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Means I will be observing the board, thats all. I don't think I ever "pumped" the stock without having some basis such as technical indicators, alerts or news. Anyway just taking a break thats all, will still be around and invested in EVXA.
GLTY
I will keep silent from now on, you have a good point. I am trying to help those who do not understand technical approach to investing. I can take a look at indicators and try to forecast where price movement is headed, but alas, I am not always right and sometimes the stock does what it is going to do. I can tell you that we are in a narrow trading channel, and we will see a breakout "most likely" soon. In any case, tired of defending my position and this stock, really wears one down after some time. I will be watching from the sidelines and will post on occasion.
GLTA
I agree 100% they need to keep SH better informed.
Yes I have seen that link, thanks.
Canada has heavy oil sands where EVXA technology can be used http://en.wikipedia.org/wiki/Athabasca_oil_sands
Sure I took a look at the chart for SNGX and it looks like after today's close it has a bearish candle closing below support lines. I would suspect that tomorrow would pull back to the bottom BB line .23's but may close higher. My guess is you will see a range between 0.230 and today's close 0.245, hope this helps.
Today's candle could be considered a Hammer or Spinning Top, both indicate reversal, sitting on support it is a very strong indicator that we should see our next leg up tomorrow. We will need tomorrow's candle to confirm this, but it definitely looks like we are starting our next leg, thanks for the post!
From Stockcharts.com:
The Hammer is a bullish reversal pattern that forms after a decline. In addition to a potential trend reversal, hammers can mark bottoms or support levels. After a decline, hammers signal a bullish revival. The low of the long lower shadow implies that sellers drove prices lower during the session. However, the strong finish indicates that buyers regained their footing to end the session on a strong note. While this may seem enough to act on, hammers require further bullish confirmation. The low of the hammer shows that plenty of sellers remain. Further buying pressure, and preferably on expanding volume, is needed before acting. Such confirmation could come from a gap up or long white candlestick. Hammers are similar to selling climaxes, and heavy volume can serve to reinforce the validity of the reversal.
GLTA
Thanks TallRob0 appreciate it!!! It is impossible to provide 100% accuracy but you can get a good idea of where things are going using technical indicators. I may be off by a few percentage points but looking at indicators you can see where things are going, it's not rocket science. For example, todays indicators and volume show us tomorrow will be the start of our next leg up. How high it will go could depend on many variables, but L2 will usually give us a good short term indication. If we got some huge news release then we could rocket massively.
Here's the post genius http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52026515 from 111:52:13 PM last night.
0.0041 was primary support on the 15 EMA, .0039 was secondary support level which is the 50 MA. Look at todays chart, do you see where support is? The 50 MA! It has been tested and held. Support is based on moving averages and previous support that was tested. We did nothing out of the ordinary today, it is normal and tomorrow will be green, yes I said it, tomorrow will be green!!! One more time tomorrow will be GREEN. We will be breaking .005's and .006's by end of week.
Nuff said.
EVXA - Daily Candlesticks
GLTA
We have reached the bottom of our pullback and todays candle should end up as a doji or spinning top by EOD. This is a reversal signal, we should be going up from here. The rest of the week should be good. Key resistance points are 0.0050, 0.0057 and 0.0068. Watch for these levels to become new support as we continue our next run up.
The high volume today is a good indicator that we are gearing up for breakout, and also shows the strength of the stock. If we begin our next run then we will see higher levels by EOD. We seen some panic sells this morning, nothing unusual we tested support and are holding strong. Now is a good buy.
Actually yesterday I said "after tomorrows close will have a better idea of where we are going. We are holding support @ 0.0039 and need to break resistance @ 0.0047". Nothing suprising happened today, we completed pulling back to support, tested it and have formed a reversal candle. Air or no "Air", charts will always forecast where prices are moving to. It may take two or three days to confirm a pattern, and may not happen as fast as you like, but there is no doubt that technical indicators tell you which way price movement will ultimately end up.
Not much to update today, previous statements still stand, after tomorrows close will have a better idea of where we are going. We are holding support @ 0.0039 and need to break resistance @ 0.0047.
Agree 100%, your observations are correct. I will try to get some time this evening to update the chart, still away on vacation but will be back later tonight.
Thanks Herbert, I couldn't agree more, we are in a tight trading channel right now, breakout could happen any day, the lucky ones will be holding their shares.
Yes this is correct information, they purchased red bag technology http://www.redbag.com and secured the license from Extractive Technologies here are the press releases.
http://www.globenewswire.com/newsroom/news.html?d=182576
http://www.globenewswire.com/news.html?d=183174
I doubt it we are holding support at 0.0041 and may go as low as 0.0039 but it wont last. We will be breaking 0.0048 in the next day or two then 0.0053 then 0.0068 as volume picks up later this week.
yep, I will update the technical chart after close tonight. We are still holding our support, in an uptrend experiencing a small volume pullback to support. This is all normal and healthy for a stock. By end of week we will be in 6's, 7's or even higher imo.
