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In my opinion, to enter the cloud the price of the stock has to move to .0011 by Friday, then there will be activities.
Portman, in my opinion you just bought 5 million shares of nothing, lol.
By Friday, if it does not enter the clouds it will be another month beneath the cloud unless a good press release comes out. I am not waiting for earnings, I am waiting for good news, news expectation will move the stock not the earning, usually penny stocks post losses.
Ironclad Encryption has not come out with real news, the new with Data433, that was a waste of news, what is big about them coming out with news with a penny stock company that has billions of shares and is .0007 per share?
On October 2018, Layer 3 Communications was producing a white paper, expected to be published in 30 days, that explains the validation procedures, parameters and results, as well as its significance. I am sure this had to do with Ironclad Encryption... did it ever come out?
Other than the patents, it was about 9 months ago that Ironclad Encryption really came out with good news.
The patents are granted and means nothing if they cannot sell their product.
Bottom line, though the chart looks positive if by the July 12, if the stock does not enter the clouds, I will probably dumped all because it will be dead money for at least one month.
Portman, what only interest me is a 6 months daily, that is good enough for me. One month 5 mins, the ADX 36.68, the +DI 14.15 (both increase), the -DR 8.5 (decrease 8.5)
For some reason, I cannot copy and paste both the one month and one day 5 mins. chart.
Patents means nothing if it does not generate revenue.
Attach is the chart for IRNC, as you can see it is beneath the cloud and appears like it will stay their until next month. This stock will not move until next month unless good news comes out, on the expectation of the news its stock price will rise. I will increase my position at .008 or better. insert-text-here
Inspecting it, by the 7/12 we will see if it touches the cloud, if it doesn't it would probably stay right beneath the cloud for a month unless news comes out, but then, it can still go up on news expectation.
According to the chart it appears like it will enter the cloud or touch the cloud, let's hope if it touches the cloud that it enters in.
Even though the chart looks good, it appears as it will stay beneath the cloud for another month, I just hope it enters the cloud.
Peeteman, I am sure you know my position on charts with my previous post, but they do help. Last week, I posted on where this stock could be heading being that it's just beneath the cloud, and I gave two views on what I am seeing, and from what I see today it appear to look like one of my views, s staying beneath the cloud for a short while, but it can enter the cloud and hope it does, and if it does news will come out.
Peeteman, as stated, though I study charts and invest according to what I see in the charts, I think I made myself clear in my previous post when I said, a good chart does not guarantee anything and when investing in speculative stocks most likely one will lose all before making a profit, in other words, in speculative stocks you invest with the expectation of losing it all. At least with the chart it give you a possibility of the direction the stock will move, though it does not guarantee it will move the direction of the chart.
I will not rule out a stock chart, and I do not invest through a stock being hyped. Look at GBTC, the chart is not a good looking chart, and at 3 plus I told my brother to invest, nothing to do with the chart, but because of bitcoin, and bitcoin moved it. In my opinion, this stock will go to the 40s and be taken over, but the chart looks terrible. So what is moving this stock up? Future expectation, and sometimes is the way one has to invest instead of looking at the chart, but one should not rule out a chart, they are helpful and most of the time the stock follows the direction of the stock. Why do you think I previously stated that IRNC, might stay right beneath the clouds? The chart is showing that, but I stated, it has to go into the cloud and hit turbulent, we will see its strength or weakness in the clouds.
I apologize for writing you a book.
A chart is a guide showing a possibility of the direction of a stock, everyone uses them. Give me a stock and I will tell you the direction that most likely it will move.
You are incorrect in your statement, and if you are correct, why are there charts for many penny stocks? If you are playing stocks without looking at their chart then you deserve to lose all your money.
I am not ready to say that IRNC is a low priced quality stock, time will tell, but the chart on IRNC is looking does say something about IRCN and looks very positive.
I understand that IRNC is a speculative stock and probably a high risk stock, and when one invest in such a company they invest with the expectation that they can lose all, but you are incorrect to say that a charts means nothing for penny stocks.
As stated, it is right beneath the cloud, but the chart is showing that the stock price will rise. RSI, ADX, +DI, are all indicating and uptrend.
