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Thank you man...from one old schooler to another...it's all good!!!
Go $SIRC!!
You be old school subslover...love this song!!
Go $SIRC!!
Yes BarefootCash I did...The reason is if you look at a Weekly chart, SIRC had an inside week last week. Meaning the low/high of last week fit inside of the low/high of the week before. Inside candles/bars often foreshadow a stock pausing or even reversing.
As I mentioned before a perfect example of this was on SIRC's daily chart of Monday, Jan 25th. That was an inside day and right after that price retreated for a week.
Notice another inside day that occurred on Jan 15th for SIRC that helped to reverse the short term downward trend just before we exploded back up again.
If we can just take out last Monday's high at .74 we would negate the inside week price action and be back to the races heading into new highs.
Inside bar patterns outcomes are not set in stone. Be sure to do your own research on them but I have found them very helpful in my trading/investing.
Hope that helps!
RightStuff..welcome to the board! Here is a quote from a famous trader that a lot of us who were here before the stock took off are trying to adhere to. The quote also is posted up with the Buck Board Members-Long Term Holders listed at the top of this board. The idea is not easy to stick with but may just change your financial life...good luck!
“Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money."
-Reminiscences of a Stock Operator-
Ha! Yes...if it were a painting it would be a Picasso...lol.
Notice too we gapped up (again) this morning between yesterday's close and today's low and they were not able to fill it....Also notice we are just hanging out right near Friday's high from 1/22 and not backing off...just a matter of when we take out that high...Negating the Weekly inside bar from this past week is a big deal if we can do that...
Nice big gap opening!! Will see if they feel the need to fill it in or just keep on truckin...
Good morning ErnieDog! Nothing that complicated...to "take out" is just that...we need to trade higher than .748 in this instance for us to take out the old high. I do look a lot at volume but not concerned with it in this situation. Inside bars can foreshadow a pause or even change in trend direction. A perfect example is what recently happened to us on the daily chart of SIRC. Monday, Jan 25th was an inside daily bar. The high/low fit inside the range of Friday 1/22. Right after that price retreated. We will see what happens this week but yes would like to see new highs soon to negate the inside weekly bar...hope that helps.
Bahahahaha...you and me both...lol!!
Go $SIRC!!!!
Like everyone here I am anticipating a great week for SIRC with news/PR expected from Massey later in the week. The fact that this past Thursday we turned the recent retracement around on a dime at the 61.8% fib line and also bounced off the 250 Weekly EMA (essentially testing the big breakout of the week before) was extremely bullish. Thursday low at .386 was very important and should hold.
My one and only concern was that we had an inside bar on the weekly chart. I want to see new highs taken out sooner rather than later. The worse I see us doing is consolidating between the high at .748 and the recent low at .386. If we take out the high quickly the inside bar is negated and we are off to the races once again.
Great question but afraid there is no great answer. It's really just a mean reversion with price finding its way back to the line. For the mighty monthly 250 EMA the timeline honestly could be quite large...but knowing what we know about this company I'm betting it will happen sooner rather than later...
Funny...I've had my mind on the $4.50 area as well. That's right around where the Monthly 250 EMA comes in at...will see if it becomes reality. It will probably be a bumpy road getting there but it absolutely could happen... $4.50 baby!
Hi Tadcoll...fortunately they did not retire 500,000 shares back in August 2019. That's because they retired 500,000,000 shares back in August 2019!!!! Three more zeros, lol! SIRC To Retire 500,000,000 Shares
"The Company wishes to make it clear that we are committed to ensuring public & private investors that not only are we not increasing the number of Authorized shares, but we are actually reducing number of Authorized shares by 500,000,000...."
Our OS (Outstanding Shares), which I really focus on is standing steady at 138,674,132 shares!
It is few and far between when you find an OTC pink retiring shares. This company is outstanding!
GO SIRC !!!
There is a flat shelf in the area of .605 that they will need to take out before the close or Monday morning. In other words they will be taking out today's high soon enough...They won't let that area sit there.
2nd that...you all have brought me so much inside input into this company that does not come out in TA. Exceptional board here!!
