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Ah, I guess you meant 2 months and not 2 weeks. Anyways, I think this stock will help add to your income this year.
So you make 180k a year at your job? Not bad at all.
In response to my previous post regarding the longer term weekly chart, here is more of an intermediate term view of the stock, a 2 year daily chart.
http://i49.tinypic.com/35d3ok7.png
That's a link to a zoomed in view of these last couple of years and specifically where the volume is stationed at. Now remember that the volume we're looking at here dwarfs anything else this stock has seen, so what's significant on this timeframe is very significant on a longer term timeframe as well. The green zone I highlighted is major support, with .0018 - .0022 being the key range. We traded inside of that range more times than not during the past 1.5 years, and with us back above it we can say that it's been thoroughly tested and the support has held up. On this 2 year chart it's an impressive support range but it's even more impressive when looking at the bigger picture, since it's more or less a major double bottom attempt after a 4 year downtrend.
So there's the key support zone as defined by the volume, but don't forget to look ahead to the resistance we can see from past volume. You can see that the upper .002s has some decent volume to it, and not coincidentally we've seen the price start to churn in this range the past few weeks. Once we're past .003 and have established above it, you'd assume that we'll be able to move easily with pretty much a void in volume backed resistance up until the mid .006s. With the weekly chart being in a favorable position for an uptrend on that timeframe, I'm crossing my fingers that we can break that resistance range (blue zone), base a bit on top of it, and then continue the exponential climb. I'll be holding a portion of my position through thick and thin hoping that it plays out that way. GL to everyone.
I posted this on another board a little while ago, it's a summary of the longer term picture here.
4 years of downtrending, 1.5 years of putting in a bottom, and now hopefully we're looking at a breakout on the weekly chart here with RSI getting into the power zone. The past few weeks we've consolidated on low volume here right below the next trendline resistance, and any day now I think we could be making a push through those trendlines overhead. When/If the price establishes itself above that resistance and the weekly RSI is above 70, it should be party time.
Agreed, a few more days consolidating under .012, then we'll be primed to bust out.
The confusion might be on your part. Gold and stocks tend to move in tandem, at least a lot more than they don't. Inflation baby. Now when you see the dollar rallying hard along with stocks, then you have something out of the ordinary.
I didn't say I was sure it would test the upper teens, but that was the lower end of the channel I saw it staying in. With the 50 MA moving up to almost .002, I'm thinking this is the low end we're sitting at now.
I've been saying for at least a couple of weeks that I was thinking a month or two of consolidation was in store for us, and then to look for it to breakout. So far that's what we've seen. Though my guess is still for this consolidation to finish up, I do think this chart setup has enough of a base that we could potentially see a breakout any day now.
As for longer term price projections, the upper double zeros is the ceiling on the price action from the past 2 years, and ultimately I believe this run up can hit that and break it. A break of that would be significant and would open up a whole new world of price levels for this stock to hit.
I'm still saying the chart looks like we could be consolidating here for a little while still. The longer we do this, the better off we are. It builds a base by slowly letting out the impatient and let's the stronger hands take their shares. This is allowing the shorter term moving averages to work their ways up and catch up to the price. Quite often with this stock I've noticed all it takes is one person with a couple million shares to capitulate and throw in the towel for this stock to bottom out and then move higher. I remember last year right before the stock ran in Aug, one person from another board threw in the towel and dumped a few million shares, and literally after his shares got soaked up, the stock started to breakout.
On another note, when was the last time this stock released news? The way the chart is setting up I really think this is going to be a sustainable runner, but it's hard for me to see this breaking a penny without news.
Beautifully worded. The low volume consolidation at this new range is what attracted me to this play. Like you said you gotta know this game to play it (successfully at least).
I think you and I have a similar eye for penny stocks. This is at least the third one I've seen you posting on that I'm playing as well. Good stuff, good luck to both of us.
Here's why I like GRDO a ton right now. Here's the weekly chart
The line slanted upwards is the double bottom, the long horizontal one is the trigger for the double bottom. Late last year the stock broke out from that massive double bottom, ran very hard, and followed that up with almost a solid year of very bullish consolidation and pulling back. Price tested the new support of the trigger line and has recently started to show signs of life with a little upward pressure and a break of that trendline I drew. Man if this one can catch some air, it's got a ton of potential.
Volume would be great, I don't think there's going to be too many shares available at .0003 and .0004, but no one is buying atm. .0004 is the line in the sand to watch though, when and if we get a surge in vol that breaks through .0004, then this stock should come to life. Ideally we get positive news as the catalyst, maybe Christmas can come in June for us.
Low volume consolidation after a volume backed break of the .0005 resistance, this is a good thing FYI. It maybe days or weeks before this finishes up, but when it does look for a serious breakout. Over time you'll start to see and notice the behavior of how stocks trade, and you'll realize that even extremely low volume days have their place and can be very bullish signs.
IMO, .0005s, .0006s, and .0007s are going to make for nice entries.
I'd love to tag the ask right now for a good amount but I'm thinking I'll wait for the .0004 resistance to get tested/ broken first.
