Growing my account one stock at a time
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Oil will be fine IMO. Notice all the shorts out today in force.
Good call on the $48. With all this velocity we might see UWTI hit it's 50 day average by EOW. Great day today! Looking for more tomorrow.
V pattern forming on the UWTI chart...
Funny how the possible temporary pullback here with UWTI will coincide with a possible bouce off of the 50dma with DWTI. I agree with you though that a large amount of shorts still to cover.
http://stockcharts.com/h-sc/ui?s=DWTI&p=D&b=5&g=0&id=p90340624062
Hard to judge UWTI day to day of course. I definitely think RSI could do battle with the 50 tomorrow. Also not alot of resistance ahead on the chart. Upper bollinger band at $1.48
I like a continued move upward tomorrow. Two white candles, lets get a third. Even if there is a small pullback, the monthly candle could look good heading into September.
http://stockcharts.com/h-sc/ui?s=UWTI&p=D&b=5&g=0&id=p81188762744
Looks like a hammer candle forming on the monthly for oil...
http://stockcharts.com/c-sc/sc?chart=$wtic,uu[e,a]mhclyiay[dj][pb5!d20,2!f][vc5!c20]&r=3555
Looks like the golden cross will hit Monday
http://stockcharts.com/h-sc/ui?s=DWTI&p=D&b=5&g=0&id=p21730819712
Your right on about not relying on long term patterns on the OTC. Just maybe we will have an exception here.
Like the low ADX value under 20 on the chart...
All that's needed is Good News and Volume...
GOOD NEWS
Looks like people still selling here. Will be interesting to see how low we go this next week.
.0405 High
Will momentum increase or decease tomorrow, that is the question.
An infestation from Asia. Possibly a boiler room or the typical basher with multiple personalities.
Make some sense okay!!
UHHH for your Information an ascending triangle in an uptrend is one of the more powerful chart patterns!!! More reliabiable than an symettrical triangle in an uptrend. Thank You!!
Right on... To Many people cannot read charts. A symmetrical triangle that became an ascending triangle with the resistance at $1.65 yesterday. Even American Bulls might get this one right. They have a Buy - If on for tomorrow.
Looks more like a symmetrical triangle in an uptrend to me.
http://stockcharts.com/h-sc/ui?s=BMSN&p=D&b=5&g=0&id=p15898804799&a=295470518
Well as you know trading is not an exact science. You have been right on with so many other calls, though.
It just may be that the impending FDA news has been a catalyst that has kept this stock going. I guess the board has had over 300,000 reads today alone.
Funny, American bulls had it as a sell yesterday. Just another example why you cannot blindly follow any of these technical sites. Looks like the chart showed early exit but not confirmed exit with the moving averages. Company is waiting on FDA confirmation on their IND application, before they start clinical trials.
SSN looking for a Fibs bounce here
Don't let the fear get to you here. I smell a play at least through January.
AMBS warming up here! Remember flags tend to come in 3! I am calling an early temp job here!
http://investorshub.advfn.com/uimage/uploads/2012/11/19/nbkbrambs.png
Nice candle and volume pop on Friday Here!
RFMK should be rocking the next few weeks heading into the elections!
Were all better off working for ourselves! Hell make money online and you won't have to worry about commuting to work every day with an employer who wants a whipping boy...
You Kmow It!
Next two weeks Should get very interesting around here...
Hi Lowtrade, have a quick question for you. What amount on SPX are you looking for before getting back into the market? Previous high maybe of 1422.38 or trendline break at approximately 1380?
Thanxs
Yep The Big Joke! It's amazing that nothing can stop the S&P and FAS from climbing. With massive unemployment and debt around the world everything still coming up roses...
Will have to see if $12.5 holds on the chart.
Yeah somehow I wonder if triple witching had an effect on the markets also on Friday. Even if SPX climbs some more my guess is we see 1250 to 1300 before we see 1400 again. Gonna be hard for it to bust through the 50 and 100 day averages again.
Also I think that the Greek elections will play a role in moving the market one way or another.
Wait, answered my own question. Looks like they already took care of that RS in March. July is around the corner, and little birdy should fly here.
I wonder how low they want to take the price here? This was over 100.00 per share last year. Does anyone think that it could go down to 5 to 10 dollars and then they do a reverse split to set it high again?
Looks like the big guys are accumulating here with GWBU. CMF and StochRSI are following Suite.
http://stockcharts.com/h-sc/ui?s=GWBU&p=D&b=5&g=0&id=p70647853026
Actually the stock maintained a good portion of it's Friday gains. Flag breakouts dont't necessarily follow through immediately. The pattern breakout should continue here IMO. Better get on board before we break the upward resistance.
With break of the 50 day comes a huge breakout here IMO!