Thank you!!!
Is it realistic in the realm of things? Yes...not out of the question. With all the crazy things going on in the stock market anything is possible...especially on a Friday when people tend to be in a good mood. From a TA point of view I would especially like it so as not to have a Weekly inside bar.
Dare I say it boys but looks like we have found a bottom to the recent decline.
Yesterday bounced off the 61.8% and 50% fib lines.
Yesterday bounced off the 20 EMA
Yesterday bounced off the Weekly 250 EMA
Today above the 10 EMA
Today we filled in yesterday's opening down gap.
Today's volume is low....just look at the two days after the 1/14 sell off...very light volume then as well.
I like what I see today and had to buy some more.
Good sign we have taken out the day before's high. First time that has happened all week! That's the first thing it must do in order to go up...
Thank you man...love how so many people bring different things to this board...so appreciate it!!
Notice on ALPP that it too has bounced off the 20 EMA from time to time, much like we did today in SIRC. It also has comparable shares outstanding to SIRC as well. We can only hope SIRC gets to $4.00 plus...We need to get up-listed to the QB like ALPP to make that happen. We do that and we are off and running IMHO!
On the plus side they will be gunning to fill this morning's gap at some point between yesterday's close at .539 and today's high at .515. It will get closed...much like the flat area that occurred 2-3 weeks ago that had to be breached at .295.
Just being prepared incase..... below .381 if it does not hold is major support at the big gap between .3245--.3050. Traders may attempt to fill it...but let's hope it holds right here at .381. Also .381 just so happens also to be the important 20 day EMA.
It is my strong feeling as long as you are in this for the long haul we are gonna be just fine. This is the OTC baby!! If you can't take the heat then yada yada...etc....
Just my opinion...do your own research.
Next big support is at the 61.8% Fib at 0.381.
This is when knowing what you own is REALLY important. What OTC CEO is willing and welcome to talking in person to his shareholders like Mr. Massey? Also think about all that SIRC has going for it that Mercutos so nicely listed out for us.
Just have to shake my head seeing it get beat-up like this as most of us on this board know what we own here...I knew our climb was a little too easy and here comes our volatility....
Again from Mercutos:
$SIRC Audit completion and compliance as well as OTCQB uplist news is going to push this over $1. Think about it.
Real solar company with real sales.
End to end sale from first phone call to final install all done inhouse and not subbed out.
Tesla Solar Roof and Powerwall certified installer.
Sunpower marketing supporting financing and sales leads.
Growth by acquisition at a run rate of 100%/year.
EV exposure with supply contract with Solectrac.
JV possibility for EV from recent company tweet.
Major contract wins/partner ships with large home builders.
Expansion neighboring states, Arizona, New Mexico...
This wont be under a $1. for long.
QB listing opens up $SIRC to larger institutional investors and non dilutive financing packages.
This stock you own not trade
Great news ErnieDog...Mr. Massey's openness tells us a lot!!!
Little gap down on the open. The low so far bounced off the 10 EMA and looks like they will try to close this morning's gap down. Notice how often stocks in general will open in the morning in one direction on a head fake and then stop and reverse and go in the opposite direction the rest of the day. Will see how that works out today....incase we need it the next big support is at .381 but let's hope not. Hopefully it hangs in there and we get an inside day.
You are very welcome guys...analyzing charts, especially when I have a lot of money on the line, is a passion. Mr. muse I have pretty much learned from the school of hard knocks looking at thousands of hours of charts. Look for any book that looks at chart patterns and price action and steer away from indicators in general. I do like EMA's for dynamic support and resistance however...
Yes sir...one thing I forgot to mention about was not only was it a perfect 50% Fib retracement yesterday, it also bounced right off the weekly 250 EMA. Perfect confluence from two completely different indicators...just what you want to see.
Essentially what we did yesterday from a TA point of view was go down and test the massive breakout point from the week before. As long as we hold yesterday's low we will consolidate (maybe an inside day today) and build price structure leading up into another new set of highs. Hopefully the catalyst is news soon of an up-listing. For now though we just have to be patient and let it play out.
