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 have the opposite problem of not knowing when to get out. XD Do you go by gut feel or look at something on the charts, or what?
I do most of my trading using moving average lines so I can try to gauge momentum. IMO it's the momentum swings that drive the price action, especially if you can catch the bottom of a downtrend (or if you're super lucky, the bottom of a breakdown like FDVRF on 9/16 which I totally missed, lol) I don't gamble with choppy trading; it's better to wait for stagnation or snipe the bottom of a downtrend.
Look up something called the Golden Cross https://www.investopedia.com/terms/g/goldencross.asp and Death Cross as the theory behind those chart events actually works for any pair of moving average lines!
So here's what I used to use with inline explanations. Sorry for the eyebleed pink. This strategy is valid but it's not as good as method 2 which I'll explain after. I highly recommend hopping on youtube to learn more about these indicators as they help double-check my method 2.
Method 2 is something I've been experimenting with more recently. It's been FANTASTIC for signalling breakouts but it's not so good at predicting trend strength. So I use it in combination with the earlier indicators to watch for breakouts in market sweet spots.
This strategy is based on this video that describes a clever way to use the Williams Alligator indicator to mitigate risk.
Hopefully something fair and balanced! :)
Charts and TA pack!
It's late after work so I'll keep them brief. In a nutshell, tomorrow looks to be a pretty important day as most of my indicators are showing the end of momentum in every direction. I expect a new trend to emerge. We don't know the strength or duration or direction of it, only that the market resists stagnation.
Some thoughts about bears before I get to the charts! In some of my earlier posts, I mentioned that bears could be close to exhausted from months of steady selling, and indeed the current wave of bears could be. News anytime soon should make this fly, because the ones who wanted to sell shares already mostly have.
BUT now it's possible we have a whole new wave of bears forming in the background! Who are these bears? Longs with a LOT of shares who've held since ENZC started building momentum last year from the trips, who've now hit the 1 year anniversary and can sell their shares at long term capital gains tax rates instead of the income tax rate. If these investors start to get the idea that ENZC's share price will continue trending down (ie no news and more red days), they are briefly in a sweet spot of favorable tax rates and maximum perceived return. If a critical mass starts to feel this way, we could see a mini-rush to sell a LOT of shares, that pulls price down hard and fast. (Into the single pennies.)
These longs have also held through an extreme bearish downturn thru most of 2021 so they have higher tolerance to prolonged lack of news than shorter term traders -- and this patience shouldn't be underestimated. They tend to be more optimistic since they got in early and are still seeing green in their portfolios. Just be aware that the carrot of a lower tax rate and a savvy sell is being dangled now, when it wasn't before. Some investors are probably gonna bite pretty soon if there's no news and MMs keep dragging this lower.
There's a lot of optimism around this stock so it could break upward without news just because of the exhausted bears. (If it goes up from here, longs on the fence probably hold, so no reinforcements for bears.)
GLTA!
Hourly
Daily
Daily
Megaphone pattern (edit: added chart)
https://bullishbears.com/megaphone-patterns/
Volatile and could break hard either way. Usually seen as bearish. (And today's candle hasn't closed yet!)
So, the problem with it closing near $3.10 is it traps investors looking for entry in a high risk situation - if the upcoming trend is upwards, price could explode upward tomorrow morning and rob latecomers of some juicy gains. BUT if trading's still trapped under resistance and the upcoming trend is downwards, it traps people who bought high in the red.
That situation is known as a bull trap. https://www.investopedia.com/terms/b/bulltrap.asp
To control risk you have to avoid taking on new risk until the new trend is decidedly confirmed. Previous longs who haven't sold are at lower risk because they are already well in the money. For future trades it's ideal to get in at the bottom and only sell part of your shares at take profit while waiting for a new trend to emerge, so you don't miss out on potential future gains in situations like this.
I've personally been flipping this one so I currently own no shares. So I have to gamble whether I think this will rise tomorrow or fall. :) And I have to weigh how much risk and reward are at stake and whether risk exceeds my tolerance level.
Today's gains happened in a rising wedge, which more often than not falls out the bottom. The short profit target for that rising wedge is .132, no guarantees it'll get all the way there (or stop falling there). Zooming out to consider the last few days, it's been trading in a down channel since .15 and the next articulation point is either .131 or .123. In other words, the trend is still downward but not hugely downward.
Will post some charts after hours.
You're welcome! :)
Still seeing mixed indicators. Needs a few more hours to confirm a direction. My guess is it runs end of day & closes around $3.10 at resistance, or takes a dip to support around $2.80, to make itself hard to read. (There's been some tricky shenanigans with this one already.) That symmetric wedge runs out of space tomorrow midmorning.
Will post charts after close!
Gotcha, good point!
Lol :)
Today's uptrend so far is a rising wedge on super low volume! But if it doesn't fall through, I agree about potentially retesting .15 this week! If the team promised news before the Hicks interview (10 days out?) then it seems we're nearing the moment of truth. :)
Sure enough this briefly ran to 3.45 but it gapped up (skipped a bunch of price points) so the run couldn't sustain. Fell back into the gap and is currently consolidating. Stopping at 3.45 seems to confirm that it's stuck in a symmetric wedge for a few more hours to consolidate. I think it spends most of the day in the red, or single digit greens, with another chance at running late-day or early tomorrow. GLTA
Great list, thanks!
