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monsters has got his assignments…we all gotta make a living… Just more proof we are being manipulated.
Sitting on big support…will see if it holds knowing that this is a huge week news wise…MM’s are trying to push it down as far as they can before the fuse gets lit and off we go!!!
JMO
Feeling dark and gloomy down here? Good...that's how bottoms feel. Dank lonely places. Of course you are not alone...Sandwich man is mulling about.
I am hopeful that my scenario from yesterday holds true:
"Would love to see a reversal here with a strong Friday followed by an awesome week of news and price action next week....will see."
Good days are coming.... hang tight!
If there was a price area for a reversal we are on it right now. The daily 250 EMA is sitting right at .50 . Also the 5 min RSI got into crazy oversold territory. Would love to see a reversal here with a strong Friday followed by an awesome week of news and price action next week....will see.
Okay so the good news was the MMs did not shove us down to and under the last significant low on 6/24 at .55 . They had every excuse to do it but could not/would not do it. If today's low holds it will be a higher low...something that is necessary to establish an uptrend.
Now I realize this is just before a holiday weekend but today's range was the tightest its been since Nov, 30th 2020. Why is that important? Because super low range days can act like inside days and can halt a (downward) trend.
We know everyday we get closer to July 15th and the new much anticipated earnings report. While we wait would be great to hear of a new hire for the CFO, update on up listing news to the QB and the official announcement of the new name for the company.
Hang tight!!
Have a great 4th of July weekend everyone!!
The question for me, now that we have taken out yesterday's low, is can we stay above the 6/24 low at .55 ? If we can do that we start to establish higher lows. Wait and see...
Hey Vipyr! You are much more up on things then I am now. What do you think of the takeover of Hebei Senlang Biotechnology? Do you think it makes sense?
I know we were down today but if we can find support right in this area of .98 that could be the beginning of higher lows. The 250 EMA has been a tough nut for AVCO to bust up through.
GRDOROCKS glad you have friends to be with at a time like this. Life can be so harsh...it can also be incredibly beautiful as well. I myself am going through some things. One day at a time. Hang in there man...
GO EGAN!!
On balance volume is the highest it has been since November. We have already tested the breakout of the Ascending Triangle. Nothing says though it can't test it again in the 11.16 area. Like what I am seeing here... Looking for EGAN to at least to double to the old high of the 20 area. Perhaps much higher.
U bet!! Excellent plan me thinks!!
Using charts, not using charts...who cares. We all have our own approach. Just nice to see we are coming up with the same conclusions..
Like what I am seeing at this moment. If this morning turns out to be all that we see to the downside for the day then the MM's just can't hold it down any longer. Way too much good stuff coming for SIRC...
Remember .63 is the line in the sand... We get above that and things become much clearer to the upside. Expecting that will be an area we gap above one of these mornings but I have no crystal ball...we could breakup through there anytime.
Notice how nicely today's low of .57 is above Thur's low of .55. Could today be a much needed higher low as we start to trend higher? A lot more trading left in the day...Will see!
One thing to note: Failures of reversal bars can be quite powerful. We had the reversal bar to the downside on Friday. However if we quickly turnaround and take it out to the upside that is extremely bullish...
As I mentioned on Saturday there was little doubt we would have a down day today in light of the wick heavy turnaround price action on Friday (well orchestrated by the MM's I believe). The reality is however revenues and other positives are coming soon as Mr. Muse and others have been mentioning on the board.
There is only so long they can hold it down before reality sets in that SIRC has a bright future and money is starting to pour in.
That being said I will be looking for a quick recovery...there is nothing that says it has to take out .55 as mentioned Saturday. It might...will see...just really want to see it come out of this dip over the next day or two, continue with higher lows and get moving up as we get into the latter part of this week.
At some point we will get that morning gap up I have mentioned several times and that will tell us the big move up is upon us. Just look at 2/3/21's gap up to give you an idea what I am talking about.
Needs:
Great revenues by July 15th
Hire a qualified CFO
Up list to the QB
JMO
Hang tight our days are coming!!!
All good brother...enjoy the rest of your weekend!
Yes...as mentioned big resistance at .63. But here is what is interesting...so far we have not collapsed back down again...hanging around .61-.60. If we can manage to stay up and perhaps start to move up again toward .63 by the end of the day that would be a great place to gap up come Monday morning off news. Probably getting ahead of myself but whenever it does close up near .63 that would be a great place for a breakaway gap up to form...maybe later in week next week...who knows when.
I got news for you all...that day is coming when we gap up and don't look back...it's coming.
.61 is a critical spot...10 and 20 EMA sitting right there. Great place to stop going up, EMAs could reject price and head back down. Great place to push up off from and get price heading skyward into the weekend...
Should be an interesting day coming up for SIRC...
Yes, we had a nice reversal yesterday on the highest volume day of the week which isn't saying much. My skepticism is that it closed just under the 20 and 10 EMA. Will price get rejected and head back south or will we jump above the 20 and 10 EMA and continue higher? Will find out soon enough.
One thing that is interesting is looking at the solar sector in general...there is a nice intra-day pattern of an Ascending Triangle that has formed on more than a few of them. This is bullish for the sector short term I believe...again will see.
JMO
Big time bullish long term SIRC!!!
Yep...let's do this!!!
Would LOVE to see this take off today!!!!!
If we can get up to .59 or higher and stick there this afternoon's rally may be for real.
The 5 min 250 EMA is at .58 and is today's resistance which would then turn into support...
I should also point out there is big resistance at .61 where the daily 10 and 20 EMAs are at. Then further up we have the 50 EMA at .63 acting as resistance.