Perfect 50% fib retracement today:
Nice bounce today...likely we have an inside day tomorrow before we start heading back up again to the recent high at 0.748. Just a logical guess. Of course if news should come out anything could happen.
If you take Friday's high value down to today's low, you extend out to
fib extension 161.8% at 0.933 and then farther up out to the fib extension 261.8% at 1.2308. Would be nice!
Will see how it plays out but I like what I see for higher prices.
Just my opinion...You do your own research.
Guys...we had theee most perfect bounce off the 50% fib support today. Whether its after Biden's speech today or sometime tomorrow or the next day or the next day etc. we are going higher IMHO...much higher! Enjoy the ride!!
Sometime after the close today will post where the newest Fib extensions point to using the new high/low off this most recent retracement...
If we do manage to keep today's current low in place this is a VERY healthy retracement. PERFECT 50% retracement off last weeks huge run up. Honestly having this nice sell off tells me this stock has legs. The trend up will last...trends have to have give and take. Stocks that go straight up often have popcorn endings....right back down again. That's not what I am seeing with SIRC...buy your popcorn somewhere else..this babies got legs...lol
Jay8ird...I had no problem buying on my Schwab account a few minutes ago...someone else was on the board who also had the same difficulty as you the other day. Not sure what the issue is...Schwab works perfectly for me.
Okay...so it went exactly down to the next Fib line 50% at .45 and bounced right off...5 min RSI is way oversold...filled Friday's gap. I am scrambling around for quarters in the cracks of the sofa cushions to buy more here.
If you have been waiting to get into SIRC or have been looking for a place to add to your position today is the day for you. I like the .52-.4850 area. Just my opinion...do your own thing.
Actually no...Monday's low 1/25 was .63 and yesterday's low, Tuesday was .605 so no inside bar yesterday. But we are definitely inside Friday's bar still however.
Looking for consolidation here or a retracement. We are sitting on some support right now...if that gets taken out next real support is the .52 area which is the 38.2% fib line off the current big move up.
If nothing changes today, on the daily chart, we will have an inside day, inside of an inside day. In other words tight tight range...extremely low volatility. An inside days inside of another inside day often lead to explosions in volatility....like a PR release the next day perhaps.
Will just have to see if we can stay above yesterday's low. It's still inside the pennant I mentioned yesterday on the 20 minute chart...
Can't say I've seen that movie but will have to check it out!! All I know is we have had a remarkably smooth ride with the exception of Jan 14th. Just bracing myself for what's to come...
Real curious about today's open. Will price gap up through the intraday pennant from yesterday and burst into new highs again? I really would like to see last Friday's high taken out... Will know soon enough!
Good morning AgeOfReason...I like your intention! You did your research... you know the risks...you can see the potential huge rewards longer term for SIRC and you are going to simply sit on your hands and let it play out for a year or more. Just the opposite of many that do no research, don't know what they have and jump in and out frantically.
Clearly we are going to get into some serious volatility here at some point...much like we did on Jan 14th. Also huge morning opening gaps up and some down I would imagine as news comes down the pipeline. Having a solid plan for those type of days makes all the difference. Glad to have you here!!
Hi Mercutos...it was pretty obvious we had traders/investors taking profits this past Friday forming that giant daily candle wick at the top. I'll bet a lot of them instantly regretted doing that when it gapped up again on this morning's open.
If anyone has jumped out of SIRC lately to take some profits with the plan to get back in on a dip...they are a Nervous Nellie right now. Like you said Mercutos more news is coming down the pipeline and any day we could open with a huge explosion up.
Just my opinion...
Hi carp302...of course no one really knows. I do know if it should go down, today's little gap and most definitely Friday's gap would be a place of support. But whether or not it goes down and fills them is anyone's guess.
Looks like we are going to close with an inside day on the daily chart. Normally that might give price a pause or even reverse for a bit but the fact that it is doing it way at the top of Friday's range make me optimistic we may keep going up right off the bat on the open tomorrow but as always...just an educated guess.