&id=p864311447
https://stockcharts.com/h-sc/ui?s=KTRA&p=W&b=5&g=0&id=p86431144783
....thank you ....you generated more unkown symbols ....N/P.....in 3 still / played 2 and sold /played 2 last yr. nings...in and out....but on occasion
playing low volume plays works for me....just ties up funds longer....
One more Tip Pinchers / Reaction / Hi-Wave ...
We all know Pinchers and they often pull back (Reaction) then they can turn into what I have termed a Hi-Wave which is typically the most powerful and lasting move that is initiated with a pinch.
In a Hi-Wave the PPO and ADX both turn up as opposed to a Pinch where PPO and ADX pinch.
Here is an illustration of that occurring right now in Oil $WTIC.
Tip - Falling Knife, hope this helps / makes sense.
When you have a falling knife when do you know it is done falling, very hard to determine.
Lets look at FREQ listed in my previous post. I identified it as a Falling Knife yesterday today it has turned.
What changed?
Only indicator I have found for this is OBV. I have circled in (green) in these pictures and it is dark black and is illustrated behind price. Doesn't always work. It changes and moves base on its calculation and can move a day at a time on Daily. So I use the 30 minute chart for confirmation but again not always 100% but better than nothing.
Everything helps to make us better traders. The more profitable and successful we are the more Pinching becomes an accepted concept in technical analysis.
So here is FREQ Daily. Yesterday a Falling Knife today it has turned.
Here is the 30 Minute. See the confirmation.
Here is what I had from a scan I did yesterday but did not post.
BXRX +++
FREQ ++++ Falling Knife, turned yesterday
KRBP +++++ Late
KTRA ++++
MNKD +++++
MOHO +++++
MTNB ++++
MULN +++++ Late
NMTR ++++
NNBR ++++ Watch
NVIV +++++ Late
ONTX +++++ Late
OTRK +++
SYRS ++++
VEON ++++++
For some reason MOHO blew up since yesterday. MNKD took of as well.
https://stockcharts.com/h-sc/ui?s=MOHO&p=D&yr=0&mn=5&dy=0&id=p69497777127
Check volume on these. I tend to like higher volume easier to get in and out not as wide a spread. These should all be NASDAQ stocks NO commissions.
Actually, VEON just did a news release today and sitting on 2.1 billion in cash. They have a business model that encompasses Russia and the Ukraine, which is the issue, offices are in Netherlands.
Yeah, I was just thinking that symbol will likely have a X on the end pretty soon.
VEON recovering from a Short attack. I agree on the overnight hold.
Looks good! Not an overnight hold but that's just my thoughts.
SONN looking better as well.
Hollow candle forming at .448 now.
Looks good for the dead cat bounce imo. $VEON.
Bought into VEON this morning, at .4185 right now think it has bottomed.
https://stockcharts.com/h-sc/ui?s=VEON&p=D&yr=0&mn=5&dy=0&id=p20320020419
$INPX .355. SONN .30 DYNT .74 I like the looks. Possibly the bottom has been set.
INPX daily
SONN daily
DYNT daily
AVGR and OTLK similar pattern - Hi-Wave
XTNT looks the best what I call a Hi-Wave formation.
Here is a refresher.
$SNDL Hi-Wave forming first day...
PPO,ADX,TRIX (3,3) all turn up.
https://investorshub.advfn.com/uimage/uploads/2021/10/19/bcpyj2021-10-19_12-43-42.jpg
OWLT has a similar chart to GMVD with already hit the daily target and both Medical Devices, so thanks for the OWLT alert
MULN turned out nice .62 to 1.95 in 3 days.
https://stockcharts.com/h-sc/ui?s=MULN&p=D&yr=0&mn=5&dy=0&id=p11147390540
$INPX .36
https://stockcharts.com/c-sc/sc?s=INPX&p=D&yr=0&mn=3&dy=10&i=p98365817596&a=785057520&r=1595002948255
See how this works out.
