is...
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I'm hoping it doesn't break this support trendline I drew, ideally we bounce right here and then start to put pressure on the resistance line drawn. Lots of upside if we break north of that.
http://flippingpennystocks.com/?page_id=444
I don't know a thing about the fundamentals here, but after a year long crash from $9 to single digit pennies, you can expect a sizable bounce off the technicals alone. Timing it is obviously key, but we could be close on this one. Watch for a break of the red trigger line I drew.
http://flippingpennystocks.com/?page_id=444
The price on this has recently broken through the trendline I drew, and now it’s consolidating a bit on top of it. I’m looking for a clean break above that little consolidation range, which would also get the price back above the 50 MA (blue line) and 200 MA (red). .25 is the trigger point I’m watching for a break of. Nice looking setup.
http://flippingpennystocks.com/?page_id=444
I highlighted the range this has been trading in for the past five months, and the dark green range is the consolidation that’s been taking place the past few weeks right near the ceiling of the channel. .28 is the trigger point I’m watching, which it’s temporarily busted through a couple times already, but so far it hasn’t stuck. Great looking breakout setup in progress.
http://flippingpennystocks.com/?page_id=444
Looking for consolidation under the red trendline but above the 15 EMA and the 50 MA (green and blue lines respectively). After some more consolidation, a break of that red line should get some momentum coming into the stock.
http://flippingpennystocks.com/?p=398
Looking for a bounce off of the green support line and then eventually a break of the red resistance line. Beautiful breakout setup in progress.
http://flippingpennystocks.com/?p=398
Here's a little something on XHUA, good info at this site.
http://flippingpennystocks.com/?p=310
Weekly chart breakout, so gorgeous. Have a good weekend everyone.
Yep, weak hands will have to be shaken out, it's a necessary evil; all part of the game.
We had a seller take out the .0002 bidder today and for the first time in a while the spread moved down to .0001 x .0002. I tested the ask for 2.5 million shares........ they filled 10,878 and then jumped back to .0003. LOL
Apparently not a lot of sellers left down in this range.
No change in the ask from that last trade. 9 MMs sitting at .003, big wall.
I don't know, honestly the short action has me stumped. I'm thinking that whoever is shorting is trying hard to make sure this doesn't breakout, so in that case they'll want to cover into selling. I don't think they'll cover by slapping the ask unless they have to, so that means either they're covering if the breakout attempt fails and some bulls throw in the towel or if the stock breaks .003 with conviction. If neither happen this week, then I don't think they'll cover.
No, it's not uncommon for MMs to close their bid/ask during afterhours, or sometimes brokerages just don't display all the MMs available. This is a common subject people ask questions about, and the answer is ignore anything you see that takes place after the market has closed (for pinks and otcbbs).
Amen to that. eom
Like I said it's all debatable. Had the buyers flexed and broke the ask a month ago, the run most likely won't be as nice as it could be now with better support. Not trying to argue or anything, just sharing ideas and opinions. I think because of all the patient bidders helping out during this consolidation, more shares are in stronger hands than there otherwise would have been. Any way you look at it, I think we'll be seeing XHUA doing a little flexing soon. Remember just a few days ago there was 5 million shares shorted. They definitely haven't covered yet and would be nuts not to cover if we start to breakout soon.
That's debatable. Everyone can't sit on the bid and everyone can't slap the ask, we need both. I wouldn't say that too many people are sitting on the bid for XHUA. The bid has steadily moved up thanks to those bidders and we've still had steady ask slappers pecking away. The buyers will start to get more aggressive the closer we get to breaking .003 and then especially after that, so I'm very happy with the bid & ask action up to this point. 9+ weeks of consolidation is a great platform for a strong breakout, if we didn't have the patient bidders, we wouldn't have this nice of a base. All jmho.
Someone else just posted a site that showed someone's been shorting the buys into this resistance/ breakout point. If the bulls can continue to put pressure and we can break through without giving them a chance to cover into weakness, that will be extra fuel for the fire.
Seriously? You've been holding this for how long and you're patience is being tested on the first day it's seriously tested .003 in God knows how long? I'm getting myself comfortable for front row seats to what I'm hoping will be a better breakout than we saw last year around this time, and it sounds to me like you're getting ready to get shook out any moment now.
Weekly money flow indicator is positive for the first time in a while. Last year's rally occurred when this was still very red, and this (current bullish CMF) is an indication of the overall strength of this stock and why it's as strong as it's been in a long time.
[B]From StockCharts.com
[/B]
The Chaikin Money Flow oscillator generates bullish signals by indicating that a security is under accumulation. There are three factors that determine if a security is under accumulation. They also determine the strength of the accumulation.
1. The first and most obvious factor is whether the Chaikin Money Flow value is greater than zero? It is an indication of buying pressure and accumulation when the indicator is positive.
2. The second factor is the duration of the reading, how long the oscillator has been positive. The longer the oscillator remains above zero, the more evidence there is that the security is under sustained accumulation. Extended periods of accumulation or buying pressure are bullish, and they indicate that sentiment towards the security remains positive.
3. The third factor is the intensity of the oscillator. Not only should the oscillator remain above zero, but it should also be able to increase and attain a certain level. The more positive the reading is, the more evidence of buying pressure and accumulation. This is usually a judgment call, based on prior levels for the oscillator, but a move above .10 would be significant enough to warrant a bullish signal. A reading above .25 would be an indication of strong buying pressure. You should consider prior levels of the indicator to be sure.
