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Boring with some potential.
Pennyland
Still have ELRA on weekly darkside watch. June 19 bottom in, July 15 attention pop, working on week 3.
http://stockcharts.com/h-sc/ui?s=ELRA&p=D&yr=0&mn=2&dy=0&id=p24214848085
Pennyland
By the way OOIL finished selling their June, 4 mil shares, mentions early July.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103903686&txt2find=ooil
Guess no one played with me on this on. Closed early for 20% on 6th day of run, red day. Never broke top resistance to .24 target. Traded 4 mil in the 3 last days. I was in from .17 1st resistance break to .20+/- red day, day 6 of the run and they ran out of shares for sale. LOL
The more you see some thing happen, the more you can rely on it.
TIPs: which worked; Runs last 3 to 5 days, 6th day run red signal exit and 4 mil shares for sale and sold in 3days, OTC game setup; runs come 2 weeks to a month or so, after attention pop. Ran the fifth week.
Oh yea and; Watch to strong watch to entry @ resistance break. Plan the trade and trade the plan, Adjust as need to protect gain, not get more.
Back on watch for new share issue. These guys seem to be popping out quick funding deals. there was 1 just before the attention pop also, for 6 mil. That was probably sold in the attention pop. Slightly out of the norm. The attention pop was also a darkside sale.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103666454&txt2find=ooil
chart
http://stockcharts.com/h-sc/ui?s=OOIL&p=D&yr=0&mn=3&dy=0&id=p62575158095
AMBS update. pennyland
I pulled the trigger @ .175, short of .18 target which was reached and passed to .195, but today is the red exit signal day.
IMO take profits if you haven't and I doubt there will be another step up. ADX hit 50 and strong move possible. That move should be down. 90% of todays volume spike was the panic selling rush hour to 10:30 am. Very little come back volume involved in forming the large bottom candle tail. Dark master is not selling into the run any longer. But recommend watching just in case.
http://stockcharts.com/h-sc/ui?s=AMBS&p=D&yr=0&mn=3&dy=0&id=p89550038495
Thanks figured it out seconds before you explained. LOL Agree, I feel 31 is reasonable/possible. More should need more good news IMO. 33 was the island top channel center true value placed on it for a month and a half. May see that again. But doubt much more without news. All speculation, but gap above fill, I'd bet on eventually being hit again. After possibly playing with todays gap below some.
Glad to hear that. in & out my friend. That's the single bottom bounce play. Gap fills and resistance levels.
Success.
I know you've been involved with this stock for some time. The last chart I did for you called for the start of the retrace. And I found one done in 2013. But incase I haven't mentioned it before. BIOS are very emotional and normally need new catalysis to run. So you may need news to run all the way on the single bottom bounce play. I really do recommend trading any come back in & out. BIOS rarely climb, they tend to run/retrace big on emotion.
Ps here's the last chart I did for you showing to exit before the big retrace start mid June. If you posted today, you were damn happy about the pop. I guess you didn't sell. So if your not trading this up, but are hopping to get even. My plan would be selling some at each level reached. Cutting my losses, depending on where your holding at. Not holding for even which may not come. $40 previous high may need real good new news to be visited again. I personally would create a I'll settle plan, more then get even plan, if I held from above 30. Keep a close eye on volume support of every move higher. You really want to see investor phycology more the trader sentiment. And equal or larger volumes in each step up shows investment, and investment show continuation.
SRPT
Sorry, I made a dumb error about your stocks charting evaluation.
I teach look at a 6 month chart first. To see what's been happening investment wise. Then zero in to a 3 month to see what's been happening trade wise. I had a 3 month chart up when I checked SRPT. Just checked the 6 month and found the bottom island reversal I posted about was actually the end of a top island reversal pattern. Not the start of a bottom one.
That makes a big difference. Mainly that sentiment change with the volume spike matching the top gap up has changed and the retrace to fill the first gap is over.
So todays pop doesn't need large volume to expect any continuation to fill the retrace gap down. There is no bottom island reversal as I in error thought. Plus seeing the ADX in the 3 month chart I posted is above 50 and reversed trend. This pop could be the signal of a large come back move. And the gap above should start filling. There is an early entry signal in the DMI now and the 5,10 cross is real close. So any continuation I posted shouldn't happen, because on low volume today, isn't correct. It can continue.
My bad, things are actually more rosy then I first posted. Retail phycology should begin to shift with gap above and change in sentiment already happened, because the top island reversal play was ended. Targets on this move should be 26 gap fill, then 30 next resistance and 33 and 35 next resistances, Like in a single bottom bounce play. In & out stepping up till continuation stops.