It's a gauntlet to get through but we will see what it can do.
Breakout of very nice daily Ascending Triangle pattern...beautiful!
Sounds good! Would love to see yesterday's low hold but like I said suspect we will see .55-.53. There is also an intra-day flat area at .63 that will get targeted at some point.
Long term extremely bullish!!
Go $SIRC!!
Wednesday's have been tough over the last 4 months. My suspicion is we see us fall and find support around the .55-.53 area which was resistance before heading back up. I would LOVE to be wrong on this one...
Hello Peter...no disrespect taken.
One of the things that people don't seem to understand is that I never just look at the charts and I never just look at the fundamentals. I try to do both but I am certainly more grounded in the charts. TA is what alerted me to SIRC in the first place (SIRC had a beautiful Ascending Triangle pattern at the time) and happy to say got me in at .10 just two days before it took off. However the fundamentals is what has kept me in.
The charts on SIRC had been very accurate (see my board comments on 1/14, 1/28 and at the top on 2/5) up until the point of around 2/19 when I believe we were inundated with MM manipulation. So yes agree charting has not been as accurate lately...
If you are not already familiar with these traders you might want to get to know them a bit:
John Henry
Paul Tudor Jones
Richard Dennis
William Eckhardt
Bruce Kovner
Cliff Asness
These are a few examples of billionaire/millionaire traders that rely heavily on TA/chart reading. It's not magic...it's just finding probable areas of support and resistance...
Go $SIRC!!
Funny Chill...was about to report that very fact about volume then saw your post. Interesting too because today's range was not tiny.
The bottom line is we have closed below the 10-20-50 EMAs but of course still above the all important 250 EMA. My hunch...and that is all that it is, is that we go down and bounce off support in the .55-.53 area before heading back up. Thought today might have been a head fake but not so sure now as we went back down towards the lows during the latter part of the day before a little bounce at the end.
Mr. Muse...thank you for the kind words. This is a humbling business as I often say. Will see what happens but I am bullish!!
Okay so we got a significant head fake at 12:31 collapsing price down to .576. Broke down below the .58 low of 6/18 and then snapped right back up again. Could this be the turning point? If we close strong today I am betting yes...Would love to see us close above .61 .
JMO... Go SIRC!
Yes-sah... like what i am seeing Chill...we just went back down and tested .62 and popped right back up again. If we break up through .63 we could have a very good day here!
Interesting day shaping up so far.
We did indeed gap up from where price closed Friday at .60 and so far today's low is .61.
We have busted up through the 5 min 250 EMA at .62 and since we are at .63 right at this moment I expect us to test .62 again before heading higher. If we can bust up through .63 that would get us up past both the 50 and 10 EMA and would clear the way for higher numbers.
JMO...watching closely to see if we start to make a real move here today...
Update....okay so we did just go down and test .62 intra-day and now we are back up to .63. So far so good...
Hell yes!!! Money talks!$!$!$
Nice little reversal bar day for Friday!
Hang tight….our days are coming!
Current rally coming up out of the lows is occurring on little volume so far. Not convinced this is for real. Need to see volume increase. Would love to see us close up strong but not too excited yet....
For those candle stick purist out there right now it looks like a candle stick hammer formation...but I don't really care how one labels it.
Bullish!
Hi ErnieDog...good questions...will try to get good answers.
Was not me but someone on here...Timmy, Mr Muse, maybe Peter had mentioned that a good CFO might be able to combat a shorting attack against SIRC....would have to ask them. But what SIRC is trying to do by unifying Roofing, Solar, EV nation wide is going to need a skilled and high level master of finance to make it all happen. Huge undertaking...Dave has the drive and perhaps the people skills but we need that very competent financial piece of the puzzle to put it together.
I believe the MM's are shorting SIRC to get the price down as low as they can before the next ER comes out. MM's don't just short but very much take long positions as well. They played a big part back in February getting us to $3.00 (no proof...JMO...heard things) before taking us for a massive short ride down.
Just an observation in price action at this very moment. The low today is .58. That is right around the channel's high that occurred between 5/4 and 6/4. Run a line along those highs to see it. We may have just found support. Especially if we end closing up today. Again...no strong convictions at the moment...
Hope that helps...
JMO
Hi Rteddy68....Just wasn't sure what you were referring to when you said:
"what does the black line indicate on trades between red and green line"
Were you talking about on a chart or on your broker's trade statement? Would you be a little bit more specific?...thanks!
We appear to be in the grips of the MMs again but no proof. Turd Bomb SA article and disregard for well respected EMAs and then steady pressure down. If we could find support @ .55-.56 area that would at least keep us above the last support area of .53-.44 and would be positive...
Please get a well qualified CFO hired...
Bullish long term...
Okay so this reeks of MM manipulation... Drop the turd bomb this morning on SA and then we head south finding support right at expected EMAs that are typically respected by price but then shove it back down our throats to new lows... Bet we get a visit today from a certain sandwich maker and probably some of his friends. By the skin of our teeth we are finding support right at the 20 EMA...
Please find that CFO!
Bullish in the long term!
Timmy...just know I and I believe many are rooting for you here!!
When we are well above $5.00 absolutely expecting to take my wife to your wonderful winery for a visit and drink to our hearts content...then of course head to the Caribbean to the Soggy Dollar...to meet the rest of you!
Yesterday was a great opportunity to gap up and take off but it didn't. That tells you something. The good news however is we are still trading above the important daily, 10-20-50-250 EMAs. Expecting a further retracement down to the 50 EMA around .63-62 and then looking to bounce up again.
Waiting on the important CFO announcement!!!! Get it done please...
Hang tight!
JMO