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I agree with you, also from a technical stand point, we seem to have solid support along the 5 EMA (.35) range and resistance @ .40 as you indicated.
Once we break above .40 and support is established we should see a positive advance to fill the gap back to .65 and higher IMO, just a matter of time now.
GLTA
Here comes the run we have been waiting for.
CYTR has crossed the Parabolic SAR, the 5 and 13 MA have crossed (Golden Cross), we have strong support along the center BB line now, certainly seems to be ready for a breakout run now. There is a big gap to fill, I think we will see this one explode anytime now.
Here we go...looks like we could see a nice bounce here. Have support on the center BB line, and a golden cross with the 5 and 13 MA. Could see a nice run here.
No, I missed that news, sounds like somethings in the works. I know just looking at the charts it is way over due for a price correction back to the .60 range.
This one has been churning for a few weeks now.
I am still looking for a breakout soon, we should see some positive movement soon once the Parabolic SAR flips.
GLTA
I have added you as assistant.
I primarily swing trade on technicals, however checking company news, earnings reports, etc. is also a part of this.
This one is due for a price correction, and the technical indicators are showing strong bullish reversal signals here.
IMO it is ready for a price correction, we have already crossed the Parabolic SAR another strong bullish signal.
One more thing to keep an eye on are the long and short term moving averages (13 and 5 EMA).
Once these cross and we move above the center BB line the stock will almost certainly break out.
Also the gap needs to get filled, I would not be surprised to see it filled or starting to fill in by end if next week.
I look for .55 to .65 range by end of month.
GLTA.
I'm in today for the pincher play, looks like support along the 5MA.
* The PPO and ADX lines are starting to separate.
* Full STO, TRIX, MACD all upticking.
* Williams and RSI show Oversold.
* Big gap down to be filled back to 0.65's.
These are strong signals and should indicate the start of a new bullish trend.
GLTA.
I am in today, looks like a good pincher play forming.
Could be looking at a nice run here.
GLTA.
I think I may hold off until all of this government shutdown business is over. I stopped out today, looks like it still wants to trend down. Hopefully we will see a reversal indicator soon, if so, I will jump back in.
GLTU
Well unfortunately my stop filled today, will have to wait for an actual confirmation before I re-enter. I knew it was too early, ah well, was worth a 3% gamble anyway.
GLTU
Had to get out of this one today for a small profit.
Today looks like the start of another bearish trend.
GLTU.
Ok, it may be a little early but I am back in @ 4.81, significant support at these levels, I do not see it going much lower and today's candle so far clearly signals reversal IMO.
Got my stop loss set @ 4.67 for 3% loss, but really cannot see it going much lower than today's low.
GLTA
Nice entry good luck, looking for some positive movement here.
I'm in today @ 4.20 technical indicators looking great.
Could see a nice reversal setting up to fill the gap back to 6.00 range.
GLTA
Beautiful chart, volume is very low, too bad, looks like it could be a strong runner.
The bottom bollie is @ 5.10 on the daily chart right now.
Today's candle is bearish, and I suspect that we will see more down trend short term before any reversal.
I look for a pull back between 5.10 (bottom bb) and 4.97 before we see a reversal.
We may already have support @ 5.10 building so tomorrow will confirm if our trend will reverse or we continue trending down.
The good thing is we are at a 52 week low at the moment, this is an opportune time to get in once we have confirmation of a reversal tomorrow and could be a nice run from there.
GLTA.
We broke major support today, looks like this will indeed down trend at least for the next few trading sessions.
52 week low @ 5.05 (today)
Pivot Point 1st Level Support @ 4.97
Pivot Point 2nd Level Support @ 4.87
Don't be surprised if it hits those support levels before the trend reverses.
GLTA
Congrats, I called this one also back on the 5th, was a nice pinch play, executed perfectly.
Looks to be pulling back now to fill the gap, will probably continue to pull back to 2.05 levels before it finds support now.
