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From what I've seen, there is very little selling pressure in general and not many shares being offered anymore in this price range. ETMM was the one unloading shares and on the surface he seems to be dwindling down and running out. These conditions are ideal for a potentially big rally from this level and since there aren't a ton of shares being sold/bought in the triple zeros, then there won't be millions upon millions that need to be soaked up in the double zeros.
What I'm saying is if this ever attracts any volume, then we're looking at a big play. The share structure on this incredible for a triple zero play. Crossing my fingers.
I agree about the vol, but when/if that comes this could be a big big runner. The good and bad news is that there is now a very large offer on the ask. Bad news is it will take a lot of buying to break it, but the good news is we won't get a fake breakout and any move past 08 now will have some conviction to it.
It helps if the market has opened.
Indeed, both of them hopped on the bid some time this afternoon.
Lol, well it's telling me breakout confirmed with a close above .06. Want to know the best thing about reading charts? The beauty of them is in the eye of the beholder. You say reversal, I say breakout, let's see who has the better eye here. ;)
And just to show you I'm not just blurting out that I like the chart, I've been bullish on this one since I saw this setup last week. GL
I received a PM and don't have a paid account here, so I can't reply. The question was "Is it too late to get in?". This is a tough question because while I believe that there is a high chance of more upside, considerable more upside, I personally don't buy after a stock has made this large of a move. However, if the price offers a better entry on a pullback, then you may want to consider it, but buying here is too risky for my blood. With all that said, I am holding most of my original position and believe that we're going to see a lot more upside, but that doesn't mean I will throw caution to the wind. Good luck to everyone.
You're entitled to think and believe whatever you'd like, but I've seen this pressure building up in the chart for 2 months now and have been waiting for this exact scenario to play out. Have been doing this for 6 years now, so it's not surprising to me in the least. GL
Supply and demand, exactly. I never understood why some people think that there has to be some sort of event or news to move a stock like this.
Glad I'm not the only one that sees the incredible setup that's getting ready to bust out here. Lot's of positive things going on with the company according to the guys doing the DD here, and the chart is a byproduct of all the accumulation and lack of selling. Can't wait for this one to pop, .02 seems like the low end of the target range, imo.
JOEZ with bullish divergence and breaking some key resistance.
http://onlycharts.com/2011/12/02/joez-bullish-divergence-possible-bounce-play-setting-up/
Indeed, big difference.
Scottrade is not fine for pennies and subbers, especially not if you trade more than a couple grand in your position sizes. It's .05% of the principal amount, in addition to the normal fee, so that equates to an extra $5 (each way) for each 1$k traded. So a $5k position would cost you $32 to buy and $32 to sell, and that's assuming you sold in 1 block each way. Otherwise tack on an extra $7 for each additional trade. On top of that, Scottrade at times will restrict you from buying a stock online, they'll make you phone the order in... not cool at all when you're trying to be timely. Imo, Scottrade is not the broker to use when trading pennies, unless you are trading small amounts and don't care about not being able to buy certain stocks online.
Hoping to hear from the company soon as the chart is revealing some very clear building up of interest and momentum.
http://onlycharts.com/2011/11/29/sior-not-quite-ready-to-toot-my-horn-but-getting-there/
Potential buy signal on a volume backed break of .40.
http://onlycharts.com/2011/11/28/bvti-good-bullish-divergence-example/
Long term base of accumulation is starting to breakout to new price levels, definitely a good thing considering the recent developments.
http://onlycharts.com/2011/11/28/tlle-broke-out-of-a-long-term-consolidation-range/
Even the chart 'experts' (term used lightly) are simply offering their guesses and predictions. I see the same thing as you do, this is sniffing resistance bigtime and is getting ready for the next leg up. .02 is very reasonable, but wouldn't it be awesome if this caught fire and ended up being one of those insane runners you see once or twice a year? When the momentum starts, you just never know, but this scenario has the makings of a fun ride. Good luck.
http://onlycharts.com/2011/11/17/sior-price-continues-to-hold-its-ground-and-consolidate-near-key-long-term-levels/
Nice pullback to support since the last rally, liking what I'm seeing (chart).
http://onlycharts.com/2011/11/19/sets-bullish-chart-pulling-back-to-support/
New 52 week highs getting hit, could be setting up for a big move (chart).
http://onlycharts.com/2011/11/19/medg-hitting-52-week-highs-could-be-setting-up-to-go-exponential-soon/
Chart is looking solid. Overall bullish with some short term weakness, which could be setting up a nice entry. Possible bounce here off of the 50 MA.
http://onlycharts.com/2011/11/19/brav-possible-bounce-setting-up-off-the-50-ma/
Some very bullish price action, I'm liking the chart here.
http://onlycharts.com/2011/11/19/mmab-bullish-price-action-trading-near-some-key-resistance/
The chart is starting to show some strength in the price action, could see this pop in the coming days/ weeks.
