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DARE..rockin and rollin today!!!
Who would have thunk that would have happened?
Notice the gap created this morning between today's open at 0.2449 and Friday's close at 0.235. Just another sigh of strength if we can keep that open. It's my opinion we will be taking out the shelf area at 0.295 in the very near future. Price will be drawn to it like a magnet. Free money IMHO.
Thank you Mercutos...reading charts is a passion of mine.
Lol...don't know of any program that spits out TA the way I like it and if you do please let me know!! Most are heavy on the indicator side....
One thing for sure is this is an exciting but can be extremely humbling game to play...always learning like everyone here.
I used to work on the floor of the Chicago Board of Trade and got a lot of chart analysis from the guys there. Mainly look at simple stuff. Fifty percent retracements, bounces off moving averages, going with the trend. You would be light years ahead of others reading any books on price patterns and price action and not the latest wiz-bang indicators. If your chart looks like it's lit up like a Christmas tree from indicators you are on the wrong track...
I try not to call day by day but last Thursday we put in an important retracement low followed up by an inside day...looking to head back up to 0.295 and then much much higher after pausing at 0.295.
The 0.45 area we will see some real resistance.
JUST MY OPINION from looking at price action...do your own DD.
PR: Solar Integrated Roofing Announces Launch Of New Corporate Website
EL CAJON, CA / ACCESSWIRE / January 19, 2021 / Solar Integrated Roofing Corp. (OTC PINK:SIRC), an integrated, single-source solar power and roofing systems installation company, today announced the official launch of its new corporate website www.solarintegratedroofing.com, reflecting ongoing efforts to provide up-to-date information for shareholders and prospective investors.
The new website has been designed to be more dynamic, user friendly and content rich - best showcasing the Company's complementary solar, roofing, battery backup and EV charging solutions businesses. It offers a clean, modern design integrated with helpful information for investors looking for additional materials on the Company, including an updated investor relations section featuring press releases, upcoming events, the current share price, SEC filings and financials.
"Our new website for Solar Integrated Roofing will give us an enhanced, more professional online presence that highlights our core competencies with the investment community," said David Massey , Chief Executive Officer of Solar Integrated Roofing Corporation . "As we continue to grow our breadth and depth of services - which now spans solar, battery backup, EV charging, roofing, HVAC and electrical contracting solutions - the new website demonstrates our pledge to elevate our status as a public company going forward.
"The investor relations pages provide our shareholders and prospective investors with current, easily accessible information about our operations, business strategy, stock profile and more, reflecting our ongoing commitment to enhance transparency and shareholder communications. I look forward to continued operational execution going forward, with the objective of creating long-term value for our shareholders," concluded Massey.
About Solar Integrated Roofing Corp.
Solar Integrated Roofing Corporation (OTC PINK:SIRC), is an integrated, single-source solar power and roofing systems installation company specializing in commercial and residential properties in the Southern California market. The Company's broad array of solutions include sales and installation of solar energy systems, battery backup and electric vehicle (EV) charging stations to roofing, HVAC and related electrical contracting work. For more information, please visit the Company's website at www.solarintegratedroofing.com.
Looks like a beautiful tiny range inside day today on the daily chart. This strongly hints that the downward thrust will not have follow through. With today's tiny range I would expect today's low to be taken out probably Tuesday when we open back up as a head fake move down. Then start to move back up to take out 0.295 and continue on up. When exactly it gets to 0.295 is anyone's guess.
Weekly Chart Observations...
A lot to unpack from yesterday but just a couple of observations. When all hell is breaking loose on a stock, like what happened yesterday, I like to take a step back and look at a weekly chart to give some perspective. The main takeaway was the perfect, I mean PERFECT bounce off the 61.8% fib line. Don't forget we MUST also take out the flat area from the daily chart at 0.295....just a matter of when we do it.
Bouncing right off the 61.8% fib and 50 EMA.
This is why knowing what you own comes in handy...lol.
Bye bye weak hands!!
Just my opinion...
I'm not saying today but mark my words...that flat area at 0.295 that I keep talking about will be taken out.
I would not be shocked if we get a quick head fake here. Perhaps a jab down to 0.26 area, just a guess, clear out weak hands and then recover and push on up through 0.295.
The more we contract here backing and filling (as long at the trend remains up)...the bigger the explosion.
