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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.
You are quite welcome AgeOfReason...I hear ya...even after doing research it does take a leap of faith jumping into the OTC pinks with real money.
Of course anything can happen but I think it will be money well invested as long as you are in for longer term...expect plenty of volatility.
Best of luck!
Okay...glad you got it worked out...
What are you talking about?? That is OLD news, the company is up to date now and I'm having no problem buying shares this morning in my Schwab account.
SMASH baby!!!!!
Hidden Smash Day Pattern...but to know for sure we need to take out Friday's high...hold tight!
“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-
Important day here for AVCO...can we push higher after just closing above the 50 day EMA?? A gap up opening would be ideal..will see.
You are very welcome BarefootCrab...there is an exceptional crowd here for sure that bring a lot to this board!
Strap on your seatbelt as this is bound to be one hell of a ride!!
Go $SIRC !!
You are welcome LIVNCHILL... Yes...we should know pretty soon if they can keep Friday's gap open or not. Would love to see the Smash pattern take off!! Either we are off to the races again or they fill the gap and then it's my bet we would pause for another consolidation period.
No matter what...I am sitting on my hands and not touching a thing. This is a long term hold for me as I have stated before...
Go $SIRC
Good morning AgeOfReason and welcome to the board...
That is a fair observation/criticism of management. They are doing a great job of growing the business with the big exception for timely financials. Not having up listed yet is one of the main reasons you can buy this company under $1.00 at this moment. For me personally I am grateful for them being so slow as I only discovered this little giant 2 days before it started taking off. Many on this board however have been here for over a year.
Management has done a lot of smart things. For me when I saw they had been buying back / retiring their outstanding shares over the last two years told me their true intentions. OTC pinks are few and far between that retire their own shares and can only mean they have big goals for their company.
They have also upgraded their website and hired a bigger more professional Investor Relations company recently. It is my belief and many of the big investors here on this board that up-listing will be right around the corner...
Good luck to you on whatever you decide to do here....
Ha! Yes ErnieDog...the Sunday chart sermon..lol.
Hmmm...I have my close off of TD Ameritrade right at .60. Should not matter too much. I am really at a toss up if we take a breather and consolidate right at this level or if we gap open and take off again. Actually would not be shocked if we see and inside day for Monday. Lower high, higher low compared to Friday's high/low. Sometimes I have strong convictions off of what I see....but for Monday I don't and will just wait for it to play out. Would be fantastic if price can stay above Friday's low and keeps the gap open. No matter what happens, I am long term very bullish....
Chart Observations From Last Weeks Price Action:
Was asked to do some chart analysis so here we go...
One thing to keep in mind is that no one, chart technician or fundamentalist, knows for sure what a stock is going to do on any one day. The best one can do is look for likely places for support and resistance, look for recurring patterns/price action and analyze the volume and the trend and put it all together into a likely scenario.
Generally less indicators are better but I do use them depending on what is going on. Fibonacci comes in handy right now as we had an important high and then the panic sell off low and now a new high...three distinct points that bode well for Fibs. I know others on this board use RSI, B bands, Stochastics, Keltner Channels, etc, etc. All good but I like to use simple naked price action with Exponential Moving Averages to find dynamic support and resistance. Looking at volume of course is very important too along with price.
Hourly chart to find likely support areas:
Daily Chart - Friday was a "Hidden Smash Pattern Day".
I have seen a lot of these Smash patterns work out nicely. The key is not to go below Friday's low for the pattern to stay in place as I mention on the chart:
Weekly chart. So where are we going?
That's the multimillion dollar question for some of us here but anyone's guess. My broad guess is somewhere between 90 cents and $4.50 and if you wait around long enough much higher. Again...just a guess.
Will just say if we do continue higher...we will probably get a lot of volatility. Sometimes the best thing you can do is do nothing. As long as you are in it for the long haul just let it play out.
These are just my opinions and anything could happen. Do your own due diligence before trading and good luck!
Go $SIRC
Will do Mr. LIVNCHILL...but have a paint brush in hand redoing a bedroom right now. Will get it out before Sunday night for sure. Glad you like the analysis of the charts and frankly they also help me see things clearly doing a deeper dive technically... I know for sure there is one thing I want to discuss on what happened Friday...
I sincerely wish you the best uksausage in whatever you decide to do with SIRC. We all have to follow our own way of investing/trading and no one way is necessary the best for all stocks/commodities/futures etc...
HA HA!...lol LIVNCHILL!! Some how I missed your post from yesterday!
"It's like when you were a teen about to have sex with a girl for the first time .... "don't touch it, don't move ..... don't do a thing right now. Thinking about grandmas and baseball.""
Thanks for the good early morning laugh!! but then again I wouldn't know as I am a virgin...Bahahahahahaha!!
GO $SIRC
We closed over the 50 EMA today!! It's a start!!
Have a great weekend!!
Yes Mercutos...it's a beautiful quote for all of us here on this board...again here:
“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-
Have a great a great weekend all!!