Charts and TA!
Let me know if yours agree!
I am kind of anticipating a sharp move higher in the morning. But not sure how long it'll last.
There is no known reason for this pump (besides naturally attempting to stabilize from the long breakdown shown in the blue area of RSI on the daily chart) and no changed company fundamentals - so logic says the stock should dump again when investors lose interest unless it's drastically oversold and just now correcting up to fair value. If it's true that insiders are diluting then this pump is most likely from them temporarily relaxing the sell pressure.
An Ihub all-posts search on "enzc news soon" shows optimism at any given point in this prolonged bear run. People were saying the same stuff all the way back at .50
But there are so many overdue things in the pipeline it's getting silly. If ENZC can show us any progress at all, the stock ought to get some decent movement! A lot of people (me included) want to see mAbs take a bite out of HIV and covid as much as we'd love to cash in on supporting breakthru tech! Go ENZC
No kidding! The scale of this is super stretched since it's coming from the $40s. It feels like a mega-runner to folks who bought the bottom, but bagholders from the top are still down like 90%
Look at how long it was in breakdown on the daily. (Blue part of RSI) It's like a ball held underwater, it'll pop back up when the pressure's taken off. But imo this company's fundamentals are bad so I don't know why it would hold any of its gains in the long term.
If you're looking to enter, trade with caution as most of the market is red today. The bottom could fall out of this if buyers hold back.
I still think it's the dead cat bounce, just because it was so far oversold in the last breakdown.
The company already said it has no news. This DD (old but still relevant) suggests company insiders have a zillion shares and want to dilute. So imo they maybe let up the selling pressure so price will go back up so they can run it into the ground some more. :P
https://www.reddit.com/r/CanadianInvestor/comments/l5mr8z/the_definitive_rebuttal_to_every_facedrive/
It's a risky buy at the moment having already had a good run. Often you'll see a structure like Head & Shoulders appear signaling reversal. That's where it's teetering at the moment. IF it can get out from under resistance it could keep running. Daily chart suggests it could totally keep running.
https://www.investopedia.com/terms/h/head-shoulders.asp
This is looking like it might continue today. Maybe to $5?
(it's gotta get above 3.25 to escape resistance)
I highly doubt it, Amazon already has access to many of those markets and could develop an efficient presence without accounting for facedrive.
Found this older but still interesting DD: https://www.reddit.com/r/CanadianInvestor/comments/l5mr8z/the_definitive_rebuttal_to_every_facedrive/
(Read the comments too!)
I've personally never liked Facedrive because I get the vibe that if the company isn't an outright scam, it's more or less still throwing stuff at a wall to see what sticks. Specialize in ONE of food delivery, rideshare, EV rental, wearable health tech, social media apps -- don't try to do them ALL. Otherwise management and resources are spread thin trying to chase the established leaders (Doordash, Uber, Amazon, etc) who already specialized. Just my 2c. I'm fine trading it but I personally wouldn't keep any.
PR this week too! :) (We wish!)
I'll take a mixed week any week if there's some decent green in there.
This is the first time I've seen a rising wedge break to the upside. Looks like it'll keep running a bit. Where does it stop? :)
I got in briefly and lost $150! It's a tricky one with some good head fakes. ;)
Careful! The impulse is to buy back in from fear of missing out.
But you already left for a reason!
Look what it's doing now. It's forming a rising wedge, a very bearish pattern. In most cases it'll fall out the bottom as low as that first low point in the wedge. (About $1.80 here)
https://school.stockcharts.com/doku.php?id=chart_analysis:chart_patterns:rising_wedge_reversal
Good call!
I don't know why this would keep moving up on today's run if there's no pending news. My software says price already hit the profit targets at $1.96 and $2.38 so it's probably short sellers' turn to play.
Realistically I could totally see it hitting $3-$5 in the short term after some consolidation. It spent a long time in breakdown so it's probably still oversold.
Congrats! :)
Trading resumed and here's the pullback. Hopefully a short one with more green after.
Fair warning, while this could still see more green from here, all the lowest-risk trading already happened!
Maybe, but if so they'd better tread carefully. They told the IIROC:
Okay, so the trading halt was for "pending news"
Good post!
I'll add that we just had a bollinger band crossover (bullish!) from low to high band on the daily, and we already tested the upper bollinger boundary two days ago. That test was rejected yesterday in a red candle. So if there's a rally today and it retests the top, it's got a good chance of breakout.
The risk is that the pump was shorts covering for FINRA reporting. In which case they're poised to short again if they so desire. They have to contend with the risk that there'll be catalyzing news sometime over the weekend.
Hehe, no problem! :) Check this out over the weekend:
On the minute chart it looks like this:
And below that is an hourly chart that shows why there's a possible dead cat bounce.