The ADX is up to 20 from 17, the direction is positive up to 27+ from 18, and the RSI 51 from 46 if I recall within one week. I am expecting high .20 to .37
They will not give you any news that is not made public, they will tell you that are they will soon come out with a press release or they will speak positive of the company, but as for news you will have to wait.
The chart is beautiful, if it does not get in the cloud it will stay beneath and close to it and soon. Hope good news comes out once it is in the cloud.
Explaing outstanding shares and floats...
To understand what a float is, we first need to explain what "shares outstanding" mean. "Shares outstanding" are the total number of shares that a publicly traded company has. These include shares owned by insiders and large institutions, plus "restricted" shares and the float.
The float represents the shares of the company that are "freely" tradable. Meaning, the shares other than those held by institutions or other owners totalling more than 5% of the company, restricted shares and insider holdings.
The smaller a float, the more volatile a stock can become. If a stock has one million shares in its float and announces really good news, the share price will soar due to their being hardly any shares in the float. If there are hardly any shares in the float, this means that shares are harder to buy and the price to buy shares will go up.
If a stock has a really big float, this would mean that the stock is prone to less explosive moves. A stock with a float of 100 million shares won't rise 100% in one day, but a stock with a float of 1 million shares could.
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Instead of me writing, I copied, cut some paragraphs and pastes what I wanted some of the investors to understand about the outstanding shares and float. Next time you invest, you will be a little more educated.
If the float is lower than the outstanding shares the stock price will rise higher with new then if it was equal to the outstanding shares.
What is more important is the float, if the float is low the stock price will move higher on good news.
In my opinion, when it hits the cloud, it might run into turbulent (thing of the way a plane moves in the cloud, but once it goes above the clouds it goes higher. In my opinion, I can see this stock go into the 30 cents.
It appears like it will stay under the cloud, but positive, which means it will enter the cloud. Whether it enters the could or not, I can see IRNC rising, it is a beautiful chart.
Let's hope it enters the cloud and right after good news is released, otherwise, IRNC will be in the cloud with turbulent, the news will clear it and up it will go.
Even though it appears as if their outstanding share is low, it is important to know that their float is low. It is a low float that will allow the stock to move higher.
https://school.stockcharts.com/doku.php?id=technical_indicators:ichimoku_cloud
This is an example of the cloud, the green and pink.
This website does not allowed me to send you a link. Do a search on a cloud in a stock chart and you will understand what I am saying.
Removed, my previous message entered twice.
Just hope this enters the cloud on stockcharts, and if it does then we will see a nice profit, if it does not, it will continue to move under the cloud in the .007 - .0088
The problem with this board is that many here are just trying to hype the price of the stock, also, many appear to be young investors. Don't get me wrong, I am a shareholder and expect the stock to rise and the chart looks beautiful, but after reading many of the messages it just depicts many that post on this board as young investors.
I read that last week. An upcoming blog will be posted after the news comes out, not before, in other words, they will not post news on a blog unless the news was made public.
I am a shareholder and my stock price expectation on IRNC is about .21 to .37 cents.
What's important is that the float is not bad, it is a small float that allows the stock to increase nicely with Good news. Any idea what the float is currently at?
I never said that there is a $7 million contract, I threw this in the air to see what shareholders have to say.
Throwing this in the air... What would a $7 million contract do to the stock? How high would the stock price go? I would say about $9.00
He is not saying about God trading stocks, I am sure he is saying that he is putting his trust in God.
This is that news... https://www.businesswire.com/news/home/20180104005384/en/DoD-Contractor-Charter-Trading-Chooses-Ironclad-Encryption and https://www.bloomberg.com/press-releases/2018-01-04/dod-contractor-charter-trading-chooses-ironclad-encryption-for-secure-communications
I am sure many shareholders know about this news.
Chart is looking pretty for a speculative stock... RSI is now 50, +DI is now over 25, accumulation is level, but soon I believe will start having an uptrend. I believe the accumulation will start moving the ADX, which is not 16 plus with an uptrend. All we need is good news, news that will spellbound investors that they will have no choice but to buy.
7 patents means nothing unless these patents starts to produce revenue. It is not about having the patents, it is about what you do with them once you have them.
I have no problem agreeing that IRNC has a lot of potential in that the stock will move, but hyping the stock is not going to get buyers into the stock, you need to put out positive information on the company, as to why in your opinion the IRNC is a good investment.