Mr. uksausage...i'm sorry you baled out early. I'm not sure why you would still hang around the board after selling.
What do you mean "still have no real way of making a profit"?? Are you saying service companies can't make much money? Tell that to the 73% of companies in America that are in the service sector. Tell that to Amazon...they took 14 years btw to turn a profit. You must look way beyond the current profit and loss balance sheets with OTC companies. Does SIRC have a great service they offer in a hot industry? Yes. Does SIRC have a reasonably good management in place? Yes. Does SIRC have good share structure? Yes. Does SIRC communicate with their shareholders? Yes. Has SIRC started to grow revenues? Yes. In other words does SIRC have great potential...HELL YES!!
You must learn to recognize the difference between a typical POS OTC company, which there are thousands, and the few gems that are out there like SIRC. SIRC is going places...up IMHO.
Yes Splendid88...40 million shares. In order for them to retire shares, the company first had to buy back the shares and then cancel them. 20 million in Sept 2019 and then 20 million in Sept 2020.
Ha! Thank you..just been looking at charts a long time and still learning.
As far as SIRC I really like what I see. Yes we are up big but it is not crazy /frothy. Today's opening was smooth, small little gap up, perfect, just like butter lol.
I'm not worried about this current intra-day retracement...this is normal. This company is going places and bringing in real revenues in a white hot industry sector. Excellent share structure. Management is good and getting better. Rare to have an OTC company that buys back their own shares like they did.
Expect support to come in right here at .60 and if it really gets stupid, at .5175.
I have no idea how exactly it will play out. Obviously we will start to consolidate again on a daily basis but exactly where/when I do not know. I do feel strongly though we are heading much higher and the chart bares that out....
Stepping out...be back before the close.
“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-
Thank you Rza...I just feel sorry for the flippers when this has so much more to go.... We know this company and industry are rock solid in the long term. If you are already long the big money is made sitting on your hands and doing NOTHING!!!
Just my opinion..
LET IT RUN!!!!!! Don't touch a thing!!!!!
Sit on your hands if you have to....
The way the GAP formed was BEAUTIFUL!!! You do NOT want a huge gap to occur which often happens at tops or intermediate tops. A perfect example recently is DARE. Small gap means we are just getting started usually...
Again on the fibs:
Next big fib extension up is the 261.8% and that is at 0.63.
Next big fib extension after is the 423.6% and that rolls in at 0.9272
Next big fib after that....oh hell who cares. We are all millionaires!! lol
Gap open...barely! Will it hold??
If it does it will be a breakaway gap!!
Watching AVCO very closely... Someone was buying up a lot of shares yesterday. On Balance Volume starting to head up again. Looking for a convincing breakout above 1.20. Wait and see...
I strongly feel we will be up today but if we should happen to dip look at the 161.8% fib extension 0.45 area, that was acting like resistance yesterday, as a place to find support. Next big fib extension up is the 261.8% and that is at 0.63. Just cause I am feeling optimistic the next big fib extension is the 423.6% and that rolls in at 0.9272
Just my opinion...
Was just looking at the chart and how pretty it is.... As far as what is going on I believe it’s just PROF being PROF. Great medical technology that half the population will probably use, excellent management, great share structure, growing revenues ...and yes insurance approval is one day closer!!! Just let it ride IMHO!
We will gap up on the open...mark my words.
If we close here at the highs...there is a very good chance for a gap up opening in the morning. As I have mentioned there is a lot of resistance here at .45 area on the chart. In the morning, instead of price just trying to motor up through it, it might leap up over it with a gap. Or we might just take a breather at this new level for a bit. Either way it's all good!!
Hello Vipyr...all good here! Real simple...AVCO has GOT to close convincingly above the 50 EMA before I get fired up. That would be a start. Then then then....need it to close up above the 250 EMA. That's where I will be adding.
Thought it would close above the 50 EMA today but has come way off. Surprised as we have great volume today. Still has time...will see.
Thanks for sharing the article...AVCO will happen...just a matter of when.
Hi Mercutos...not sure where you are getting your fib points/numbers from but curious...let me know.
I am running my points from the old high of .33 and then running them down to the recent low at .15 and that gives me a 161.8% fib extension of 0.445. I also mentioned that there just so happens to be the important WEEKLY 250 period EMA at 0.4454. This is a BEAUTIFUL confluence with the 161.8% fib line. So round up ever so slightly...yes...good chance IMHO we will see some kind of pause at 0.45 price area.
Next major fib extension would be the 261.8% fib at 0.6297 but that's getting ahead of ourselves..lol.
Slow grinding upward price action. Perfect for a long sustained run.
If PROF's chart was a painting it would be the Mona Lisa right now...lol.
Enjoy the ride!!
Oh yeah!! lol... BIG BIG BIG!!
I'm fine if it doesn't go ballistic at this point. Some of the biggest moves are slow steady grinds...but it's all good!!
We are now BUSTING up through the 50 period MONTHLY EMA!!!!
This is big guys!!! You don't go anywhere big without doing that first!