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I'm 75 and confused. I daytrade select ETF's and trade around a core in stocks like AVXL. Not sure if I am a young gun or fogey. LOL
Green Wishes that all your sells are Green Everyone.
Agree that hourly has some upside potential, but currently setting lower highs and shrinking volume.
That said, the daily 100period currently at 7.16 is still down angled and will likely give resistance. 7.50 to 8.25 is a lot of resistance with down angled 200period at 8.01 likely to play a role. Without some strong news the most likely scenario IMO is AVXL tops out in that zone somewhere, if it hasn't already, and then best case is sideways range bound. Holding 6.50 is a big deal for positivity and strength on both hourly and daily charts IMO.
Here is my hourly.
https://stockcharts.com/h-sc/ui?s=AVXL&p=60&yr=0&mn=0&dy=25&id=p57356143402
If the 5.75 gap doesn't fill then it will likely become a runaway gap going forward.. It all depends on news, market [meaning XBI] and how the support inside the blue box plays out.
In general declining 50periods tend to be weak, however so far today a nice bounce. The market structure zone as noted by the VbP bar is potential support above the remaining gap. Top of the gap is 5.875 while bottom of the VbP bar is 6.12ish so there is room for an overshoot downward without filling the gap if that is support.
Indicators are not super thrilled about turning back up yet. Still playing out the neg div on rsi, stoch and fast macd. That said, buying as indicated through the money flow charts is positive though they don't update til end of day and if current status today remains they could further weaken. Closing prices today and tomorrow will tell a lot about confirming more down. News or no news will play the biggest role outside of a buying surge. All IMO only.
https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=6&dy=0&id=p53490150665&a=1544258022
The biggest difference in comparing daily XBI and AVXL charts is in their market structures for support and resistance as well as overall strength.
AVXL is weaker and XBI is fighting to get over the longest/strongest support/resistance zone/VbP bar. Todays post is XBI chart and the one before is AVXL.
Green Trades Everyone
AVXL price still riding the daily chart 4ema upward. 8ema still could be support. Red and green ADX10 lines still widening. Won't stay that way for much longer.
Here is XBI chart. It is getting indicators overbought. Negative divergences growing especially the standard and fast macd settings. Gonna get interesting next week.
Be nimble but follow your trading plan rules.
https://stockcharts.com/h-sc/ui?s=XBI&p=D&yr=0&mn=6&dy=0&id=p07364482283
Yes, that would be lovely. Not to mention some solid green account growth.
Happy Thanksgiving to you and all as well.
Nice to see the activity here. Been traveling the last almost 6 weeks. I need to catch up. Nice news and move from AVXL.
I'll try to post a couple charts tomorrow mid morning or afternoon on XBI and AVXL, as I have Dr. visits in the morning. Gonna miss the opening.
Just from a price and market structure point of view, odds of testing or filling the recent gap IMO are stronger than running up. Todays closing candle is not a vote of strength. Tomorrow will tell more. AVXL now has a double gap which most often is a sign of weakness. Given that I am not thinking there will be much additional news in the near term this would be a place for price to hold and create a base above the 50period. Tomorrow will help see if todays rejection at the 200day will hold. Price holding the 4ema above the 8ema will be important to the upside. Looks like we will have 13/50 up cross which is positive. To me it looks like the chart itself is setting up for either a drop and fill or a battle for support. Oh, one thing to note is that the ADX lines are beyond the normal distance apart and must revert to the mean soon. That is just a quicky and not comprehensive. But, ya'll can see the issues.
https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=6&dy=0&id=p13259612160&a=1541237710&listNum=1
See with Picture at Energy Finders Inc I IR on twitter.
Energy Finders, Inc | IR
@EnergyFinders
$EGYF | Re: WebSummit 2023
Great lunch meeting with Dr.Ghorbani & Dr.Hadj, software development specialists for smart grid energy management systems since 2006. Discussed potential collaboration on eBox's software & monitoring app.
There may be a few flippers, however by and large I think here in EGYF right now it is mostly the give and take between some discouraged selling holders and buying believers plus maybe a few buyers that have found it and like the basic tech. I base that on the combination of low volume, current shell risk label, low visibility still, lack of internet followers (even here on the hub) etc.