Thank you Mercutos...nice! Let's see how things play out here but I like LIVNCHILL's idea....Soggy Dollar beer money for all! $$
All good Mercutos!
It almost looks like price action is creating a launch pad...
As I have mentioned in a couple of posts we have created quite a shelf/flat area...For the last 5 days in a row the high has been 0.295 (today is actually 0.294). Traders can't stand flat areas like this and it will be penetrated...just a matter of which day this week. What makes it look like a launch pad is the continuing higher lows we have had since the bottom of the recent correction on 1/5. The other thing that makes me feel good is how close the tight sideways action is to the recent high...we have only backed off a few cents from the high of 0.33. Don't fall asleep on what is going on here...
Very likely we get news out and we gap up right out of the shelf. I doubt we will have to wait much longer...
Getting ready to make our next move up...
Out of the red candles and back into the green $$$
Making some progress here. Even though we are well off the highs so far of the day we are above the 20 EMA. Next goal is to close above the 50 EMA at around 1.19. Could this be the start of the climb back up and beyond? Will see...
Fourth day in a row now with the high at 0.295 forming what I call a shelf. Markets hate flat areas like this. Not a matter of IF just a matter of WHEN we takeout that level. Newbie traders get bored/impatient and bail out in sideways markets. Pros know the tighter and longer a market coils like this, as long as the overall trend is up, the bigger the move to come...
Could not agree with you more!!
"with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk"
We all are well aware that what we are doing here in SIRC is risky. Statements like the above however make me laugh. Stocks, currencies, commodities can be overbought for weeks and weeks according to BB bands, RSI, Stochastics etc. etc.. In fact I have seen systems set up with some success where you only buy when the BB bands tell you it's overbought.
I put a lot more value in price action and patterns than indicators. (I do look at some indicators however to confirm price action)
We just so happen to have a nice bullish flag pattern working right now on the daily chart. Let's see if this week we get a breakout above the top line of the flag that can be seen here in Post #10746.
LIVNCHILL...beautiful pic man! I'm feeling it!! Have done A LOT of sailing in my life but not lately. Count me in on any Caribbean get together party once we get into the land of $$ dollars $$
You bet LIVNCHILL...happy to help! I find combining charts with the fundamentals of companies a damn good formula. I have worked with every exotic indicator under the sun over the years but have learned now to work pretty much with just price action/patterns, basic moving averages etc. Less is definitely more. Another thing I do is look at a lot of different chart time frames to give me a sense of what is really happening...especially the Weekly time frame. Won't update the chart everyday but on days there is something worth noting I will...
Cheers!!
Of course this is not an exact science but the way I am measuring the flag pole is from the low on 12/21 at .104 and then extend it all the way up to the high of 12/29 at .33. Then take the distance .33 - .104 = .226 and extend .226 up from wherever price breaks out above the top downward slanting line of the flag. My bet would probably be around the .50-.51 area where you MIGHT expect price to pause. Don't bet the ranch on it playing out exactly like that though.
For me it's not a real concern as I am in this for the long haul and willing to wait and wait and wait some more for much higher prices.
Hope this helps and have a great weekend! Next week could be a hell of a lot of fun!!
So far the flag I pointed out in post #10746 is holding up perfectly. Something to take notice of is we have hit a high of 0.295 three times over the last three days. Traders hate flat areas like that on a chart and 0.295 is begging now to be breached. This is just a logical guess but if we don't breakout out up through that price by the end of today....than we will gap up through it on the open Monday morning....most likely created by some kind of news. Again...just a guess.
Ha! Took me a second to figure out what you were talking about... That goes under all my posts. Yes, in the famous book 'Market Wizards' ...the most quoted book you heard the traders talk about was the book 'Reminiscences of a Stock Operator'...it's a classic!
"Roger that Houston, we've got a beautiful view out of the left side window of the moon now."
Yes! So important....OS remains at 138,674,132.
You don't just hire a big new IR firm like MZ Group and have them do nothing. We're just catching our breath here over the last few days before the next big news / move up. Considering the percentage gain we had we are actually holding up pretty well. I also like the way the low was put in place yesterday, bouncing perfectly off the 10 EMA.
Funny...looks like DARE is getting ready to make a big move up in the near future and nothing but crickets lately on this board. Oh well...
Expecting a nice morning gap up this morning!
How did we all get so lucky to find this company?
Go $PROF!!
