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The reason my sentiment has changed recently is that we have broken all of the previous technical patterns (cup and handle, double bottom, ascending triangle) which are now invalid. Once we had the death cross signaling the start of a new bearish downward trend, I unloaded my shares last week.
In my opinion there was no sense watching my PPS fall daily so I had to let go of the emotional attachment and face the facts unfortunately :(
I still appreciate all of the friends I have made here and will always be available just looking at other investment opportunities at the moment. I will watch from the sidelines and be back once the technicals are looking better.
GLTA
Past runs was speculation, however you have to remember we were near the bottom also, in triple zero range, and I am afraid we will probably fall back to those levels again without any news. If I were to buy today, I would never get into this stock looking at technicals, they are horrible. I am going to take a break from this one for a while, if PPS drops back below .002's maybe into high .001's I will probably consider taking another look.
It seems speculation has now died off and all we are left with is low volume now, this tells me no one is interested in the stock right now. Unless there is news, I am afraid the stock will continue to decline unfortunately. We can run on technicals also, but this is telling me the PPS is falling.
As Warren Buffet would say "Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks."
I will be around if anyone has questions, and will be more than happy to update the chart if I see anything positive.
Good Luck to Everyone!
It's hard to say what crashed the stock from .54 to where we are now. Originally I was quite optimistic on the stock, but it seems more and more that we are running out of steam and without any news from the company things are not looking good long term.
If we get some news I think we can run up and fill the gap back to .10 or higher, but without any news from an already silent company that does not answer emails or phone calls I am afraid we will slowly settle back to the bottom in triple zero range.
GLTY
If you want actual highs and lows you can check here http://www.barchart.com/cheatsheet.php?sym=EVXA it has adjusted for the 500:1 split.
Those trades would not affect the moving averages that much, those were if I remember were "fat finger" entries by MM's.
I would think if they are working together that they would send an email or have something in the software program they use that would send signals internally and not make them visible to the public. Doing it on an L2 screen that is visible to anyone who is buying or selling stocks just does not make sense to me. Just my 2 cents, GLTY
Yes, I was talking to some guys a few weeks ago about that, we were cracking up because one of the members were placing 911 trades back to back, this would not be a logical way for MM's to communicate IMO.
So someone spends 5 or 6 bucks to promote a stock or have some fun by saying MM's are signaling each other? Yeah, I can see that happen actually LOL. I see this pop up all the time, it means nothing IMO. GLTY, like your charts btw!
Anyone can place a 505 or 4999 trade at anytime, the concept that MM's are signaling each other that way is merely an urban myth, I don't believe it. We have modern devices like maybe a telephone, instant messenger, email, etc, LOL c'mon now! Wouldn't that be a more logical and secure way to communicate a trade signal?
EVXA Technical Analysis 07/29
Today's bearish engulfing candle confirms that we are starting a new down trend. We are hitting resistance on the 15 day moving average and will likely see the trend continue down to the bottom BB line around 0.002.
We are also seeing a lot of distribution on the Money Flow chart and very little accumulation lately which is also considered a bearish signal.
As with all my posts, this is my honest opinion and as such you should do your own DD before you make any decisions to buy or sell.
GLTA
Thanks, I agree with you. The long term goal is to fill the gap obviously, short term we are going to see up and down trends along the way, just the way it goes.
If I repeated myself it was not intentional, I think most of the posts were answers to questions and were mostly yesterday.
Also, I never said we would hit the teens today, I said over the next couple days we would pull back to the lower BB band which is near 0.0020 (see post #10624) and possibly we might reach high teens (post #10651). Today ended pretty much spot on for what I was expecting to see.
It seems no one wants to hear when we are going to have a down trend so I will keep it quiet. I can understand but but I thought some would like to know.
Objectivity is overrated :P
GLTY
your always cracking me up LOL.
I will try to update a new one and post it later tonight.
So if I said we were going to be green today and we ended red that would of been OK because I was being positive then? So maybe the weatherman should always say it is going to be sunny even if it is going to rain. I am only trying to help, nothing more, nothing less.
I thought some people would like to know where a good place to add more shares would be.
Please don't take your frustrations out on me. EOM
I only made a total of 2 posts today prior to your first comment. I understand your frustration, but don't take it out on me. There is a difference between being negative and informative. The stock is going to do what is is going to do, with our without my comments.
I removed my sticky posts at the top of the board and will try to update a new chart later if I get time.
I have no motives other than providing information and trying to be helpful. Don't shoot the messenger, I am just giving my opinion of where I see things going I thought everyone would like to know the forecast... rain or shine.
