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This was ripe for the taking. Glad I found it a week ago!
You're welcome, but the truth is I'm just using my Magic 8 Ball.
That being said, depending upon your position (long or short) news can certainly throw a wrench in your gears, or, become the driving force of the trend you're banking on. I should also state that moving averages cross more frequently using smaller time frames. So, when the 200/50 crosses, it has more weight and tends to have longer lasting effects.
If I may, the moving averages simply reflect the price action of a stock over a specified period of time and display in the form of an average. Therefore, when two averages cross, it indicates a general change in the movement of PPS, either up or down, which is indicative of a trend reversal. When the 50 and the two hundred are on a path to converge, as they are, anything leading to increased price will strengthen the movement and get us closer to a trend reversal, or in this case, Massman's "golden cross," which is the holy grail of MA trend reversals since it uses the two common long term averages.
Thanks, PINK. I bought back in on the 16th after we spent four heavy days battling .068. Once we pushed through I was in, and we got the close to support the move. Now, we have tremendous support at that level and a growing urgency for people to take positions. That was strictly technical. My point being that technicals certainly come into play. I bought before getting a close confirmation because of the 15 minute chart, which is what I use to pick my entries. I get how some people think technicals don't apply, but I think it depends on how technical you are.
Then I suppose we'll be putting my technicals to the test, lol. I've read articles that suggest charting isn't for pennies, but if you know how an individual stock acts in the market, you can certainly incorporate that into your plays, successfully. I think what you guys mean to say is that charting doesn't work in PMCB for you.
My technical perspective:
I see the possibility of a three phase run approaching. After a few more days of consolidation, I believe we'll drive back into the upper BB, organically, given the trend in RSI and the lackluster pullback. Following a few days of that, I can see the the 50 being pulled over the 200 during another consolidation, which could carry us to .09ish. Then, news would be the straw that broke the camel's back, sending us to .14 or higher in the short term. Maybe it's a little on the optimistic side, but I can see that scenario playing out a lot more likely than something to the downside. Thoughts?
Worrisome? For starters, this article was written in 2016. I wouldn't worry too much about a journalist writing an article about encapsulation without mentioning Pharmacyte. Plenty of articles have been written about football without mentioning the NFL. It's absolutely inconsequential. It's not even a thing, I don't understand how this could be worrisome.
I don't see any sell orders stacking up. I suspect we're just catching our breath again. There is nothing resisting our trend at the moment, so if we trade laterally for a day or two and consolidate, I'm all for it.
I can't speak to a possible ruse, but it only took a couple hundred thousand shares to drop the bottom out, lol. Of course, it can also be viewed as a measure of checks and balances.
I believe the MACD is suggesting a massive move in the coming weeks.
Somewhat mis-stated. Volume doesn't constitute a rally. Price, positively offset by the ratio of buys to sells does, however. That being said, I would not call this a rally. The 15 minute chart showed it coming, but I believe it was a little too premature to have any sustainability through the close. JMO
I believe the range for the day was set in the first fifteen minutes of trading.
I bought the dip beyond my first buy and I have to say I'm sitting pretty right now. This is a good one.
That wall might just come down in a bit here. Hmm.
There will undoubtedly be another run coming; the question is always when? I doubt that any trader sitting on hundreds of thousands of shares is foolishly selling them right now. I'm basically saying they are wisely, or perhaps maliciously selling them right now. The ask has been stacked all day by big lots, yet I see seasoned traders saying it's time to buy. That doesn't make any sense, unless of course they're herding cattle into their corral. That corral being the ask. I happen to know one of the big guys on this board uses ETrade (G1 Execution) whop happens to be on the ask all day. Maybe it's coincidence, maybe not. But it sure seems to heat up on this board when there's nothing cooking. I think I'll wait for the actual breakout confirmation, lol.
Haha. I was surprised on vacation in Hawaii when I dialed into November's conference call and was floored by the seemingly endless bad news and delays. Then, I was surprised again (after I sold my six figure stake on the bounce for tax purposes)when three days after selling the company is suddenly on track and the news makes the price spike beyond my average. Now, it takes a lot to surprise me.
This is definitely a crossroads for the PPS and I'm watching closely. This is currently the fourth stab at this resistance, and if it breaks through and follows with confirmation, I'll be back in.
You're better off using the 50/15 for this run. Even if PMCB breaks and stays above .068, the run will end before your 50 crosses the two hundred (if it does).
I've never had the pleasure of actually watching something like that unfold on my screen.
And it's in my watch list, lol.
I'm glad I held through that last bit of downtrend, lol. I am back in black!
It would seem so. I was feeling pretty confident in my mark, but I missed it big time and it cost me a grand. I've had a run of bad trades lately. I think it's time to take a break and go be in nature.
I expect this run will stair-step much like the last run. IMO, the most sustainable type of run which strengthens the trend because the short pullbacks offset the overbuying, allowing for a more stabilized gain. The balance reinforces my perception of the trend.
Slow and steady reversal as investor confidence creeps in; that's what I believe we are seeing. Once this thing bases, it's trending up. I'm making this call largely on volume activity, diminished selling pressure, and gold itself. The chart is certainly overdue.
Bullish all day long and hits the session high thirty minutes before the bell. Aaaaaand boom. Lights out and it hits the session low in two minutes. SMH. I can't even. Silly stock market. As long as I still get my lateral day, I'm good. I'll expect a few more consolidating days and then I want my way.
She's having a good day.
It's trying to bump heads with the 20 day.
Haha. Not yet.
You might want to have a second look, umsllc.
If you look at the volume clusters spanning each of the selloffs over the past year, you can see them decreasing in size each time. This time, the volume spikes are negligible when compared to the average volume. That's part of the reason I feel it's at a turning point. Very little selling pressure.
It appears to be maintaining for the moment. I would totally be happy with a lateral day. Even better would be two lateral days. C'mon AKG, show us some strength. I'm thinking it's time to wake the sleepers.
Nice gap up. Let's keep that momentum!
AKG, where in the world are you going? The party's this way^^^!
I would imagine that story's been told a lot lately, in AKG. However, I'm looking at the chart and I'm seeing what I believe is the official bottom. It helps that gold has taken a turn for the better, and that new things are being undertaken at Asanko. For the life of me, I cannot find justification for the previous decline. Hopefully I'm right, since I loaded up, lol. Good luck to me, haha.
Looking good!
Interesting and valuable information...
https://www.asanko.com/Investors/Short-Report-Shareholder-Information/default.aspx
What do you think? Can this thing do an about face?
Good news. Go figure. It's probably not big enough news to warrant sacrificing my tax loss sale. Haha. Maybe I'll see you guys in another 25 days, lol.
I think things are about to trend in a new direction. Hopefully, tomorrow's trading will confirm today's inverted hammer and SYN will set off for a bit. It took all day with a few near bites, but as of the last 30 seconds of trading, I took a position.