6 month chart, see the top gap up island I missed. Sorry
http://stockcharts.com/h-sc/ui?s=SRPT&p=D&yr=0&mn=6&dy=0&id=p78653488911
SRPT chart & lesson on entry/exit
While I'm thinking about entry and exit technical indicators. May as well repeat the signals, as I haven't covered the subject for sometime.
And: The more you see something happen, the more you can rely on it!
My entry/exit indicators are the DMI & the 5,10,20 day moving averages.
DMI
When DI+ crosses above DI-, it says sentiment is changing. And an early small position can be taken. When ADX turn up with DI+, that confirms the phycology has changed and one can take a larger position. Reverse for exit. ADX is the key to conformation that retail had changed it's investing phycology and until you see the ADX reverse trend, odds are the price will flux.
Oh yea when the ADX gets below 10 or above 50, one can expect any new change in direction and price to be large.
5,10,20 MA's
When 5 crosses above the 10 day, early entry. When 10 crosses above the 20 day and the 5,10,20 is lined up in order, entry is confirmed. Reverse for exit.
A low risk trader should wait for confirmed entry and take 1 position entry. High risk 1 entry at early entry, average risk trader, 2 entries, small at early entry and large at confirmed.
Many times one enter/exit indicator will proceed the other. But generally they are fairly close. But one should either use company fundamentals or indicator previous history of which works best first, for that stock, for assistance with decision.
Remember my (TIP) about exiting an island reversal pattern: You need to see the same volume in the fall, at the exit. Any other price rise will probably be the formation or continuation of a bottom channel.
http://stockcharts.com/h-sc/ui?s=SRPT&p=D&yr=0&mn=3&dy=0&id=p34666516311
PM question about NBRI.
Is this a good time for entry?
Don't see anything interesting in the chart.
NBRI
I'd be more interested in the funding and share structure deals just happening. You may be excited about the (Never believe the PR. Trade retail reaction to it !), news you just posted. But I'm looking at the OTC game setup. Which creates the News story to be released.
July 14 JSJ Investments Inc got 14 mil and July 22 Tangiers Capital LLC reported having 14 mil. Question is was there a reassignment deal between VC's or are they separate issues by North Bay? But either way, there is 7 to 14% dilution now available for sale!
Not sure how or if the transfer of mining rights @ the Brett West Claims have any stock price effect. But North Bay is working toward trench funding over the next 6 months. To raise $250k from a VC debit and $300k cash & $300k stock of Ximen from a claim sale.
Looks to me you could finally be getting the manipulated run you've been waiting for. Not saying NBRI is running a scam, probably not given the type of funding their working to get. But honest companies have to get in bed with the devil to raise business cash also. And even if North Bay is trying to grow it's business plan. They are releasing the Darkside on retail just the same.
IMO strong watch for a darkside play at NBRI now. Chart wise it's hit bottom funding level, had it's attention pop and started it's help the VCs get their ROI, with the first smoke and mirror PR. The game is afoot Watson.
DEALS:
-------------------------------------------------------------
July 14
Effective July 14, 2014, the Registrant issued a $250,000 Convertible Promissory Note ("the Note") to JSJ Investments Inc. ("JSJ", or “the Lender”). The interest rate on the Note is 10% per annum, and the Note has a maturity date of six (6) months from the Effective Date.
Note. The initial tranche received from this transaction was $100,000.
The Conversion Price is at a 42% discount to the average of the three lowest VWAPs on the previous twenty (20) trading days that would be obtained if the conversion were to be made on the date that the Note was executed.
Lowest VWAP .0116 -42% = .0067 ($100k / .0067 = 14,925,373 shares
July 15
Effective July 15, 2014, the Registrant (“North Bay”) executed a mineral property option agreement (the "Agreement") with Ximen Mining Corp.
Under the terms of Agreement, Ximen Mining Corp may earn up to a 100% interest in the Brett West Claims by making aggregate payments to North Bay of USD $600,000, consisting of $300,000 in cash and issuing $300,000 in shares of Ximen common stock. Of the aggregate payments, $100,000 in cash and $100,000 in stock are due upon receipt of regulatory acceptance of the agreement by the TSX Venture Exchange, and equal payments of $50,000 cash and $50,000 in shares of Ximen stock are each due upon the 1st, 2nd, 3rd, and 4th 6-month anniversaries of the Agreement.
http://www.4-traders.com/XIMEN-MINING-CORP-1409821/news/Ximen-Mining--First-Tranche-of-Ximen-Private-Placement-Closed-18808081/
About Ximen Mining Corp. JULY 28 PR
Ximen Mining Corp. owns 100 percent interest in its two projects, Gold Drop Project and Brett Gold Project located in southern British Columbia. Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM, and is listed on the Frankfurt, Munich, and Berlin Stock Exchanges in Germany under the symbol 1XM and WKN number is A1W2EG as well in the USA on the OTCQX under the symbol XXMMF
Ximen chart
http://stockcharts.com/h-sc/ui?s=XIM.V&p=D&yr=0&mn=2&dy=0&id=p75527115000
Time to get on my soap box again. Changed my signature back to; (Incumbents: Fire them all!! VOTE) and would like to make some aware of the power they have not used in the past several elections. Voting (bought for) political lines, as they complain about the non functioning government, they just voted back in! Sheeee's the logic escapes me. November 4th is coming. This is the important one. Not the presidential; pick a figurehead election.
