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.
Today's candle looks like a Gravestone Doji. We still have some strength on our Full STO and TRIX charts but Volume is still low. All of this suggests to me that Monday will be a bearish day.
Doji Patterns
The Tombstone and Dragonfly Doji patterns are considered strong indicators of an impending reversal. They consist of a single horizontal line, indicating that the opening and closing prices were the same, attached to a single long wick in either the positive or negative direction. A Gravestone Doji suggests that the bulls attempted to drive the price up during the day, but lost all of their gains by the close. This strongly suggests that the next move will be downwards and is thus a bearish signal. A Dragonfly Doji has the opposite, bullish, interpretation.
Ref
http://www.candlestickgenius.com/candlestick-patterns-top-5.html
GLTA
Charts are looking GREAT everyone! We broke key resistance on the 13 EMA today @ 0.0035, if we can hold this and find support there our trend should continue up next week back into 5's and 6's. If we cross the Parabolic SAR @ 0.0049 that would be a strong bullish signal and we can expect to see another breakout!
GLTA
I don't think anyone will who lived thru it will ever forget it, but the 911 references have nothing to do with September 11th as I stated previously. Thats kind of like being called a racist because you do not like the job Obama is doing, its taken way out of context.
Looking good, we need to break above the 13 EMA which is around 0.0034 and find support there. Right now it is acting as resistance.
Back in the days of old rotary phones, the North American Numbering Plan Association determined that 911 was the easier number to dial on purpose, while still being hard to dial on accident.
When you wanted to make an emergency call, you had to rotate the 9 all the way to the end of the rotor and then let it return to the start. The 1-1 was easy because you didn't have to take as much time rotating the dial and letting return to it's original position.
When they designed this system, they also identified that N11 (211-911) would be used as the "generic" service codes to be used by all telephone companies, making the system easier to use.
That is the reason that, in most areas, you can dial 411 to get Directory Assistance.
Here is a list of the N11 "standard" codes. Not all codes may be used in your area, but many of them probably are.
http://www.nanpa.com/number_resource_info/n11_codes.html
Hope this helps...
Repost from AnswerBag
http://www.answerbag.com/q_view/31002
911 means emergency and has nothing to do with September 11th.
Thanks Siforus you get the credit :P
yoda - I think drugtester is spot on with this.
Solid Close!!! Spinning Top at SUPPORT!!! Very Bullish!!! Volume UP!!! We are GREEN Tomorrow!!!
If news was coming I would expect it to be released after close.
Here is a link on MM signals
http://stocktraderschat.com/tradingforum/general-discussion/1336-mm-signals.html
For what its worth...
Speculation, investors get in while the price is low before news hits such as the storm develops into a full blown hurricane, there could also be a PR in the works.
Once they release a PR its BOOM! Now that hurricane season is upon us I would not be surprised to see a PR very soon!
I feel bad getting excited about a hurricane lol!
I think you are on to something Yooo!
Something bigger is going on, volume is really moving now.
I couldn't agree more! :)
Volume is picking up like crazy!!! If we close above 0.0035 we are back on track, above resistance and looking good.
Hiya Amee! :P
Here we go.. 0.0034 - 0.0035 up
Let's hope so, that stock you mention really bugs me LOL.
Yep, I have said that many times, MM's are in control until volume picks up. We may be able to bump pps temporarily but ultimately it will go where MM's want it to go.
ha ha ha, too bad it only works when the MM moves off the ask. :) looks like they want this to go up today.
okay there we go, 5,000 @ 0.0030 LOL! This is fun, amazing what you can do on low volume days!
okay, I couldn't resist, theres my 5,000 shares putting us back at 0.0029 on Level II lol!
Plus you have that extra 5,000 shares you picked up yesterday at the low low price of under $20 :P
Today's candle is a Black Shooting Star which is a bearish signal, meaning we could once again pull back to support lines. The Full STO and Trix lines have crossed and are up ticking which is considered a bullish signal. Additionally RSI and Williams charts still show over sold. Also there is really no accumulation going on right now, Accum / Dist chart indicates we are just seeing day traders flip the stock right now.
So using these indicators I would say there is a good chance we will close flat or green tomorrow, however my gut tells me we will see red, lets hope I am wrong.
For the last 2 weeks volume has been low and MM's have basically been in control so it is difficult to come to any hard conclusions. Once active traders move back in and accumulation picks back up we can more accurately read technical indicators to determine where we are heading.
GLTY
I sure do, proves my point, you moved the price from 0.0023 to 0.0029 with less than $20! LOL
Take a look at this article http://www.thehotpennystocks.com/Learn-To-Trade/market-makers.aspx especially the section called "What is the Ax".
lol, thanks, I think I have a new signature now :)
I think that would only be true if MM's knew in advance if a company was going to release a PR. Not sure if that would be legal, but then again we are in pinky land.
I know, the point I was trying to make is the MM's are manipulating the pps with such low volume it is bouncing all over the place.
Come September / October in my opinion we will be trading back in .10 plus range. Uh ooh, I think I needed a disclaimer... :)
Disclaimer
"The views expressed are that of k_trader alone and do not constitute actual trading advice. If you need formal trading advice on the purchase or sale of a particular security, please consult a professional broker."
GLTA
lol could be...
Funny thing is all it would take is a $14.50 order at the ask to put us back (plus commission).
5,000 @ 0.0029 LOL.
Thanks much appreciated!
I admit I missed the sell signal on May 12th so if you are counting from there, maybe a hand and some toes. Cannot be 100% right all the time, if so I would be sitting on an island somewhere sipping mojitos LOL.
"It takes 20 years to build a reputation and five minutes to ruin it. - Warren Buffett"
Ain't that the truth... LOL
GLTA
Day traders and MM's keep pushing it back down, without any PR looks like we are DOA, you may just be right.
Yes that is true, I am kicking myself for not seeing the sell signals last week on the Full STO chart, and the fact that we crossed the 5 EMA support line and was hitting resistance should of been a couple of red flags for me. I guess it just makes me human LOL.
Anyway I feel great things are ahead also.