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THREE OUTSIDE DOWN
The Bearish Three Outside Down Pattern is another name for the Confirmed Bearish Engulfing Pattern. The third day confirms the bearish trend reversal.
Recognition Criteria:
1. Market is characterized by uptrend.
2. We see a Bearish Engulfing Pattern in the first two days.
3. Then we see a black candlestick on the third day with a lower close than the second day.
Explanation:
The first two days forms a Bearish Engulfing Pattern, and the third day confirms the reversal suggested by the Bearish Engulfing Pattern since it is a black candlestick closing with a new low for the three days.
The chart above shows this ratio with the S
$MMTIF Profile on PST - For All Your DD Use More http://www.pennystocktweets.com/stocks/stockprofile/MMTIF
Respect "outside reversals" after extended bull or bear runs. Reversal days on the charts signal the final exhaustion of the bullish or bearish forces that drove the market previously. Respect them, and respect even more "weekly" and "monthly," reversals.
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For a candlestick chart, the open, high, low and close are all required.
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Moving Averages - Double Crossovers
Two moving averages can be used together to generate crossover signals. In Technical Analysis of the Financial Markets, John Murphy calls this the "double crossover method". Double crossovers involve one relatively short moving average and one relatively long moving average. As with all moving averages, the general length of the moving average defines the timeframe for the system. A system using a 5-day EMA and 35-day EMA would be deemed short-term. A system using a 50-day SMA and 200-day SMA would be deemed medium-term, perhaps even long-term.
A bullish crossover occurs when the shorter moving average crosses above the longer moving average. This is also known as a golden cross. A bearish crossover occurs when the shorter moving average crosses below the longer moving average. This is known as a dead cross.
Moving average crossovers produce relatively late signals. After all, the system employs two lagging indicators. The longer the moving average periods, the greater the lag in the signals. These signals work great when a good trend takes hold. However, a moving average crossover system will produce lots of whipsaws in the absence of a strong trend.
There is also a triple crossover method that involves three moving averages. Again, a signal is generated when the shortest moving average crosses the two longer moving averages. A simple triple crossover system might involve 5-day, 10-day and 20-day moving averages.
The chart above shows Home Depot (HD) with a 10-day EMA (green dotted line) and 50-day EMA (red line). The black line is the daily close. Using a moving average crossover would have resulted in three whipsaws before catching a good trade. The 10-day EMA broke below the 50-day EMA in late October (1), but this did not last long as the 10-day moved back above in mid November (2). This cross lasted longer, but the next bearish crossover in January (3) occurred near late November price levels, resulting in another whipsaw. This bearish cross did not last long as the 10-day EMA moved back above the 50-day a few days later (4). After three bad signals, the fourth signal foreshadowed a strong move as the stock advanced over 20%.
There are two takeaways here. First, crossovers are prone to whipsaw. A price or time filter can be applied to help prevent whipsaws. Traders might require the crossover to last 3 days before acting or require the 10-day EMA to move above/below the 50-day EMA by a certain amount before acting. Second, MACD can be used to identify and quantify these crossovers. MACD (10,50,1) will show a line representing the difference between the two exponential moving averages. MACD turns positive during a golden cross and negative during a dead cross. The Percentage Price Oscillator (PPO) can be used the same way to show percentage differences. Note that MACD and the PPO are based on exponential moving averages and will not match up with simple moving averages.
This chart shows Oracle (ORCL) with the 50-day EMA, 200-day EMA and MACD(50,200,1). There were four moving average crossovers over a 2 1/2 year period. The first three resulted in whipsaws or bad trades. A sustained trend began with the fourth crossover as ORCL advanced to the mid 20s. Once again, moving average crossovers work great when the trend is strong, but produce losses in the absence of a trend.
To maximize your profits, stage your buys, work your orders and try to get the best price over time
Semi-log scales are useful when the price has moved significantly, be it over a short or extended time frame.
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This left a supply overhang (commonly known as resistance) around 18. When the stock rebounded to 18, many of the green-oval-bulls probably took the opportunity to sell and "escape" with little to no loss. When this supply was exhausted, the demand was able to overpower supply and advance above resistance at 18.
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Check Out $MTLK On PennyStock Tweets
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$WSRA Profile on PST - For All Your DD Use More http://www.pennystocktweets.com/stocks/stockprofile/WSRA
Don’t take the market home with you even if you trade at home
Support breaks and new lows signal that sellers have reduced their expectations and are willing sell at even lower prices.
