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Cantankerous up in AH trading. Close 1.24 AH high 30 min before close 1.60
CNTM on the move, +30% today. Great looking pinch.
Daily pincher chart
IMRX weekly pincher
Daily pincher
Drop is setting up
Ilus now comes the good part
SEEL setting up. pos just did a RS again.
SEEL
On watch, reversal can come any day now
JFBR daily. Candles boxed are a bullish continuation pattern
Daily chart
BCAN !!! Setting up for big run. EOD action today was amazing. I don’t know what’s going on, but there were some big movers today going 200 300 900 %, this might follow.
look at $PETS on the weekly, PLUS it has a 22% short interest. MAJOR potential move here
BCAN on the move! 1.25 first target. Second target 2.50. But keep an eye on the 50 MA
$BLEG:
*We are actively working to close a kava extraction contract, the revenue from which will dwarf all previous endeavors of this company.
— Dave Oswald (@Dave_Oswald_CEO) April 5, 2024
*We are working to close a deal to provide nanized precursors to a well established beverage manufacturer, ensuring profitability moving forward
LICY woot woot 51% link back
LICY I took a position today
weekly pincher chart
RAPT daily....https://schrts.co/wkFjXwpp
I know pincher charts are traditionally plays on somewhat shorter time frames, but $IEP has one close to being confirmed on the monthly chart. Good opportunity here to collect a high yield dividend as your ride out a 50+% gain
NOTE: IEP is an MLP, if you opt to buy the equity in lieu of options, be sure you understand what that means
OOPS $SMX .38 not .038. link back for the chart. Certainly woulk like to see the $ before .038 but who know with that pos.
MCRB Weekly, early https://schrts.co/qZWauyPz
WHLR 59%+ today. what bummer I didn’t see this sooner
Daily pincher
What ticker? You didn’t post one, nor did you reply to another post.
Pincher confirmed on the weekly, $30 here we come!
WBA break out over resistance. Head and shoulders pattern break out. Link back for chart.
WBA bullish divergence complete, trying break through resistance.
Daily Pincher
LSDI update: 30 days later , found new lows. Another POS
Volume way too low on evax
anybody watching $WBA?
pinching on the daily, weekly and monthly. looks like it probably has another couple weeks before its ripe for the picking
WINT Pincher Setting up on the Weekly Chart High ADX and PPO Kissing on the weekly chart https://schrts.co/zfbJSerY Low Float Bio Tech Multi Billion Dollar Phase 2 Drug Company says catalyst coming Windtree Therapeutics (NASDAQ:WINT) Is Developing A Multi-Asset Franchise Of Its Novel SERCA2a Activators In A Multi-Billion Dollar Market https://finance.yahoo.com/news/windtree-therapeutics-nasdaq-wint-developing-130000361.html Chart Super Oversold after 5 Reverse stock splits Low Float has Cash Total Cash (mrq) 11.47M
Total Cash Per Share (mrq) 2.23 Trading at 1.10$ Long Super Nova Potential like VTGN Last Month 1.70$ to 60$
WINT Pincher Setting up on the Weekly Chart High ADX and PPO Kissing on the weekly chart https://schrts.co/zfbJSerY Low Float Bio Tech Multi Billion Dollar Phase 2 Drug Company says catalyst coming Windtree Therapeutics (NASDAQ:WINT) Is Developing A Multi-Asset Franchise Of Its Novel SERCA2a Activators In A Multi-Billion Dollar Market https://finance.yahoo.com/news/windtree-therapeutics-nasdaq-wint-developing-130000361.html Chart Super Oversold after 5 Reverse stock splits Low Float has Cash Total Cash (mrq) 11.47M
Total Cash Per Share (mrq) 2.23 Trading at 1.10$ Long Super Nova Potential like VTGN Last Month 1.70$ to 60$
$EVAX .84 getting closer imo
EVAX[/url][tag]EVAX chart
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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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