Elections in the United States are being held throughout 2014, with the general elections scheduled for Tuesday, November 4, 2014. During this midterm election year, all 435 seats in the United States House of Representatives and 33 of the 100 seats in the United States Senate will be contested;
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We have a non functional government, as economic inequality has gone parabolic since the 2008 crash. Both business and individual. The rich have gotten richer, middle class almost non existent and corporations, lobbyists, and wealthy gained the ability to buy turmoil in Washington DC, with unlimited campaign contributions.
One can disagree about what's best for the United States of American, but no one can argue doing nothing, doesn't help a recovery for the masses. Democracy is suppose to create the rules the economy runs under. And these rules are dictated by government. Obviously the present rules have hurt the masses and remain unchanged, with the destructive bargain/compromise and die; political atmosphere in DC.
So who benefits from status quo? Those bailed out, unregulated and given tax loopholes. And who puts our representatives in office. Those bailed out, unregulated and given tax loopholes.
If your tired of 1% ruling your country, please tell your representatives, the public is taking back our government! I don't care if your a republican or democrat, if we vote all incumbents out, politics will learn money isn't the only power in the United States of America. And maybe the shakeup will create enough fear in politicians that they will start governing again and the United States of Corporations will become the United States of America again.
Just think what a change in corporate actions will do for our country if wealth shifts from corporate cash, to middle class income increases, hiring and economic growth. Because since 2008 wealth has grown 10 fold by keeping the economic rules in place threw a non functioning government policy. Only you can create the structural change needed.
Without the power to create wealth by buying status quo in Washington, the only way corporations and their leaders can increase profits and keep their jobs, is to create a strong middle class again, to buy their products. Which the superrich has had zero need to do the past 6 years. Trillions in corporate cash will be used to put Americans to work, only if they have no other option to make profits.
A functioning government will create changes to economic rules and the economy can return to a normal recovery speed has before. The hoard cash, move off shore, protect wealth and use it to create more money from nothing investing, will become, hire and pay a honest wage by default, like a democracy is designed to be. A free market capitalistic economy has worked for all in the past. Now the rules benefit only one class of American.
The US needs change bad, because we're losing our democracy. We're getting tied into a new world order, with a wealth driven ruling class. The sad thing about that is corporations are individuals. LOL An entity which speculates, fires to reduce cost, reduces benefit, union busts, and shows zero country patriotism, by spending their trillions cash to hire and kick start a country recovery, the government can't. Is by USA law an individual.
This is not a political statement, on my part, it's a Democracy statement. Take your's back. Fire all incumbents, force political debate, not political stall. Remove the power taken from you. Kick some political machine ass! Get debate and compromise back. I don't care what party wins what, I care about putting the fear of the masses, back into the political landscape. So government can function again.
Don't want to start political discussion at the board. Just want to shake politics up!
Incumbents: Fire them all!! pass it on!
See nothing in ACGX chart indicating any reversal up.
Small problem with your GOLD daily chart. Symmetrical triangles are prior trend dependent. Prior trend is down in your weekly chart. So break from the symmetrical triangle should be down not up, as shown in your daily gold chart.
Ps; GORO has come alive again.
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:symmetrical_triangle_continuation
AMBS closed for 10%+/- @ .175 open.
Strong watch placed on FULT
I really like the chart dive! (IMO over reactions, 3 gaps resulted) Also bounce starting after weak earning. Says emotional guys are done and investors coming in. Could reach down channel top over the next weeks.
Also like the fundamentals discussed in this link;
http://www.fool.com/investing/general/2014/07/24/3-reasons-why-you-should-buy-fulton-financial-corp.aspx
The Plan: entry 11.60 into gap area, Target 12.50 channel top; 10%+/-.
http://stockcharts.com/h-sc/ui?s=FULT&p=D&yr=0&mn=3&dy=0&id=p34208853923
Need that 11.60 to be revisited, or the mid term chart becomes a successful descending triangle; not a down channel bounce.
