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Thanks for the kind words they are greatly appreciated!
Good luck to you as well, hear Germany is nice this time of year.
Regards.
The stock will do what it's gonna do regardless of any posts on this board. Technical indicators will give us a very good idea of where it is headed. For example we seen this dip coming yesterday. It was anticipated that the stock would pull back to support and it has, there are no surprises here, just dd.
I am not sure what the connection is, if any. It seems they come up with EVXA on some boards, not sure why however.
Technical forecast looks good
We have been in a full reversal since our double bottom play was confirmed on the 8th, and we crossed the Parabolic SAR on the 10th. This is not just a one or two day event, these signals tell us the price will correct, and gaps will be filled.
It is normal to see the stock run up, then retrace with higher high's and higher low's on each dip. This is a good time to add more positions. In my opinion by July we hit .04's or higher, and by August we hit .10's or higher. On news or contracts the sky is the limit I think, just my opinion.
GLTA
I agree, news and contracts aside, technical indicators are very strong and tell us the stock is in a full reversal now. Wasn't there someone saying we wouldn't reach .004? lol, makes me smile, the chart's don't lie.
Thanks now I have that Wayne Newton song stuck in my head :) LOL
Found the link, it is in this PDF press release
http://www.petrodorado.com/news/2010-06-09.pdf
I hear that, we should plan a party! :)
wow, how many shares do you have now? must be huge!
Yes it is pretty silly, and predictable actually that is how we use charts to forecast panic and greed in the market ;).
I think we have seen our low for the day @ .0035 and do not see the price going much higher than our open unless we get some news. I expect the price to test support again tomorrow and possibly dip below but close above support @ .0035. I am optimistic by Friday we will be green again and starting our next leg up on the run.
GLTA
nice! I see there are a lot of short sellers on the board today. :)
Yes, we expected a pull back today, nothing new, I mentioned that yesterday. See the updated chart if you have more questions.
As I told you before, this is not "bearish meeting lines" it is a "shooting star" pattern, please educate yourself, or at the very least read the links I provided you with.
it won't go lower than todays support .0035 see today's chart imo.
looks like we have support @ .0035
We should dip back to support before the next leg up begins, I am looking to add some more positions as well.
yes in both cases open and close are the same, however what happens during the course of the day and the fact the price gapped up are important to the candle formation.
look at this post, explains it all.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51294044
I am not going to pointlessly argue with you, someone who buys a stock is called an INVESTOR these people hold a stock and sell it to make a PROFIT.. u get this now? When investors sell a stock to take profits it brings the price down that is known as a pullback. Ok, do you understand this?
who do you think is selling then? those who have invested in the stock, make sense?
Read this:
http://www.investopedia.com/terms/l/low_volume_pullback.asp
Yes, todays candle is a shooting star, and not meeting lines. The www.americanbulls.com link is not correct. I could pick it apart but not necessary, here is the correct explanation:
Shooting star:
• In an uptrend, the first day is a long blue candle continuing the established bull trend.
• The second day is a candle (red or blue) with a real body at the lower end, a long upper wick and no (or almost no) lower wick.
http://www.fxwords.com/b/bearish-shooting-star-candlestick.html
Meeting lines:
• Day-one is long blue day
• Day-two is long red day
• Both days close at the same price
http://www.fxwords.com/b/bearish-meeting-lines-candlestick.html
In both cases the market should be characterized by an uptrend. And both cases are bearish signals.
Actually today's pattern is a Shooting Star and not Meeting Lines see:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51293096
See also:
http://www.hotcandlestick.com/directory/Bearish%20Shooting%20Star.htm
GTLA
EVXA Technical Analysis 06-15-2-10
Hi Everyone! I updated the EVXA chart with a few comments about todays close in red. We have seen a nice run up with great gains over the past view days. Now we are starting to see some investors step in and take profits.
This is normal and nothing to be concerned with.
Today's candle is known as a Shooting Star which is a single day pattern that can appear in an uptrend. It opens higher, trades much higher, then closes near its open. It looks just like the Inverted Hammer except that it is bearish.
Because of this signal I would expect a small volume pull back on EVXA for the next day or two back to support levels. I see support between .0035 and .0041. Finding support there should indicate our next leg up to break resistance levels around .0067.
EVXA - Daily Candlesticks
GLTA!
yes, I will be adding to my positions as well on the next dip, good buying opportunity.