You can probably pick up some cheapies tomorrow, looking to add some more then, should see lower twenties's maybe even upper teens.
GLTY
You need to weigh the short term indicators against long term indicators. From my experience typically you want to use a 1-3 week moving average as your short term indicator and at least a 10 week moving average as your long term indicator.
A death cross occurs when the long term indicator (50 MA below) crosses above the short term indicator. Given each trading week consists of 5 trading sessions you can do the math and use 5, 10 or 15 as your short term indicator and 50 as your long term indicator.
Here is the chart with all 4 indicators I just mentioned, the long term indicator is bold, the most recent death cross occurred yesterday.
Notice how the price went down after each time the 50 MA crossed above, you can draw your own conclusions.
GLTA
thanks my friend.
You are exactly right, thank you!
That is possible, however the Full STO chart tells me that is more likely that this will cross tomorrow and we will start to retrace back to a lower support level.
When the long term moving average crosses above the short term moving average it is known as a death cross. In this case the 50 day moving average crossing above the 15 day moving average, see chart at top of forum.
I don't think I advised anyone to SELL just trying to be honest and give a fair analysis of how the charts were looking after today's close.
GLTA
EVXA Chart Analysis
Short term looks like we may see a pull back to the bottom BB line before we can continue up, here are some observations after today's close.
1. Full STO chart lines have crossed and a SELL signal has been confirmed.
2. The 15 and 50 day moving averages have crossed again, this time signaling what is known as a "death cross". This happens when the long term moving average crosses above the short term moving average.
3. We are hitting resistance and are not able to break above the 13 or 15 day moving averages unfortunately.
My long term position has not changed, and with some news things will change. It is the short term outlook that I am concerned about, we will probably go back to lower .002's without any news, that is what I am seeing after todays close. The bottom BB is now at 0.0002 and we are hitting resistance on the 13 EMA with a Shooting Star candle which signals pull back.
I did not think you were bashing at all, no worries.
Yes we missed the sell signal the last time which snowballed unfortunately. That is why this time around, I wanted to let everyone know in advance what I am seeing. The signals on the Full STO chart plus hitting resistance and the death cross, plus the shooting star candle today are all bearish signals that are difficult to ignore.
Just wanted to give everyone a 'heads up'.
GLTA
Some concerns I have...
Today we are finally seeing some good action and a green day. I wanted to pass along some things that I am seeing on the technical charts that may indicate we are going to see some more red days ahead.
1. Full STO chart lines have crossed and a SELL signal has been confirmed.
2. The 15 and 50 day moving averages have crossed again, this time signaling what is known as a "death cross". This happens when the long term moving average crosses above the short term moving average.
3. We are hitting resistance and are not able to break above the 13 or 15 day moving averages unfortunately.
4. Bearish Shooting Star candle indicating trend reversal and retrace.
Because of this I would be cautious buying at these levels. I think we may see another pull back within the next 2 days to the support lines .002's or lower on the bottom BB. Hopefully I am wrong about this.
GLTA
Barge Hits Well Near Gulf, Sends Oil, Gas Spewing
http://www.npr.org/templates/story/story.php?storyId=128800583
With the preferred stock issued I would not be surprised to see a PR any day now. Good time to load up more shares before news hits, this could be huge.
SERIES E PREFERRED issued yesterday 7/26/2010
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=CnopnzShW%252fmmx95qsFKtEA%253d%253d&CorpName=ENVIROXTRACT,+INC.
Looks like more funding is on the way, we could be popping soon!
http://www.investopedia.com/terms/s/seriesa.asp
GLTA
you are correct, we seem to be holding steady. I was thinking we would be green today judging by yesterday's candle, but as long as we hold support in this range we are doing good. we actually are looking to have a small double bottom on the 0.0023 support line now.
A stock with crazy gains, like 10x or 1000%. 10 bagger would be 10 times original investment.
long enough to have stuck my foot in my mouth on more than 1 occasion. LOL
I agree thats what I expect to see also.
After 500:1 split
52 Week High = 0.5400
13 Week High = 0.0250
4 Week High = 0.0059
52 Week Low = 0.0007
This is backed up by barchart.com
http://barchart.com/cheatsheet.php?sym=EVXA
I think we will hit 0.20 or higher by years end imo. 0.02 is nothing, we will blow past soon, keep your eyes on the gap back to 0.10 and higher.
GLTA
What a ride today, today's candle is looking much better, I like the hammer could be a bullish sign for tomorrow.