"Meanwhile, a Blue Senate is seen as positive for the electric vehicle sector. Ives and team believe a doubling down on EV tax credits and further consumer incentives and government initiatives around the EV sector will be on the horizon." from Seeking Alpha this morning.
SIRC and the EV/solar sector in general could see quite a nice move today due to the Georgia election!
Profound Medical sees Q4 revenue growth of 32%
Jan. 05, 2021 4:59 PM ETProfound Medical Corp. (PROF)By: Akanksha Bakshi, SA News Editor
Profound Medical (NASDAQ:PROF) announces that it anticipates total revenues for 4Q20 to be ~$3.7M (vs. $2.14M consensus), representing growth of 32% year-over-year and 24% sequentially; and for FY20 anticipates total revenues to be ~$9.7M, compared to $5.5M in 2019.
“We believe the strong sales performance in the fourth quarter, which was achieved in the face of continuing COVID-19 headwinds for the medical device industry, speaks to the strength of both our technology and business model,” commented Arun Menawat, Profound’s CEO.
Traders have been attempting to fill the gap left from last week at .241. (see post 10424). That's also where the 10 EMA sits today...They haven't been able to quite fill it so far. Will see what happens by the end of the day.
We did manage to go down outside of the wide range of the 12/29 outside daily bar that we have been sitting inside of over the last 4 days. IF this morning's low holds this will be a good head fake day and a great place to add to the position IMHO...but that's a big IF...will see.
Beautiful breakout of large Ascending Triangle Pattern. Have been holding FLGT for a long time but added last week as it was consolidating before it's next push up through the triangle. Love this stock...super long term hold for me. Diagnostic testing is always going to be important long after Covid is gone. Management team is tops and share structure is fantastic as earning surge...luv it!
Beautiful gap this morning in PROF up from last Thursday's close. Again price came back down last week and tested the breakout from 2 weeks ago. Now nowhere to go but up IMHO!
Thank you Larry5500 and LIVNCHILL for making us aware of this new update by Goldman Small Cap Research! Should be a lot more eyeballs on our emerging little company today!!!
There is no way in the world management would have retired 500 million Authorized Shares like they did at the end of their last fiscal year unless they planned to up-list....no way!!! This company IS going to up-list soon or sooner and we here are going to be a part of it...
Liberty...great charts on the solar industry. We are at the right place at the right time!!!
LIVNCHILL...if we do anything near like ALPP has done...I will run naked around my neighborhood....twice. (won't be a pretty sight)
Best thing we can do right now is sit on our hands and do nothing through the inevitable big ups/downs and head fakes to come till we get into dollar land.
Have a great night all!!
Thank you Prfmf1! Same to you and yours as well!!!
2020 was not all bad...for one thing, it was the year I discovered PROF. However I believe 2021 will be the year we make a lot of money with PROF!
Couldn't resist...
Had to go dig some quarters out from under the sofa cushions and buy even more PROF this morning. Like I said in my previous post looks like they are testing last week's breakout point in the 20.50 area. Great area to add on IMHO.
What a year we have to look forward to in 2021 with PROF!!
Happy New Year to all!!
Hi Cat...agree...today was a real sign of STRENGTH for SIRC!
One thing though I wanted to clear up is the gap up created between last Thursday's 12/24 close at 0.241 and this week's low has NOT been filled so far. They tried to get price down to 0.241 today but they could NOT do it and THAT is a sign of strength. Today's low was only 0.251. MOST STOCKS/CURRENCIES/COMMODITITIES WHEN THEY START A MAJOR MOVE UP HAVE AT LEAST ONE BREAKAWAY GAP... Hopefully price NEVER gets back down to 0.241.
Will see what happens tomorrow!
Go $SIRC
PS...it's easier to see the gap if you pull up a weekly candle stick chart and look at last week's close at 0.241 and then look at the low so far for this week at 0.251. VERY strong looking...
Exactly Liberty...way different from past runs.
Respectively ALDACON take a good look at our recent daily price volumes vs past runs. Take a good look at long term daily moving averages like the 250 EMA. Price then was rallying up to them during the runs. Now price is running up away from them. Look at share structure now vs then. Look at the solar industry now vs a year or two ago. Plenty of other things could be pointed out but this run is nothing like we have had in previous years. Everything changes in time...
Hey gang...bought some more before the close yesterday to add to my hoard lol. Daily price action looks like we are testing last week's breakout. Long long term hold for me!
Cheers!