YCBD..NEW..OPTT..XTNT..CHEK..CFMS..OWLT..NISN..RMED..OGEN..ENVB..
...a few charts to review....enjoy the week/end...
https://stockcharts.com/h-sc/ui?s=NEW&p=D&b=5&g=0&id=p89458561652
https://stockcharts.com/h-sc/ui?s=OPTT&p=D&b=5&g=0&id=p89458561652
https://stockcharts.com/h-sc/ui?s=YCBD&p=D&b=5&g=0&id=p89458561652
https://stockcharts.com/h-sc/ui?s=XTNT&p=D&b=5&g=0&id=p89458561652
https://stockcharts.com/h-sc/ui?s=CHEK&p=D&b=5&g=0&id=p89458561652
https://stockcharts.com/h-sc/ui?s=CFMS&p=D&b=5&g=0&id=p89458561652
https://stockcharts.com/h-sc/ui?s=OWLT&p=D&b=5&g=0&id=p89458561652
https://stockcharts.com/h-sc/ui?s=NISN&p=D&b=5&g=0&id=p89458561652
https://stockcharts.com/h-sc/ui?s=RMED&p=D&b=5&g=0&id=p89458561652
https://stockcharts.com/h-sc/ui?s=OGEN&p=D&b=5&g=0&id=p89458561652
https://stockcharts.com/h-sc/ui?s=ENVB&p=D&b=5&g=0&id=p89458561652
That's turning into a real beaut on the weekly chart. Some thoughts on the daily to mesh with the weekly: https://stockcharts.com/h-sc/ui?s=CBIO&p=D&yr=0&mn=6&dy=0&id=p28379988295&a=1117885432&listNum=21
Checking out AVRO. Pincher technically and want to look at this company some more fundamentally. A quick look shows over $200 million in cash at the end of Q3 and a $65 million loan deal with Silicon Valley Bank. Yeah, they burned through $32 million in Q3, but a $66 million market capitalization seems to undervalue the company at first blush. Biotechs have been the market's whipping boy for quite a while; time to turn this franchise around.
MULN appears to be pinching and turning though has been heavily naked shorted by Market Makers* - buyer beware.
Note the OBV in both of these charts.
Here is Daily, has been a total Falling Knife. Can't even tell that a hollow candle is forming today.
https://stockcharts.com/h-sc/ui?s=MULN&p=D&yr=0&mn=5&dy=0&id=p06742016494
Here is 30 minute and again note OBV. I believe it foretells the turning point.
https://stockcharts.com/h-sc/ui?s=MULN&p=30&yr=0&mn=0&dy=7&id=p79678499939
Whole point is that you may find these useful for other stocks as well.
* "Rule Comments: S7-24-99. The rules, which allow Market Makers (MMs) to naked short stocks, should absolutely be changed. The behavior, which results from this activity, under any other circumstance would be criminal."
Funny related SEC website was down.
https://www.sec.gov/rules/concept/s72499/balleng1.htm
CBIO weekly pincher with Bullish Divergence
Weekly pincher
Daily chart
CBIO with a nice move today. Big volume move and 8% price climb.
Interesting chart. I wish MULN looked that way. But I'm not seeing a PPO-ADX pincher. Right?
LOL, the way this is dropping it could be negative by then...
OBV broke below price so trigger is close, typically next couple days.
https://stockcharts.com/h-sc/ui?s=MULN&p=D&yr=0&mn=5&dy=0&id=p05535165598
$MULN building a powerful PPO-ADX pincher, but not yet triggering:
https://stockcharts.com/h-sc/ui?s=MULN&p=D&b=5&g=0&id=p79170838212
DAVE intra day pinch , I bought $12.50 C options 18 Feb 22 .15 OM the next C options IM are $10.50 @ $1.00
DAVE 10 min pincher
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Special thanks to Durkkdiggler for his awesome job with the ibox header!
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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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