http://onlycharts.com/2011/11/19/dgin-watching-to-see-if-it-can-break-above-this-recent-price-channel/
Chart is looking more and more primed.
http://onlycharts.com/2011/11/17/sior-price-continues-to-hold-its-ground-and-consolidate-near-key-long-term-levels/
The chart is starting to show some strength, watching how it handles this key zone of resistance.
http://onlycharts.com/2011/11/17/apt-starting-to-test-resistance-from-a-6-month-channel/
TRAB is setting up for a possible bounce play here, nice base being built.
http://onlycharts.com/2011/11/15/trab-bounce-setup-or-just-the-downtrend-taking-a-break/
Looking for a bounce play here. Check out the chart.
http://onlycharts.com/2011/11/15/prwt-possible-bounce-play-starting-to-creep-above-the-50-ma/
It may not be right away, but this chart is revealing some serious accumulation and has major breakout potential. I'd keep tabs on this play, even if you have to follow it for a bit.
http://onlycharts.com/2011/11/15/mseh-im-seeing-some-steady-accumulation-and-longer-term-consolidation/
The chart here is starting to show some nice price action strength, looking for a breakout at some point.
http://onlycharts.com/2011/11/15/iaus-starting-to-hang-out-above-the-50-200-mas/
Liking the looks of the chart here thanks to this recent surge in volume and price.
http://onlycharts.com/2011/11/15/govx-lots-of-momentum-as-of-late-good-one-to-keep-on-watch/
In the past four months .30 has acted as support and resistance and held up for numerous tests, so I’m looking at this as a key zone being fought over. There’s a head and shoulders pattern currently setting up with .30 being the neckline as well, so I think there’s a good chance of a big move if the price can breakout past it (w/ confirming volume). RSI looks nice and bullish and there’s not a ton of resistance until .50, so the variables look favorable for a nice run.
http://onlycharts.com/2011/11/14/gvcm-30-is-a-key-resistance-zone-head-shoulders-pattern-trigger/
Testing some key long term resistance, but it's built a nice long term base and could be set up to breakout big time.
http://onlycharts.com/2011/11/14/ctyx-beginning-to-test-a-zone-of-long-term-resistance/
Recently this stock got a big spike in buying pressure which now has the action consolidating on top of the 200 MA. If this can continue to hold it’s gains, I would start to look for more buying to push the price to higher levels. $2 doesn’t seem like a fairly conservative target range if this does breakout again.
http://onlycharts.com/2011/11/13/nviv-sudden-recent-surge-in-price-and-volume/
This recently has made a real nice move after it gapped up from the .30 range, and now it’s been able to consolidate and chill out in this .60 area. I think the line I drew on the chart is marking a key resistance zone, so a potential break of that could get this to make a second strong move up.
http://onlycharts.com/2011/11/13/bfcf-recent-gap-up-big-runner-though-now-its-been-able-to-consolidate-around-60/
LBSV hitting new 52 week highs, actually even longer term highs than that. Solid chart breakout.
http://onlycharts.com/2011/11/10/lbsv-in-a-perfect-world-this-would-consolidate-here-for-a-bit-then-breakout-to-new-highs/
Updated Chart and analysis, we're looking very solid here, imo.
http://onlycharts.com/2011/11/10/sior-this-sioriously-is-setting-up-nicely/
That's how it is with a wide spread. It closed on the bid but someone could have bought $5 at the lowest ask and it would have been up 40% or whatever. Without volume and the spread tightening, it's all the same honestly. You can start to get your hopes when you see at least a couple million with the price holding the .006s, and that includes the bid following and getting in that range. Until then this is consolidation time, ie wait and watch (or throw lowball bids out there to try for cheap shares).
It closed on the bid today so the % gain isn't anything to get excited about, but there were some decent buys that cleared out lots of the sellers at and under .0055. Looking for another positive day tomorrow, and hopefully it's ready to start trading above the 15 day EMA. It's looking good.
Lol, why? Because someone bought $1500 worth at .005 and .0055? This is a thin stock that moves easily either way. Even without news, all this would take is probably $10k worth of volume to bust through the .007 peak, and then it's likely to get the momentum started.
SIOR (Update) - Solid Flag Pattern Trading Right @ Resistance
http://onlycharts.com/2011/10/24/sior-update-solid-flag-pattern-trading-right-resistance/
The chart is showing some clear strength in the price action, I can see this puppy breaking out and running fairly soon. .0073 - .0074 is the line of defense before this officially hits breakout levels, but I loaded up some already because the trading is looking very healthy. Positive bullish sentiment + low float tends to = a great chart, which is the case here. Good luck everyone.
http://onlycharts.com/2011/10/21/sior-low-floater-with-a-great-chart/
SETS with a gorgeous long term setup going for it.
http://onlycharts.com/2011/10/19/sets-weekly-chart-is-revealing-some-long-term-potential-here/