I use three MACDs to measure different periods, to help visualize the momentum shifts. The one most people use is the 24/52/18 MACD (in the middle)
After the cooldown, it could totally keep running. Minute chart is very short term!
I grabbed it off of yahoo's aggregator but a better place to look is the IIROC website itself.
https://finance.yahoo.com/quote/fdvrf/
https://www.iiroc.ca/news-and-publications/halts-and-resumptions
Looks like it's still halted. No idea when it'll resume.
No idea! It looks like it could be about ready for a pullback so maybe they want people to have a chance to check their charts and stuff. It just moved in a vertical line and pumpers can use the frenzy to push it higher than it should go, unload shares, and leave everyone else holding the bag.
I guess we'll see what happens in about a minute. :)
(I thought the halt expires at 9:37 eastern?)
I used to own it when it was back around $45 a few short months ago! :)
Watching it now to see what happens, imo this is the dead cat bounce. https://www.investopedia.com/terms/d/deadcatbounce.asp
(Not to say money can't be made during the frenzy!)
Here's the thread:
@aurmanARK Thanks for the offer.I will send you a direct message.
— Gaurav Chandra M.D. (@drgauravchandra) September 16, 2021
Some DD links and a new charts pack:
Corrections appreciated! I'm trying to keep up. :)
As we know, ENZC's ticker appears to be being expertly manipulated. There was no clear sell signal at yesterday's close. Then pps dropped overnight in afterhours by a little over one full cent on just ~10k traded shares. Today we closed in choppy trading on a sudden dip, with low volume and mixed technical indicators (some showing bull signals, some showing bear signals) and no rally. It looks like price could go either way first thing Friday morning - which keeps the bulls pumping in more money while the MMs likely sell short.
What would break MMs is sudden catalyzing news. What bulls are counting on is sudden catalyzing news. But if MMs are still shorting then they're gambling that there will NOT be catalyzing news. We know the short settlement date was yesterday and if MMs want to conceal naked shorts from the reporting they have to cover. The uptrend was stronger this time which could be a result of the MMs unloading excess risk plus investors getting more bullish thinking this has to be the bottom.
We've seen rumblings about Enzoimmune Active (
) and possible partnerships ($ENZC - this is significant. While we are focused on the #mAb technology, let's not forget ITV1 where reports very recently published show effectiveness with low toxicity against #COVID and #HERPES (HSV1/HSV2). 🤯https://t.co/OEPRA2MFhb@drgauravchandra@enzolytics https://t.co/hrLiVgu0Bj pic.twitter.com/FcoqjH0Q1K
— 𝐆𝐨𝐝𝐟𝐚𝐭𝐡𝐞𝐫 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 (@GodfatherCap) September 14, 2021
) and we know the Savov case is still ongoing and entangles a lot of company shares (https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165936127) plus could be part of the reason why ENZC wouldn't want to drop any news (https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165949239)$ENZC - if you find it hard keeping track of all of the partnerships, don't worry, I do too. Which is why I updated this map 😉
— 𝐆𝐨𝐝𝐟𝐚𝐭𝐡𝐞𝐫 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 (@GodfatherCap) September 14, 2021
This is ONLY for the ITV-1 technology. There is way too much going on to include monoclonal antibodies and artificial intelligence on the same page. https://t.co/HsPYM9Z8ek pic.twitter.com/gj5mHS9gQc
Without a court issued injunction it sounds like Savov could possibly still try to sell the disputed 71M shares to retail thru ENZC's current transfer agent. If the share price goes up it would likely encourage Savov to try making such a move. Afaik the court has NOT issued an injunction.
ENZC would possibly withhold good news to avoid increasing share price and escalating the legal situation.
Per this video, ENZC's old transfer agent Nevada Agency and Transfer Company had already received a request from Savov to help him sell the 71M disputed shares. So ENZC originally sued NATCO as well as Savov to try and stop this. NATCO resigned as ENZC's transfer agent on July 23 (probably to dissociate from the legal shenanigans since by cutting ties it can no longer help ENZC or Savov manage shares.)
No movement on the Savov case as far as people know.
I think the case info is supposed to be public record but the court outsources to another company and you have to pay to see details. The public details and links for where to pay for more info are here https://courtconnect.courts.delaware.gov/cc/cconnect/ck_public_qry_doct.cp_dktrpt_frames?backto=P&case_id=2021-0612&begin_date=&end_date=
This screencap is from Godfather's discord, they paid for access to some of the documents and share updates with the group. October 15 or earlier is the new date when the judge wants an update from ENZC:
On the daily, yes kinda. But 8/30 didn't spend the entire day in breakout on the hourly!
In fact, the last time we had hourly RSI in breakout this long was during the run to .30 in June. (In that run we had volume and news, though.)
I wish news ever dropped on Thursday! My guess is Friday or Monday if at all, and that this run sees a pullback before then.
It's interesting how far it's moving with no news. Could indeed be shorts covering and reducing some of the sell pressure, and maybe FOMO/hype about that Enzoimmune Active report. Stocktwits shows ENZC related chatter up about 16% and most of twitter is bulls and pumpers.
I agree, & thanks for your perspective!