Feeding village children in Mindanao Philippines and watching my boy and girl grow up.
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The other similarity to June 19th is that we busted above the upper Bollinger band, which we have done today as well (2.95 is the upper Bollinger band.
Agree, except on June 19th (my birthday :) ) We were trading above all three moving averages, 20, 50 and 200. We need to close above 3.23 and we will be in that same boat. Volume has already matched June 19th volume. Just need that close above 3.23 for the cherry on top (above 3.28 would be two cherries)
2.49 now support. Closing above 2.69 makes 200 day sma (3.22) next target.
http://stockcharts.com/h-sc/ui?s=CYDY&p=D&yr=0&mn=3&dy=10&id=p31890970200&a=852788034&listNum=1
Last week I showed the comparative charts on INO, HGEN and CYDY. Today CYDY is testing the middle Bollinger band while HGEN tested the 50 day sma before pulling back. I expect that CYDY will make the save type of move up to it's 50 day sma at 2.69. INO and HGEN pre-warned on the way down and it looks like it may do the same on the way up.
http://stockcharts.com/h-sc/ui?s=HGEN&p=D&yr=0&mn=3&dy=10&id=p77933676232&a=850679454&listNum=1
http://stockcharts.com/h-sc/ui?s=CYDY&p=D&yr=0&mn=3&dy=10&id=p31890970200&a=850680124&listNum=1
http://stockcharts.com/h-sc/ui?s=INO&p=D&yr=0&mn=3&dy=10&id=p88476803054&a=850678202&listNum=1
I am also your fan. I hope there are no negative repercussions to your decision. I do understand both sides of the debate but I want to try to be part of the solution. I think we should get a "I Vaxed" sticker like they give you when you give blood or vote.
I would have thought that at least one of them you were a fan of ;)
Good luck to you. I plan on getting the vax when it is available for high riskers through the VA. I figure if it takes out four POTUS I will be in good company (smile inserted here).
Rock, as you are one who will be granted the right to get vaccinated first, are you going to decline? And how will your facility respond if you do?
Could see 3.15 today also.
If you want to be ambiguous on the downside I can be ambiguous on the upside.
As there was weakness in the sector, I noted chart comparisons of INO, HGEN and CYDY as they came down. All three had "Cross of Death" formations (50 day sma crossing below the 200 day sma) which is a bearish signal.
What is interesting, to me, now is that I am starting to see a divergence. Today INO actually got above the 200 day sma, after having broken above the middle Bollinger band, then the 50 day sma.
http://stockcharts.com/h-sc/ui?s=INO&p=D&yr=0&mn=3&dy=10&id=p88476803054&a=850678202&listNum=1
As for HGEN, it has managed to get above the middle Bollinger band but has not yet tested the 50 day or 200 day sma.
http://stockcharts.com/h-sc/ui?s=HGEN&p=D&yr=0&mn=3&dy=10&id=p77933676232&a=850679454&listNum=1
As for CYDY, it has not yet managed to get above the middle Bollinger band after having broken it on the downside the other day but the strength in INO and HGEN makes me feel that CYDY will perhaps follow in their footsteps. Just a reason to not be 100% on the sidelines, imho.
http://stockcharts.com/h-sc/ui?s=CYDY&p=D&yr=0&mn=3&dy=10&id=p31890970200&a=850680124&listNum=1
In defense of TA I must say that there are times of consolidation (or tops) when trying to predict a move is very difficult. Unfortunately this is one of those times. Either this lengthy period from June 30th through now is part of a consolidation for another leg higher or it is a top. I can understand where that sounds like hedging one's bet here but unfortunately that is what it is.
There are times when TA is much easier then others. This is one of those other times.
Well, the direction was pretty clear for most of the biotechs for the first half of the year but it has been more challenging since July.
The one thing that concerns me is that a flag formation is a short term pattern, usually lasting a maximum of 4 weeks. The flag formation I posted is 4 months long.
The longer term patterns are triangle formations and one could argue that we had a descending triangle formation. I hope not. But descending triangle formations are usually "continuation" patterns of an already descending formation. CYDY has been in an ascending formation for the past year.
https://school.stockcharts.com/doku.php?id=chart_analysis:chart_patterns:descending_triangle_continuation
Yes, I have been saying this for months. If you look at HGEN for example the 50 day sma crossed below the 200 day sma at almost the exact same time.