Look at that money flow (CMF), this will be popping one day, hopefully it's sooner than later.
jmo
The address is for the IR, so the fact that they both have the same address doesn't mean they are one and the same. There are many companies that use the IR there. Google the address and you'll see many pop up. I'd love for a legit looking entity to be associated with MONA, but we'll need more to go on than just both using the same IR.
Now that's pretty interesting. I hope they are related to MONA because that looks like a legitimate operation. Crossing my fingers.
If it continues to consolidate for another month, then I'm sure he would say that. After breaking major resistance, a month or three of low volume consolidation is incredibly bullish. Here is a post of mine from another board with a chart.
Here's a combination breakout/lotto play. This may or may not be ready to pop, but for people who like these types it's a good one to keep on your radar.
You have the huge downtrend, then in 2008 it tried to build a base and bottom out, only to have that fail. Then you see it consolidated for at least a year and a half, and last week it tested a breakout on heavy volume. That range I highlighted is the resistance from that failed bottom it tried to put in, so right now the price is just hanging out below that, but above the bottom it put in. I'm guessing either consolidation here, which could last a while, but if enough volume comes in here it could just pop. It's a subber so it has that lotto element, but it's also a very solid breakout play.
And the volume, or lack of confirms it. While the pullback has been on next to no volume, I am leaning towards this needing to consolidate in the .0018 - .0028 range, possibly for a month or two. Maybe I'm wrong, but that's my guess. This will help us form a solid base though in this range and make the next wave up much more sustainable.
Wait til this actually gets some serious volume, we've been moving up on very little buying thanks to heavy accumulation over the past year+.
They all got knocked off about 15 minutes before the bell when someone scooped up 2 million shares from them. I think those were all the shares the MMs had at or under .003, the only thing we're seeing being offered now are retail and probably small. Even a moderate amount of buying into close would very likely put us at .003 or better.
Well obviously there's no interest in selling either then friend. jmo
Have you not been paying attention? lol
Yep, we'll see, but after a downtrend that strong, a base that long, and accumulation that evident, the hope is that it produces a significant pop. I'll be selling into the strength and letting some ride, so if that third scenario does play out, I should at least cop my initial investment, if not more. All you can do is try.
Well my opinion is based off of the accumulation I see in the charts from the past 1.5 years, and for whatever reason, someone or multiple people is/are accumulating. That I can see plain as the nose on my face and a history of questionable practices by the company doesn't negate that simple fact. All I'm saying, be prepared to be surprised, at which point maybe talk to me about what to look for in these types of plays.
I will say this, I think I will be proven right or wrong in less than the next 6 months, probably much less. The weekly bollinger bands are really tightening up and it's going to result in either a breakout to the upside, or a breakdown to the downside, which since it can't go much lower on this scale would most likely mean it would R/S. I'm saying the signs are pointing towards a break up, but either way this will move convincingly in one direction or the other and I'll either be vindicated or will have egg on my face and $20k less in my account. Good luck
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You think Pimping Wallstreet buys blocks of 40k of this? Come on now! lol
Here's what I was referring to. This is the entire history of MONA (and whatever other prior symbol it traded under) in the form of a daily chart.
Now this is just one piece of the puzzle, but it can be helpful in telling you which of these subbers to stay away from and which ones have a fighting chance. Look at the red area and the corresponding OBV and Accum/Dist lines, declining price and indicators. Now look at the same things in the green highlighted area, flattening price and even one decent rally and sharply rising volume and accumulation indicators. That accumulation is particularly nuts, with it breaking out majorly and the price still chilling out. That's very often the sign of a price breakout on the horizon.
To everyone saying the history of MONA will tell you not to play it, I would agree that in the past this wasn't a good play, and that's why none of the things I look for in plays like this were there back then. It's a different case now. Paying attention to just these 2 indicators could have kept you out of years worth of declining, but now we've reached the point where negative sentiment has gone too far the declining price has well overshot it's mark. It's a perfect storm for a breakout, whether fueled by the technicals alone or other factors.
Not through most brokers, but virtually any stock is shortable, depending on who you are, who you know, and whether or not you can find shares to borrow against. Interactive Brokers, who allows you to short pennies, does not have any shares to borrow, I'm guessing shares are tough to find to short against for XHUA.
If that were the case, the accum/dist and OBV wouldn't be breaking out to new multi year highs. Sign of dilution ending and a base being built. Please have a wonderful day you spectacularly awesome person you.
jmo
Link please? lolololol
Chart shows major accumulation taking place over the past 1.5 years, not a sign of impending R/S.
jmo
Yep, they sure did and it took place in 2008. Lol
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There is no R/S being discussed except by you and maybe one other poster here. The stock is being accumulated quietly the past 1.5 years, generally not a sign that a R/S is in the works.
I'm interested. Thinking of smacking the ask for another 40 mil or so to bring me to 100. I'm curious to see what that would do to the sellers at .0003.
I hope you're right about that, but either way I'm confident that the charts are indicating something positive is around the corner. Hopefully it's soon. =)
I don't know about that Mick, this stock is still in hibernation. One of these days I think we'll see this guy wake up, but I don't see any signs of life yet.
Yes, once again they're wrong. Use that link I posted in my previous response. It's missing an MM or two, but it's much more accurate than what you're going off of and it's real time.