It would also not be unlikely that a few who bought higher are averaging down on the dips. The EGYF show/journey has not really taken off yet, IMO. I do still like the odds for some nice returns. That said, it is high risk for the high reward right now. Looking forward to seeing the risk side moving lower at some point.
Green Trades
My view is that flippers help with liquidity.
Whatever the reason, more stock moved to holders today and every day that will wait for the next level to sell.
The company will always be the deciding factor in the end.
All I can say for sure is that negativity is allowed here. Who pays them if they get paid? Could be hedge fund, dark pool, etc. or individuals that get their kicks out of those sorts of board exchanges. It just is what it is in todays world. IMO, the majority of them benefit in some way. Is it possible to know exactly who? I don't know and not willing to spend any time searching, guessing.
The best way to deal with it IMO is try to pick a company with potential LT upside success and let the progress and market do its thing. In the short term it gives opportunities to trade the ups and downs and accumulate a free or close as possible to free LT position for when the big growth in price occurs and at the same time minimize my financial risk. For present EGYF continues to fit my personal model and plan.
My #1 trading rule is don't lose money. #2. Keep a loss small. I can always get back in if still like the company.
Aware of the market, yes? However, I don't want them making decisions with the market price as the #1 priority. IMO, market price will take care of itself if they make the best decisions on company progress, limit debt, limit dilution as best as possible etc. I want them to build the strongest possible company not give in to things in the ST that limit the LT.
Green Trades
Agree 100%. It is all about parsing the numbers and figuring out how much DD information fits into the equation. Buying or selling based on what any one person or group of persons says on this or any other board is the biggest mistake a trader can make. Even if what they listened to ended up correct.
The only reason to buy or sell is because your individual plan called for it. Buying or selling that is not part of a plan is just gambling randomly.
All IMO only.
Never wrong to take profits. Congrats.
Oh, I should also mention, I keep a 1minute realtime chart from stockcharts open on EGYF so I can see any trades as a 1minute representation on the volume chart. That with the trade by trade from OTCM tells me all I need to know. Fits my trading style needs and trading personality.
Green Trades.
I pay no attention to ihub buy sell data. Whether looking at TOS or buy/sell indicators I keep track of the days trading on OTCMarkets. It shows trade by trade, although delayed 15minutes. That way I can determine for myself how the trade by trade coincides with with what indicators are saying.
Personally, I have had no issues with this discrepancy other than I don't use or trust I hub trade buy sell data. Made this realization years ago. I think the ? trades are confusing. All IMO only.
Here is where i validate trading buy/sell on a trade per trade basis. Today so far they are the same.
That said, I saw to many variances over time and just discontinued looking Ihub representation and was annoyed by ?, especially on high volume.
https://www.otcmarkets.com/stock/EGYF/quote#trade-data
Hope that is helpful.
Green Trades
131,700 shares buying so far all at .149 and .15.
Even though still thin volume ask side still increased this morning. 50,000 shares purchased at .156. The rest of the 142,000 shares at .15.
At the very least, there are those who believe in upside from here that are paying for stock.
I am looking to see if this Q due by Nov 15th is filed on time. Will also be looking for any differences. Waiting on any kind of PR that gives further information on the path forward.
Green Trading Wishes for all here.
Totally agree. All of my DD validates to my satisfaction what your thoughts express. His nano-sensor history, achievements in Great Britain, patents and previous work and business exploits support his potential success IMO. I have also been able to speak to an individual I trust that has a multi-year relationship with him and am satisfied that personally he is the man you describe. I know from those conversations that he has overcome adversities and knows the value of pushing ahead through difficulties to success.
All this does not guarantee success for EGYF, however I like the odds, the technology focus and the current management. An obstacle out of ones control can occur to anyone or any company.
For anyone reading the EGYF board here. OTC is the wild west.
First rule of OTC stocks is buyer beware.
Second. Do your own research and validate, validate, validate.
Third. Have a plan and stick to it.
Lastly. Don't put in more money than one can afford to lose.
Green Trades
117,000 shares traded so far in first 30ish minutes. All in the .15-.152 area. Bet that seller at .082 and .10 yesterday is kicking themselves. This kind of buying, even though thin volume still, must have some meaning.