I say let the impatient, panic and day flippers sell their shares. This shows inexperience and they will regret and be back next week bashing because they lost out on the gains we will see this week. Our volume is very light and this is nothing to be concerned about. We are holding support well. It will be a very good end of week for those who are patient, believe that.
Its amateur hour, patience we finding support on the 15 EMA around .0046 with secondary support on 50 MA around .0040. Today looks like a small pull back to support, tomorrow should be green. Ignore the bashers they don't know anything and have some misguided agenda, either sold too soon, or don't have the patience to wait for the stock to run up. We are ready for breakout, stock will run, just a matter of time, this is not a day trade flipper's stock. It is not running on news, it is running on technicals. Once news does hit this stock will soar, but we never put technicals on back burner, they are always important even with news.
I couldn't of said this better myself...
"Enviroxtract, Inc (OTC:EVXA) - the 50 day avg is starting to curl upwards, which could indicate a bounce of this support and move back above the .006 to .007 range. Look for increase in volume and close above 10 day at .005 for possible move next week. - Highly Active"
Good DD Yooo!
Yes I agree, there has been a lot of accumulation in EVXA which means more investors are hanging on to their shares. Volume slowed down progressively after each run which is a good sign that we are ready to take off. I expect Tuesday will be a good day for us and we are on the verge of a massive run up.
Yes, the positioning not alphabetic so it is probably in order or preference of the Newsletter sender. From a technical point, I would place EVXA in front of MOPN or BUGS so the order makes sense to me.
Thanks Yooo good information! I notice EVXA is listed ahead of BUGS and MOPN probably because it has grater potential for gains. :) Nice find!
I would not be surprised to see 0.25 by September or October.
Where did you find this news? A link would be helpful.
It will move, just be patient. these types of breakouts require nerves of steel and a ton of patience, it will happen, may be a day, may be a week.
Low volume is generally considered by many breakout traders to be the "calm before the storm" this is actually a good sign that we are on the verge of a massive breakout. Look at the volume on our green days 6/11 then see how it tapers off to 6/17 during the pullback. The same thing happened 6/18 tapers off to 6/24 on the pullback and 6/25 tapering off to 7/2. Each new run up has smaller volume and each pull back has smaller volume still. Resistance is remaining around the same levels while support is continuing to rise forming our Ascending Triangle Pattern. This means accumulation while fewer and fewer investors are selling. My guess is a lot of investors have their eye on this stock and when it starts to move they will start chasing it to new highs.
Hi everyone, thought I would pop on real quick, hows your weekend going?
BREAKING NEWS!!! EVXA upgraded to BUY rating http://www.barchart.com/quotes/stocks/EVXA
thats me bold and zesty ... LOL by years end I easily see that looking at charts, assuming also there will be some positive catalyst along the way like news, contracts of course.
I think we will see .30-.40 by the end of the year.
I say spread the word, why not?
That chart does not adjust for the 1:500 split in May. Actually the 52 week high is 0.5400 which is nothing to sneeze at. Even if we hit the 13 week high of 0.3500 it will be huge gains.
Very possible.
Nice job with your analysis. I think we will definitely break resistance levels in .006's tomorrow. If we close above that we are in breakout mode for sure and Monday should be even bigger. Our 4 week high is 0.0068, it would not surprise me if we closed above this tomorrow. Next week penny land looks very promising.
The low volume we are seeing is a good sign, it is actually considered by many breakout traders to be "the calm before the storm". When stocks trade in a narrow channel like EVXA and see volume falling off there is a huge potential for the PPS to explode.
Friday and Monday could be huge and new investors will be chasing this stock into penny land.
GLTA
Have a few minutes tonight, checking in. We should see good volume tomorrow, stock is ready to run.
One more technical note before I go...
Today's candle is forming a bullish Hammer on support, this is a very strong signal! The Hammer pattern signifies a weakening in bearish sentiment. The long lower wick signifies an initial continuation of the downtrend. However, renewed buying sentiment acts as support and drives the price higher to close near its opening price.
The strength of a Hammer formation depends on where it appears. If a hammer forms near support levels, then the likelihood of a strong bullish reversal is high!!! This means we should be going up from here and tomorrow should be very green for us!
I will be in and out tomorrow, but we should see some early fireworks...enjoy your 4th!!!
Reference
http://www.fxwords.com/b/bullish-hammer-candlestick.html
GLTA
OK everyone, heading out for a long weekend, enjoy today and tomorrow green fields, looks to break to new highs!!! have a good holiday and watch out for those sneaky basher poking there heads in here, ignore what they say and stick to fundamentals, your patience will be rewarded!!!
HAPPY 4TH OF JULY!!!!
AND... GLTA
You're welcome, been trading since the mid 90's done penny stocks off and on but mainly blue chip swing trades holding from a few days to a few months usually depending on technical patterns.