Island reversal play
You need to see that 50 mil day, not a combo of several days, to expect to see the $50 area again. Needs the same excitement to bust a move. LOL WFM is just being used as an example. TIP: Look at any island reversal and the story is the same. Huge fall from grace, Long term (6 or more months sometimes) bottom channel ( up to 5 bottom or top touches), Volume surge on one of the bottom bounces and gap fill!
WFM
Island reversals take more then a few months, normally. Some thing bad caused the fall from grace and it takes time to gain back respect.
Chart wise you want to see the same volume in the fall, happen coming out of the island. If you don't see that, odds are it will top out at top resistance and form a long term channel.
For WFM I'd place a long alert @ 42.50 and expect it to be several more months before the company does appease the market for come back support.
Remember volume coming out is the key. Without strong volume every rise will reverse and continue along the channel. Many times the channel becomes the play while waiting. $37 to $42 not a bad channel to from and trade.
http://stockcharts.com/h-sc/ui?s=WFM&p=D&yr=0&mn=6&dy=0&id=p09784718131
Did a quick search on FINVIZ and FULT looks interesting at the bottom of a large channel starting to bounce, with large gap above needing fill. That's a good entry point for the 2.8% dividend. But just missed the record date July 1. Swing trade possible only.
http://www.finviz.com/quote.ashx?t=FULT&ty=c&ta=1&p=d&b=1
Maybe the info at OTC markets website is wrong. But as I recall it's divvy is under 2%, can beat THAT ANYWHERE AND THE AVERAGE VOLUME WAS ARROUND 300 SHARES A DAY, WITH 100 SHARES TRADED on a single trade for the day @ $45.00 on Friday.
Sorry for the caps locked error mid sentence.
If your looking for a bank with good divvy, there are plenty better, not on the OTC.
Wouldn't call 2 months of 1 tic up. 1 tic down, traction. Good luck, but your looking for lightning to strike right where you want it to. Odds not good for those choices.
As for acquisition News, I teach trade retail reaction to it. There was none.
High priced OTC stock with NO volume. You can't trade it to make money.
Take profits if you got them. I think this will be it for AMBS. Had it's 3 steps up and now attempt to beat top resistance. My sell is set for Mondays open.
YHOO gapped past my entry, anyone catch that one?
AMBS back on strong watch for top resistance break of flag pattern. Target .18
http://stockcharts.com/h-sc/ui?s=AMBS&p=D&yr=0&mn=3&dy=0&id=p72074678682
Heads up on YHOO
Bottom channel bounce. Target 36.25/50. Gap fill above.
http://stockcharts.com/h-sc/ui?s=YHOO&p=D&yr=0&mn=3&dy=0&id=p13159843249
My market opinion is watch. My last expectation S&P to 1950 happened and right now the S&P has a double top pattern. And I've learned not to trust a S&P double top to cause a retrace this year. As several double tops have continued higher, event though the pattern calls for retrace. So I'm watching.
Deal signed Feb was for 32.69 a share and price is higher now. The merger delta is inverst to normal pre M&A deal completions'. Deal was approved July 17th and expected to close late 2014.
Add to that, slew of FWLT insiders exercising options and selling with chart walking out of a rising wedge. A negative sign.
Here's a link I saved about M&A's which may help one understand price action with these deals.
http://www.learningmarkets.com/how-mergers-and-acquisitions-affect-stock-prices/
I personally wouldn't be involved at this time. As the FWLT price is higher. And that happens when retail thinks there may be a higher bid, but the deal is done. So price should come back to deal value. IMO when 33.72 support falls get out. Other wise one could hope for a positive swing trade. But I doubt that happening.
Just closed LQMT, from .23 to 28 on Mays pennant break. Had not looked back yet. Looks like a .23 to .26 10% channel formed now.
Played it in Jan also. Missed Feb's& APR come back bounces. Been checking every once and a while. Been in and out since 2012 and it's now on round 3, year 3, of the 3 year funding cycle. Been thinking it's on it's own from here. The volume is low as ever.
http://stockcharts.com/h-sc/ui?s=LQMT&p=D&yr=0&mn=3&dy=0&id=p66060395655
Never believe the PR story. Trade retail re-action to it !
So big you can't find a chart @ Stockcharts. I never recommend a stock if Stockcharts doesn't have a chart. Is symbol correct?
Didn't you try to catch the falling knife at VXZ around 13 bucks? Good luck!
Still hold a tiny bag there.
Got my 10% at RBY $1,65 hit.
Standing order closed at GORO, @ $5.30 on a fake pop. Fingers crossed.
Plan the trade and trade the plan.
Link back
NEWL halted T12 needs questions answered. The drama continues. $4.41 close went to $5.88 pre market and was halted before open.
Lightning strikes somewhere on the OTC every day. Just hope those struck take profits when they present.