Haha, I took a flyer years ago at .0056. When I read MZ's history etc, decided I needed to give it go for real and reinvested all the profits from selling at .11. So far, happy I did. Future is yet to be written.
Some here don't understand that only an ignorant trader or scammer/shorter would sell 10,000 at .10 and then 15,000 shares at .082 when all the other trades were between .1284 and .15. Would serve them right for this to go on an extended run because of great news. Proof to one side or the other is forthcoming. All IMO only.
Time will validate one side or the other.
If they can't talk it down, they will sell it down. All the negativity is proof they will interfere one way or another. Shell risk removal will help but it will require solid substantive news and company progress. Waiting for the real public beginning of that journey and news flow. These current ups and downs have very little meaning for the future. It is still about the technology proof, funding from grants etc as much as possible that are non dilutive and just growing to revenue and profitability.
These embryonic companies take more time than most people can tolerate. Apple is a great example. Not many stockholders left from the early days. Not saying this is an Apple. There are many successes that are not to that scale but still with multiple 1,000's of % gains. Even so, it is faster than the in-vitro to full final approval process for a cancer drug.
Green Trades to all the actual shareholders and traders of EGYF.
Amen. Obviously a poster intent on negatively twisting the days performance. Price was up yesterday. End of story.
Today is a new day. Could be up or down. This is a stock in a stock market.
Price has closed up 6 of last 7 trading days. That is a fact.
Price has gone from .07 closing to yesterdays .12 close. That is a fact.
That is a 5cent gain. Fact.
So you are saying todays pressure was selling pressure, yet the price went up. Yeah, that makes sense.
https://stockcharts.com/h-sc/ui?s=EGYF&p=1&yr=0&mn=0&dy=1&id=p67088548838
You will probably need a stockcharts account to view the linked 1minute chart.
OBV shows buying pressure. Volume bars on same 1 minute chart are all green. CMF shows buying since 11:15am. Accum/Dist shows buying.
Price movement is a function of supply and demand. Price went up. Therefore demand side (buying) dominated today.
LOL, your conclusion was selling ruled the day.
Without news yet it is hard to tell. What is factual and apparent to all is the recent upwardly consistent movement in price due to buying pressure.
At the very least we are close to another Q filing. Some upward progress in financials and or news would be much appreciated by many of us holders.
It is also encouraging that there is this kind of demand buying when silence has reigned for so long.
At the top of my things for the company to get done list is removal of the "shell risk" label due to a filed and approved 15c2-11 filing. LOL, I think I remembered that correctly.
Still firmly patient I am. 🙂
Green Trades.
Will be home in another week. Posting this from my phone. Price buys pushing the ask side of .12 now. Didn't expect this without news but like the interest and willingness for someone to pay the ask.
Green Trades.
I’ll see what I can figure out once I am back next month and I get caught up to things.
Ya’ll have been holding price up it seems in my absence. Thanks. 😎
Have no idea of any signal importance. Just happy there are buyers willing to hit on the ask side and not just low ball price.
Still waiting for news I am and multiples from here.
Not calling for any to listen or take it as advice as have had both strike outs and home runs. They don’t call these stinky pinkies for no reason.
I do like this one still committed.
Green Trades
Checking in. Been traveling. Be gone another 2 weeks. Hope to see some news before I get back.
Uh, these are modern times. Adult children over 30 don't pay rent in parents basements.
Gee whiz, guys. I must be the board here baby at 75.
Recent update for last Quarter from Energy Finders Inc. IR on twitter.
Just scroll down a couple to today.
https://twitter.com/EnergyFinders
Using a daily. Agreed. That resistance is strong from 8-9ish. As you know, all directional changes require confirmation.
https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=10&dy=0&id=p95189537532
Simple, but likely very close to how it plays out.
On a daily there are +divergences and some very positive indicators beginning. It would be nice to see them in play and create a higher base than here for when news comes. We shall see.
6.35 close at best support level possible today. Idiot naysayers on the stock site wouldn't know signs of exhaustion if they were staring them in the face. Oh, wait, the signs of selling exhaustion are there and increasing. LOL. Tomorrow is an important day to help confirm support for an upside scenario to continue.
The plot thickens. Have you guessed the next chapter?