I don't think we will go much lower than 0.0041 possibly .0035 on a low volume pull back. If we have news or additional buyer interest tomorrow we will continue our run up imo.
Yes, you are correct a Doji indicates the open and close price are virtually equal.
See:
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:introduction_to_candlesticks#doji
Today's candle is more closer to what is known as a Shooting Star however the upper tail is not very long so it that strong of an indicator. The longer the tail the stronger the signal is.
See:
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:introduction_to_candlesticks#inverted_hammer_and_
We seem to be hitting resistance on the 20 EMA which is at .0067 and finding support between 0.0035 and 0.0041.
I would not be surprised to see a low volume pull back to support over the next day or two before our next leg up, but do not anticipate the price going lower than 0.0035.
If tomorrow closes higher then this signal is no longer valid and can be ignored. If tomorrow closes lower then it confirms the signal and we most likely will see a small pull back.
you have a point there.
Not sure, I am just guessing at the connection, I have seen these guys create template documents that they cut and paste into it would be interesting to see what the connection is.
The guys that write this stuff put out a lot of news, it is possible they cut-n-pasted and forgot to edit the ticker or name. Not saying that is what happened just guessing.
I think it is a typo.
I will update chart tonight, at first glance I am thinking it will pull back to the 5 MA or 10 EMA between .003 and .0035 most likely and then the next leg up. We will have to wait for tomorrow as confirmation of this, however today's candle appears to be a shooting star which is bearish signal.
http://stockcharts.com/help/doku.php?id=chart_school:chart_analysis:candlestick_pattern#shootingstar
The stock is very strong, many things say huge run ahead. Chart shows we will probably see a small pull back to support now as flipper investors take profits. I plan to pick up more there and ride up the next leg, if any of this news is confirmed it is going to be HUGE.
Are you sure that's not a typo? it doesn't make sense, either the "name" or "ticker" symbol looks wrong to me.
"ONGC Videsh , the overseas investment arm of ONGC, has farmed out 30 per cent participating interest in CPO-5 block of Colombia to Petrodorado Energy (OOTC:EVXA) Ltd." maybe it should read Petrodorado Energy (TSXV-PDQ) Ltd. ?
See this PR shows Petrodorado Energy Ltd. as (TSXV-PDQ).
http://petrodorado.com/news/2010-04-28.pdf
New news on Yahoo! finance shows
"The Company plans to implement an aggressive schedule of testing its proprietary thermal process for extraction of various hazardous and toxic materials from soil samples. The Environmental Protection Agency (EPA) maintains a Toxic Release Inventory of 581 individually listed chemicals and 30 chemical categories, which require removal and mitigation under federal regulations.
Independent third-party analysis and verification will measure the effectiveness of the EVXA thermal process in removing many of these toxic chemicals from soil samples. The Company will explore additional environmental remediation applications and relevant business opportunities to enhance its business model."
This means they could be a contender for BP oil spill clean up, EVXA is ready for a strong run here!
http://finance.yahoo.com/news/Stock-Alert-for-EnviroXtract-pz-1379160301.html?x=0&.v=1
I was looking at the weekly chart and I think it is very possible to see the price correct back to those levels.
restored it, all of the question marks looked off topic at first, sorry bout that.
very unlikely it has hit the low for the day, intraday chart looks good, should close up from open - green.
StockCharts.com is a good place to start, they have a chart school that is very informative, best part it's free.
http://stockcharts.com/school/doku.php?id=chart_school
Also, this is a very good book.
http://www.google.com/products/catalog?q=using+technical+analysis&hl=en&cid=16748625040136889752&ei=9WEWTNuyFoTa2QSGx9z2BQ&sa=title&ved=0CCYQ8wIwBTgA#p
We are running on technicals now with no paid pumping or promotions. The stock has bottomed and is in a full trend reversal. Prospective investors see it now as undervalued and are picking up shares driving the price higher. EVXA is now on radar, and old news is getting recycled as newsletters and anaylists are picking up on it because the technicals are so good. We might see some light volume retracement back to support lines which is normal and a good place to add to your position.
They are a service provider, they do not need a warehouse to house goods. The company is run from a home office, nothing unusual about that for pinks. Also they acquired red bag technology in January http://www.redbag.com press release "EnviroXtract, Inc. Announces Acquisition of a Technology License for Biomedical `Red Bag` Waste Incineration and Remediation GlobeNewswire(Mon, Jan 25)" this is a very legitimate company.