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Rule # 5 Applies to the Management Team and researching their background looking for both the Good and the Bad , A lot of these CEO s have ran other penny companies and have had a not so good track record. Look for for the obvious signs as this is all part of my Rule #3 on Understanding how to trade it when you start to see the Awareness Start
If a support or resistance level is broken, it signals that the relationship between supply and demand has changed.
ATPT - PPS .002
MASSIVE new DD on $ATPT- huge MJ merger? (Must read)
MUST READ THIS DD - $ATPT .002 pps. No Convertible debts and liabilities only 26k total and No Preferred shares issued as of 21 filings issued 10/17/17-10/18/17. Yes. 21 audited filings. This is headed multi penny on continued company validations and verifications. This connections are incredible and it behooves an investor to take a look here at the fundamentals :::
Clear Connections to private company - and recently merged MJ company Plantation Corp. aka www.budlife.net - who has a huge patented MJ packaging deal with OTC stock- SugarMade- $SGMD announced 8/24/17.
Plantation Corp, and Budlife.net via Joseph Passalaqua- the CEO of All state Properties Holdings - has multiple patents that are very substantial for MJ packaging demands.
FOLKS- it now makes sense why ATPT is listed as a SIC code of "Pharmaceutical preparations" !!! Things may have just taken longer and we all know real business just takes longer!
Also makes sense why there is still the All State Properties Holdings listed on Nevada - even if not active- it won't have to be if effectuating a merger deal. I bet that the Wyoming All State Properties Holdings registration doesn't renew on 10/28 too!
WHY? It appears that a major merger of a private Pharma packaging entity that focuses on patented MJ packaging -- that company --Plantation Corp- is fully active now in Wyoming- listing Passalaqua as the director of contact and has come about from Late April to August 2017!
This is massive. $SGMD is trading around .03-.04 pps and has traded much higher in the past year.
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READ THE DESCRIPTION FOR PLANTATION CORP deals with Sugarmade- They are providing patented packaging for MJ across myriad states. Huge deals already announced. Much more below!
About Plantation Corp.
[color=Green]Plantation Corp., a Wyoming Company, is a technology-driven organization with the goal to establish a unique paradigm in preservation efficiency and longevity that sets a new gold standard for the intelligent packaging industry. While still a privately-held corporation, Plantation is currently accepting investments only from accredited investors. Additional information can be seen at the new website at www.BudLife.net
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https://budlife.net.cutestat.com
HERE IS much more evidence that Joseph Passalaqua played a very large part in orchestrated this merger involving two of his private corps -one being Henderson Investors Corp. aka Plantation Corp this year a few months after getting full control over $ATPT again. Let's pay careful attention to this private MJ company in Nevada!!!!!!
After putting $ATPT in motion, Passalaqua next worked on changing the name of another Corp he partly owned that dealt with MJ packaging and held various patents.
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HERE ARE FURTHER VALIDATIONS Of his close involvement as Secretary orchestrating a merger between three corps in preparation for its huge NEWS and partnership with $SGMD- Sugarmade OTQB.
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PATENT NEWS and $SGMD - SUGARMADE (OTCQB) direct partnership ----
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FINANCIALS PROVE NO DEBT- MERGER/ACQUISITION PENDING ---
It is my opinion, that we are going to see the attorney letter to go CURRENT as well as company communications to help explain what has been going on here since Mid August 2017. THERE IS A MAJOR MERGER / ACQUISITION IN PLAY and it Appears that it may STILL involve the REAL ESTATE OPERATIONS for the burgeoning "pharmaceutical " industry.
Regardless- Passalaqua is very connected to many Executives and holds quite a few board spots on public companies. There is definitely a reason he went to great lengths to audit and go current again-- and the way this control block is structured - Passalaqua is not going to risk losing control over the company and thus, he can't sell more then 6% - (read below). HE ALSO CANT SELL More than 1% of the total outstanding of 2.6 bil or 26 mil over a 3 month period! This is HUGE value added for shareholders.
NOTE TOO- the ownership block is owned by Sea Alive, LLC, a Wyoming company as of Feb 2017. That is also a company run by Passalaqua. ATPT appears to have had a KY address, but it's a NV company and can be checked via NVSOS. It's not active - and even with those filings that would have made it active with NV - it might not need too if it's a merger announced!!
There are many reasons to be VERY INTRIGUED with $ATPT along with the 21 financials filed last week and the aforementioned.
1- The CEO owns 57% of the common shares here and MUST MAINTAIN 51% of the control block to be considered OWNERSHIP as deemed below u see the Tax Reform Act of 1986. Therefore, IMO - even though the shares are COMMON and could be free trading (beyond 6 months of ownership since feb 3) - he wouldn't be able to give up more than 6% of the total o/s - or 175mil shares EVER! HE can only , by RULE 144- give up 1% of the total O/S over a 3 month period - which is 26 mil! TOTAL!