If this is a bottom, here is what I want to see. 6.25 is best case support with 6.17 has to hold. These #'s come from a 5minute chart structure.
https://stockcharts.com/h-sc/ui?s=AVXL&p=5&yr=0&mn=0&dy=3&id=p67138922159
On a Daily here is what needs to happen. Price needs to move up above 4ema, then above 8ema, then 4 up cross the 8, then set a base at 6.81 or above and finally a base above midlines. Not until all this occurs will there be a base sufficiently strong to stop worrying in the near term about downside risk and lower lows. There will still be lots of higher resistance to get through, however excellent news will bring the power to get price moving above the 200period and make that support.
The key to AVXL is still what it is has always been. Approvals. Then sales. Then revenue and profits.
https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=6&dy=0&id=p88119274072
Green Trades Always
This is a good board for sharing. Glad to have another contributor.
I have never studied or used the DeMark method. An old dog I am and hard to learn new tricks, however I always have interest in how others trade.
Thank you for sharing yours. Will be interested in what signals are most important to you.
Most everyone here IMO has hybridized a system that they are comfortable with and is profitable giving repeatable results. I may learn something from you that enhances my system.
Given the advent of programmed trading plus the addition of AI it behooves a trader to be outside the box enough that it makes a space to create profits that is not overly influenced by what the big boys have running. One example in my toolbox is that I never in the past looked at the 150period on a weekly for support or resistance and now I find it coming into play more frequently. Same for the 65ema on a daily chart.
Green Trading to you and all.
For me there is no cut and dried formula. While there is always some mix of FA and TA, roles vary greatly with what stage of growth a stock may be in. They also vary based on the holding length of time and type of trading buy/hold, swing, scalp etc. Another facet that varies is risk. Risk can be determined by either FA, TA or both.
Looking at XBI as a sector indicator of direction influence for AVXL, is that FA or TA? For the last month they are both down very similarly.
Is shorting something that falls in FA, TA or both? Currently AVXL is heavily shorted and there is a large community of negative information that is more intent on squashing AVXL than actually evaluating in an unbiased manner.
IMO, the value of TA is that it is much more accurate and available for determining support/resistance, buy/sell points, risk and changes in risk. TA is very important in scaling in or out of a stock as well as being very flexible.
At present I agree that it will take a fundamental event to significantly alter current direction, however any trading decisions will need to be TA inspired for best results. If not, one ends up waiting for the fundamental event and risks chasing a big gap up and run. That would potentially cost the buyer more capital and fewer shares to enter as well as trying to figure out how much risk has been increased due to an increase of volatility.
Just some thoughts that come to mind.
Green Trades.
Great visual. Thanks
A little disturbing it is. 🤔
I found this very interesting from a trader's comments on another website.
"I think it's VERY fair to judge the Fed on its past performance, but with that said, we should consider that the Fed has continued to say they are "data dependant" about rates going forward. What IF inflation cools off due to consumers becoming financially strapped? I felt like today's pop WAS the true and correct reaction to this week's inflation data. The drop in home prices and auto prices is exactly what the Fed has been waiting to see happen. IF the Democrats would stop pushing for every worker to demand more money it is highly likely we'd seen peak inflation. I think the data from this week's reports, and the data next month is going to allow the Fed to do nothing for the rest of the year. I also believe the post-Christmas quarter is going to show consumers really tightening their spending, further allowing the Fed to do nothing. IF the Fed has learned from its mistakes, as soon as it sees any sustained weakness in the economy it should start lowering rates .25% each meeting until they get down to 3%. A "soft landing" means you bring the plane in slowly, you don't wait until you hit the ground to deploy the landing gear. If there is any uptick in inflation along the way the Fed should use that moment to unload their balance sheet to cool things off tactically.
I've said it from the beginning, Congress and the politicians in DC are the issue. Interest rates aren't the cause of inflation, money flow is, and Congress controls the money flow in America. IF Congress stops borrowing money to juice the economy inflation would come to a halt almost overnight. The congressional budget for FY21 was $5.4 Trillion, FY22 was $6.3 Trillion, and FY23 is $5.5 Trillion. Inflation has literally followed congressional spending. Imagine IF Congress only spent $5 Trillion next year, cutting spending by another $500 Billion. US GDP for FY23 is an estimated $26 Trillion, so cutting $500 Billion from congressional spending is essentially removing 2% from US GDP."