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.
GOIG is taking a beating this week, The trend lines broke on the 9th with a candle under the 50 day ma.
support was broken yesterday with the close below the 50 day MA, setting up a bearish alignment of the moving averages, This has some more room to go yet.
question is will it get back above the 50ma today, I just don't like a red close under the 50, Setting up for a bearish alignment.
Watch that 50ma for a bounce , looks like a bull flag in the making..
Last time a candle like that showed up was 2/4..Glty
Thanks for the info Dagg, I come to my own conclusions and let others have theirs..In the mean time trust the charts..Glty....Cooky
Hey Dagg, Did the company tell you that or was it the IR firm? not trying to discredit just curious...tia.....Cooky
I see we have a descending triangle developing on the intraday charts
You guys think anyone will look that far back for support?
True, But Charts tell you when to get out.. :)
Here is the definition of a black spinning top.
Black Spinning Top Pattern
BLACK SPINNING TOP
Type: Reversal/Continuation
Relevance: Indecision
Prior Trend: N/A
Reliability: Low
Confirmation: N/A
No. of Sticks: 1
Definition:
The Black Spinning Top is a single candlestick pattern. Its shape is a small black body with upper and lower shadows having a greater length than the body's length.
Recognition Criteria:
1. The real body of the pattern is black and small.
2. The upper and lower shadows are longer than the real body's length.
Explanation:
The market moves higher and then sharply lower, or vice versa. It then closes below the opening price creating a black body. This represents complete indecision between the bulls and the bears. The actual length of the shadows is not important. The small body relative to the shadows is what makes the spinning top.
******************************************************************
Remember that it is only one candle so not to call a pattern,the opening price was above the close of the previous days( gap up) then it closed below that days opening price.. the day was green up a few points but the candle was black because it closed below its opening price, The lower shadow is shorter than the body and that looks more like a star than a spinning top but it is debatable I hope this helps..GLTY!
Cooky
Not sure Yosako, I have not watched the l2 on this one for some time but Maybe Master Trader can shed some light on this? sent you a person mark Yosako..GLTY!
"latest anti-theft technology"... ARTS alarm
Looking at the Candle for today it is black, The last time we saw a candle of this type was Dec 20, Monday's trading will be very telling as to the future direction of KATX...glty!
Looks like a spinning top today, With a push again thru the bottom Bollinger band testing the trend line,Two days in a row its happened and both days its pulled back above, I am Now looking for signs of reversal here in the Friday and Monday time frame.
Cooky
Yes, Normally takes a day or two after the event, but A good place to start looking for signs of A turn.
Pierced the lower bollinger band yesterday on the Daily.
Selling at a loss is not advisable, What he did by putting a stop loss in place is ensuring an even break at the least, Continuing to watch the share price erode beyond what was paid is not admitting you made a mistake in the trade to begin with and cut your loss,..as you can see this stock has trended down from the June July peak with bear flags and spikes along the way but has not broken the downward trend..I would call that risk assessment and a way to limit his loss.
As long as we continue to produce lower lows and lower highs it's good to keep in mind where the tipping point is, That is a sound decision..And one many could learn from!..Cooky
A symmetrical triangle is a candle pattern that often show's a continuation of a trend up or down.
I see a symmetrical triangle developing on the 15min.
Nice charting stocker, This is exactly why I want people to look to the Charts, It clearly show's regression and A pullback of over 110 % from the June,July peaks, Clearly Not a promising Trend. Thanks for your post.
A Declining trend line,
When I review a security I start with A normal 3 month period, Always Starting from the currant daily chart and working backwards to draw the more neglected long term trend's and eventually the weekly and monthly trends as well.
Something I always keep in mind is the long term trend line,Is it Ascending or descending ? As the true Direction will often ( not always) follow it's currant path.
Going back to the Fundamentals of charting ( I hope most grasped) We can see the Currant trend for KATX is Down, Going back to the june/july peak of .24/.25 and declining with spikes and bear flags to a suspect .024 today.
Reason for the decline? When nothing is propelling it upward's it will always decline!( I think that is an Original Cooky quote)
And also gives Question to the further decline below the original .04/.05 area of last march, If someone would like to put Fibonacci's numbers to play I would very much like to see the outcome...I will question Katx only thru charts and trends, and today it does not look Favorable. Cooky
Just here for the ride!
KAT Exploration Inc. (KATX) Stock Trading Info:
KATX Stock Quote KATX Level 2 KATX Stock Charts KATX Stock News KATX Stock Trades KATX Historical KATX Financial KATX Financial
Public Reply | Private Reply | Keep | Last Read Previous | Next
Follows Follow KAT Exploration Inc. (KATX) Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
© 2011 InvestorsHub.Com, Inc.
About Us | Terms of Service | New Stuff Site Map & FAQs | Contact Us | Advertising | New Stuff Blog | Stock Market 101
You are Cooky on WEB3
Take your favorite stock, and lets chart it..Cooky!
Public Reply | Private Reply | Keep | Last Read Previous | Next
Cooky Member Profile Cooky Member Level Share Sunday, February 20, 2011 12:45:19 AM
Re: None Post # of 133256
A Declining trend line,
When I review a security I start with A normal 3 month period, Always Starting from the currant daily chart and working backwards to draw the more neglected long term trend's and eventually the weekly and monthly trends as well.
Something I always keep in mind is the long term trend line,Is it Ascending or descending ? As the true Direction will often ( not always) follow it's currant path.
Going back to the Fundamentals of charting ( I hope most grasped) We can see the Currant trend for KATX is Down, Going back to the june/july peak of .24/.25 and declining with spikes and bear flags to a suspect .024 today.
Reason for the decline? When nothing is propelling it upward's it will always decline!( I think that is an Original Cooky quote)
And also gives Question to the further decline below the original .04/.05 area of last march, If someone would like to put Fibonacci's numbers to play I would very much like to see the outcome...I will question Katx only thru charts and trends, and today it does not look Favorable. Cooky
Just here for the ride!
G-nite all.
Anyone still around?
A Declining trend line,
When I review a security I start with A normal 3 month period, Always Starting from the currant daily chart and working backwards to draw the more neglected long term trend's and eventually the weekly and monthly trends as well.
Something I always keep in mind is the long term trend line,Is it Ascending or descending ? As the true Direction will often ( not always) follow it's currant path.
Going back to the Fundamentals of charting ( I hope most grasped) We can see the Currant trend for KATX is Down, Going back to the june/july peak of .24/.25 and declining with spikes and bear flags to a suspect .024 today.
Reason for the decline? When nothing is propelling it upward's it will always decline!( I think that is an Original Cooky quote)
And also gives Question to the further decline below the original .04/.05 area of last march, If someone would like to put Fibonacci's numbers to play I would very much like to see the outcome...I will question Katx only thru charts and trends, and today it does not look Favorable. Cooky
just what is " funny things"...Is that like a tadpole or something..:')
Now that's a thought...:")
I love the Thompson twins, What happened to them?...Besides the 90's
Ok, The 15th .0243-.028, 16th, .024-.028, and the 17th ..023-.030..looks broadening to me....Am I wrong? I always like your input Nitwit..what do you see?
Higher highs and lower lowe's, Up against a major trend line, Starting to look like a broadening formation developing..
Well if not, There will be a large red candle for the day and a bounce of the 20ma
Lets get a close above .028 today..
Interesting trading today.
I'm Not so good on"predicting" The next news cycle..so I stay with something more reliable...GLTY!
Cooky.
I like candy!.
Sure, looks trendy to me.
Got it! Clamps,salad spoons and fondu..