RULE 144- plays a huge role here because the OWNER has only Common shares and there are laws as to how much he may put to the market!! Since this has no dent- there is NO DILUTION!!!!!!!
TOTAL. Therefore, the CEO would not have spent $80k and $5k to get audited fins all done and set to go CURRENT just to sell his 26mil shares this cheap. No way. I will go into more detail below.
In the 10k---
4.- Capital Stock
The Company has 10,000,000 shares of Preferred Stock authorized at a par value of $0.0001 and none has been issued at June 30, 2017 and 2016.. NO PREFERRED STOCK ISSUED!
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2- This stock is listed being in the Pharmaceutical Preperations ONLY since 2010 when the company was taken over by Passalaqua again. But why list Pharma preparations? Hmmm
SIC Code 2834 - Pharmaceutical Preparations
Industry : Real Estate Development & Operations
Financials: 06/30
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3-NET CARRY OVER LOSS PROVISION--
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-The Company has a net operating loss carryover of $659,249 as of June 30, 2011 which expires in 2026. This net carry over provision is still in place. Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards for federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur net operating loss carry forwards may be limited as to use in future years.
The Company has net operating loss carry forwards that were derived solely from operating losses from prior years. These amounts can be carried forward to offset future taxable income for a period of 20 years for each tax year's loss.
At June 30, 2017 and 2016, the Company has established a valuation allowance equal to the deferred tax assets as there is no assurance that the Company will generate future taxable income to utilize these assets.
4- NO ACCRUED BIZ EXPENSES AND CONVERTIBLE DEBENTURES -- the listed debt here is $26k TOTAL and no convertible debts.
Total Current Liabilities --
ACCOUNTS PAYABLE and accrued Liabilites TOTAL -- $26,550
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See the rest here in the latest 10K here---- https://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=12327439
5-- THE ADDITION OF THE SPECIFIC SECTION regarding the actual purpose of ATPT Holding company -- to actively engage in a merger, acquisition etc.
It is my opinion, that the more one looks into the substantive filings and the peripheral findings and associations for $ATPT- the more it appears that a major MJ MERGER involving several private companies that had merged into one company a few months prior - are headed into the shell $ATPT. Deals existing with $SGMD translate into REVENUES and the MJ sector especially this type of affiliated necessity for MMJ and MJ- and tinctures for folks in Cali- and one can only imagine the necessity for this product line as recreational MJ becomes LEGAL in states like Cali on 1/1/18.
As long as the stock trades within the boundaries set by the support and resistance zone, we will consider the trading range to be valid. Support may be looked upon as an opportunity to buy, and resistance as an opportunity to sell.
Like any stock market forecast, the MACD can generate false signals. A false positive, for example, would be a bullish crossover followed by a sudden decline in a stock. A false negative would be a situation where there was no bullish crossover, yet the stock accelerated suddenly upwards.
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For RSI values, Taking the prior value plus the current value is a smoothing technique similar to that used in exponential moving average calculation. This also means that RSI values become more accurate as the calculation period extends. SharpCharts uses at least 250 data points prior to the starting date of any chart (assuming that much data exists) when calculating its RSI values. To exactly replicate our RSI numbers, a formula will need at least 250 data points.
The sharper the movement up or down of the MACD, the stronger the sign is to buy or sell, taking the above recommendations into consideration.
Behold the $BRWC BarChart Technical Analysis NITE-LYNX
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Price Growing: Stock price is in growth mode almost doubling in the first quarter 2008.
This link will help thou $CTIX BarChart Technical Analysis NITE-LYNX
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NITE-LYNX $BLTA BarChart Technical Analysis
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Positive and negative reversals for RSI, which are the opposite of bearish and bullish divergences. Cardwell's books are out of print, but he does offer seminars detailing these methods. Constance Brown credits Andrew Cardwell for her RSI enlightenment. Before discussing the reversal technique, it should be noted that Cardwell's interpretation of divergences differs from Wilder. Cardwell considered bearish divergences as bull market phenomenon. In other words, bearish divergences are more likely to form in uptrends. Similarly, bullish divergences are considered bear market phenomenon indicative of a downtrend.
When the MACD crosses over from below the signal and rises above the signal, this is a sign to buy. Conversely, when the MACD crosses over from above and drops below the signal, this is a sign to sell.
Behold the $ALJJ BarChart Technical Analysis NITE-LYNX
http://www.barchart.com/technicals/stocks/ALJJ
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