Daily Chart - http://i28.tinypic.com/b8jlht.png
-For about 9 weeks now we've been trading on top of the zone w/ the heaviest volume (.0018-.0022)
-The .0013 - .0028 range represents the majority of the volume during the time period shown.
-The volume during this time period absolutely dwarfs any volume during the entire history of this stock, so the further back your perspective gets, the more weight this volume holds.
Weekly - http://i32.tinypic.com/2pqno8m.png
-The 3+ year decline did not include a R/S.
-The trendline from the decline has clearly been broken and successfully tested for support.
-Mutated H&S with 2 right shoulders? :LOL:
-The blue areas I highlighted are the same areas I highlighted on the daily chart (heavy volume areas).
-Everything's relative in the stock market. A big move usually sees a big correction, and with this setup having all the makings of a major bottom to a major downtrend, I don't think the green zone (.02 - .07) is that ridiculous of a target range.
-A break of that red trendline should kickoff the party.
*While this is a chart play, I don't think it's setup was an accident. Feb 09 saw a huge surge in volume which started the accumulation, and that buying locked up a lot of the shares out there. The action since then, a lot of it by chart traders, has further locked up the float. The price action you see now is just a result of all that accumulation, and now we have a nice storm brewing.
All just my opinion, any chart setup can fail at any time. A high reward potential always comes with high risk, so trade accordingly.
My post from another board:
Green horizontal line was the ceiling to the action for the past year, and as you can see the price busted through that like a wet tissue. It then followed it up with a couple of months worth of bullish consolidation, which you gotta love to see on top of old major resistance, and then a few weeks ago we saw a mini breakout from that consolidation period (break of that descending green trendline). Since then the price has formed another consolidation period, and I'm strongly suspecting that a breakout from this consolidation is going to lead to a big runner.All in all it's a great setup, a year in the making. There's a reason I don't let setups like this fall off my radar, even if they stay there for a while, and hopefully we see why with this one.
Can I come too? lol
Bid moved back up to .0002, very nice.
Not sure what your point is. Did you check how many shares are actually available to short through IB? Check for yourself and then LOL.
http://www.interactivebrokers.com/en/trading/ViewShortableStocks.php?key=hscc&cntry=usa&tag=United+States&ib_entity=llc&ln=
That's what I'm banking on as well, hopefully it pans out that way. I do think the chart is in a very favorable position to accommodate a runner.
I don't know why it would go up either, but the chart is showing me accumulation has taken place over the past year, year and a half. I'm just going off that and taking a stab at it as a lotto play, high risk and high reward.
ETMM is retail, so it's just a seller getting antsy to get out. No biggie, if things are meant to be, the shares will be absorbed and the stock will move up. If not, then there just wasn't enough demand currently, just gotta wait and see.
Yeah, the MMs can play little games like that, but in the end it won't affect the big picture. I'm not going to deny that there are games being played, but that's also all part of the game. The MMs will do what they can to shake weak hands, but they're not going to hold down a good stock forever. Often they shake the tree so they can accumulate, which means they obviously want the stock to go up eventually.
How can a small sale take the price down so much? Simple, there obviously wasn't enough of a bid at the time. If ANY retail buyer out there had a bid in above where those orders went off at, they wouldn't have gone off so low. The MMs can't push the price down if there is enough of a bid and they can't hold it back if there is enough buying pressure.
Good post. Plain and simple, with no buying pressure, the stock most likely will not move up. To blame it on the MMs is noob talk, sorry if people will take offense to this.
That just as easily could have been a retail seller. These MM manipulation claims can get downright silly, there was nothing more than a few thousand $s in volume today, so all it would have taken was one moderate sized retail seller and that would explain today's action. Stock doesn't go up, blame the MMs. Give me a break, there are other factors at work here too.
No offense, but if you're getting impatient.... sell. This ran last time because there was more demand than supply, no news, nothing.
Yesterday a seller knocked out the bidder who was sitting at .0002 on the bid, but today a buyer knocked off that new seller who was now sitting at .0002 on the ask. All in all it looks like about 30 million shares were absorbed, and now the ask is back to .0003. I'm really hoping that we're looking at the last of the shares that will be available in this range, and if the sellers are dried up then we'll have a nice vacuum where any demand will easily push the price on up.
Today and yesterday's action is either setting up for the stock to break down or breakout, and today was a step in the right direction with that buyer taking out the .0002 seller. I'd love to now see some demand for the .0003 shares and see how much are available there.
Yes, I know all about shorting pennies. My only point was that it was entirely possible as I've done it plenty of times through Interactive Broker, and the post I replied to said retail could not do this. I'm not arguing anything about HMIT, I am long and have a great feeling about this chart. BTW, if someone wants to short HMIT through IB, there are a whole 65k shares available. LOL
Ha, definitely not impossible for retail, you just need the right broker and enough cash to cover the margin requirement. Trust me, there are retail traders who will short pennies.
I did the exact same thing last year and in all it ended up being my most profitable trade ever. Unfortunately this time around my average price isn't as nice since I started accumulating at .005, but I picked up enough down here to make it workable. I would love to see a repeat of last year, and I think this time has a chance to break higher than the last run.
Now who was it that said to expect about a month of consolidation about a month ago? Hmmm.
Lol, just messing with ya. You're playing MMTE too, right? That out to help you be patient with this one.
No, I'm the one missing something. Someone was talking about the volume on the day being at 10 million and that not being a lot of money, and I thought you were referring to that ($7k worth of stock), and now I see you weren't. Duh, sorry for the confusion.