I will not try to predict when the turnaround will come in the sector, but I do believe that it is unwise to be without a position in CYDY as the right news could cause a gap above the 3.15 area on any given morning.
https://school.stockcharts.com/doku.php?id=chart_analysis:chart_patterns:flag_pennant_continuation
Compare the second chart in that article with this chart.
https://stockcharts.com/h-sc/ui?s=CYDY&p=D&yr=0&mn=11&dy=10&id=p45302019340&a=842658169&listNum=1
The pps has been closing at or above the middle Bollinger band currently 2.47). Which, for me, means the offense is still on the field. But there is a formidable defense on the field as well in the downtrend line, a "Cross of Death" signal (50 day sma crossing below the 200 day sma).
With the MACD, PPO, PMO on a bullish cross it adds to the mixed signals
I still look at the chart as a massive pennant formation with pps pushing to try and break out of the pennant.
Ah, ok.
? Downtrend line is wrong?
2.82, 2.91, 3.15
2.82 would be a higher high.
2.91 is the 50 day sma.
3.15 is the 200 day sma.
I am in the high risk group (pre-existing and age) but I will be first in line when the VA notifies me that it is available to me. If the country as a whole has the belief that this is Deep State trying to ________(fill in the blank) through an inoculation then the vaccination will fail. I consider it is as much my patriotic duty to get the vaccine as I did to serve in the Armed Forces.
I used to enjoy your technical analysis input back when that is mostly what you did. You and I did not interpret the charts the same always, but you did point out a few things that I did not necessarily add to my analysis (i.e. Wm%) but in the last few months you have concentrated more on negative conjecture then technical analysis. I believe this detracts from any technical analyst. I have rarely seen any technical analyst mix fundamental conjecture with technical analysis. The only example I can actually recall is following 9/11/01 at the Technical Analyst meeting where one analyst had broken down his TA to point out the break down in the indexes days before the World Trade Center attack which his conjecture was that some big money in the world had made a big bet on the market going down.
Agree.
I believe that the past five months could very well be a massive pennant formation. All previous pennant formations that were broken were the beginning of a strong leg up. When the $2.00 support was broken and we came down to 1.65 I feared that it was the beginning of something bearish. However, we closed that day above 2.00. I still believe that if we break that downtrend line on volume that it will be the beginning of a leg up.
I am not 100% invested because the Cross of Death concerns me but I am ready to jump in with one foot if we break the downtrend on volume and with the other foot if we can get above the 200 day sma.
http://stockcharts.com/h-sc/ui?s=CYDY&p=D&yr=0&mn=11&dy=10&id=p01743724990&a=842696691&listNum=1
I am impressed that the bulls won the battle again today. Last hour come back yesterday and today are impressive, albeit on light volume.
It will probably take a news event to get the breakout above the 200 day sma and that will be when the volume comes in. But first point we need to break is 2.81 which is the previous high on 11/4 (also the vicinity of the downtrend line). Above that is the 50 day sma at 2.94 then the 200 day sma at 3.14. With so many irons in the fire we could gap above the latter on any given day, which is why I feel there is a danger in having no position.
BTW, how much cash does CYDY have on hand at the present time? That question is to anyone.
http://stockcharts.com/h-sc/ui?s=CYDY&p=D&yr=0&mn=11&dy=10&id=p45302019340&a=842658169&listNum=1
Saltz, did you get back in on the last move under 2?
Not sure a penny is relevant. I am impressed by the attempt to close it above it though. A tug of war.
We shall see what tomorrow brings. I think the market may be showing some concern about the $7.5 mill a month we have to pay.
I need a close above 2.47 (middle Bollinger band) for the bull offense to stay on the field for this drive.
The black line that slants down in a 45 degree angle
The downtrend line was broken today. Would like to see it close above it. MACD, PPO, PMO all having crossed up is positive.
The negatices are we had a Cross of Death (59 day sma crossing below 200 day sma) so we need to get above the 200 day sma (3.13) to recerse that signal. RSI is at 50 which is not overbought.
Middle Bollinger band should provide support at 2.49.
http://stockcharts.com/h-sc/ui?s=CYDY&p=D&yr=0&mn=3&dy=10&id=p12024537055&a=840989053&listNum=1
LOL. You deserve a few cold ones.
This is beyond sad. I got tested Monday (VA) but still no results back as yet so hopefully Monday.
Same here. I got tested Monday at VA. They said 4 days for results, so maybe tomorrow.
Amen
Yeah still trading in that range since August. Performing much better then INI, CYDY, HGEN.