Cheers.
Read the press release...
Powerwave is also using approximately $25 million of the net proceeds from the offering to repurchase an aggregate of 11.2 million shares of its common stock.
I see that it seems to be a positive catalysis for the stock.
From a technical point of view, things are right on schedule now, stock should run hard from here.
GLTU.
I disagree, this looks like the bottom to me.
The stock has been trading in a channel for several months now, support has been tested and held at this level for months.
Today looks like a reversal candle, plus the Full STO, TRIX have crossed and are upticking, these are all bullish indicators.
If it continues to trend like it has for the previous 3 swing high / lows, I would not be surprised to see a run to 6.25 - 6.40 levels over the next 2-3 weeks IMO.
GLTA.
How would this effect the stock?
To me it looks like it could be the start of the next leg up. I would have to wait for tomorrow's candle to confirm this however.
This could be a nice run, it seems to be trading in a channel for sure, 5.35-5.40's looks to be the bottom for the last 3 pullbacks.
I tend to agree with casetheace, my best guess is this was a short squeeze.
Investopedia explains Short Squeeze
Short squeezes occur more often in smaller cap stocks with small floats.
If a stock starts to rise rapidly, the trend may continue to escalate because the short sellers will likely want out. For example, say a stock rises 15% in one day, those with short positions may be forced to liquidate and cover their position by purchasing the stock. If enough short sellers buy back the stock, the price is pushed even higher.
VALV is indeed rocking, unfortunately I got out way too early on this one, could of made a boat load (instead of a truck load).
Thanks for the scan, I will check it.
Also, take a look at PWAV I think it has good potential like VALV.
GRO looks like it could be a winner, the PPO and ADX look to be still in a 'pinch' and I like how the Full STO has crossed and appears to be separating from the PPO line on the bottom.
I also like how the MACD and TRIX 3,3 are beginning to to cross and possibly uptick.
I would keep my eye on tomorrow's candle for confirmation of a reversal here, this once could be a multi-bagger just like VALV was.
Do you mind posting your stockcharts.com scans here that you use for your pincher?
I am sure it is close to mine, just wanted to compare because I would to filter out PINK and see if there was some indicators I may have forgot.
Here is my basic scan for stockcharts.com:
[type = stock] and [country = us] and [PPO Line(12,26,9)<=-9.00] and [ ADX Line(14)>=35.0] and [Volume > 500,000] and [Open <= 15.0] and [Open >= 0.01]
Cheers!
Another great day! Congrats! Let me know if your scans turn up anything.
Actually the price would have to close at or below the close price of July 13th (@ 2.05) in order for the gap to be filled.
That hasn't happened yet, our low for the day has only been 2.12.
Once we close at or below 2.05 then our gap will be filled.
I would not be surprised to see it eventually pull back to at least these levels before continuing upward, this may take a few days.
I expect to see it eventually find support along the 5 EMA (@ 2.04) or 13 EMA (@ 1.77) as it is currently trading outside of the upper BB and will correct eventually IMO.
GLTA.
Nice pincher play setting up today, I am in @ 0.26, might be worth the gamble.
GLTA.
Nice pincher play setting up here, I am in @ 6.48 today.
GLTA.
In today @ 4.65, indicators are looking good here, Parabolic SAR flipped and a big gap to fill.
GLTA.
In this one today @ 8.30, created board, good luck to all!
K_trader: Do you think this one will "fill the gap"?
Yes, the gap looks like it is going to fill. My advice is take your profits now. If it is starting to retrace, tomorrow will be an ugly day IMO.
I am out @ 2.65 for a 96.30% gain on this one.
GLTA.
Thanks Hugh, seen some big gains today.
Awesome day, congrats to everyone who held!
I have no intention of playing this stock yes I know it is a Gelmon company, and yes I know how you love Gelmon stocks LOL.
I just ran across the PR and thought it was interesting to mention.
Cheers.
okay, just ran across it and several others, thanks.