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thx.. saw that unfolding around 1pm - while others were bickering... Anyway with or without news, it still signals a reversal of trend (according to the definition); With PR hopefully, a sense of conviction should begin to surface. A higher open should send TRDY into the upper teens - for starters..
Simply put -- the worst might be behind us - short-term (technically)..
We officially realized the TRI STAR PATTERN CANDLESTICK formation today - thanks to that print at the close! According to the theory , 3 days of dojis yield way to reversal of trend. Take a look (link below) & then match it up with TRDY's last 3 candles! A perfect fit (good technical confirmation as well).!. Now we need the news to come out to act as a catalyst..
http://www.candlestickforum.com/PPF/Parameters/16_565_/candlestick.asp
Thank you Salad. I shouldn't get deleted for that one.. It shows that with a small bump, TRDY still satisfies a trend reversal (according to candlestick theory); doesn't mean we cant exceed that either. It's just a good thing to have in your back pocket --- as you're sifting through copious amounts of fluff'.. TRDY's chart, afterall, is a depiction of everybodys' emotions.. Why not go to the source?
GLT Some
http://www.candlestickforum.com/PPF/Parameters/16_565_/candlestick.asp
Isn't TRDY in the process of completing a Tri-Star pattern? If so, wouldn't this be a bullish reversal (technical confirmation)??
Anyone who cares about facts and less about his ego care to comment?
Without news, this formation is likely.. It's bullish .. mind you.
A close around 13, and TRDY will have that 3rd doji..
http://www.candlestickforum.com/PPF/Parameters/16_565_/candlestick.asp
IF it can break .024, I could argue upwards to .05 - for starters.. I'm not going to get ahead of myself however... We need to work on getting and holding past .015 first...
Oh I'm not saying TRDY cant do great things.. I'm just aware of possible scenarios (support / resistance) -- always in play. It would seem to me that the ones who should 'get a life' (not my words) are the ones who post: "Going to $2pps" a million times a day. What is the really accomplishing? As you say, it's just senseless clutter. And it can & does have a negative effect. If I'm going to play the pinks, I have no choice but to check out IHUB from time to time.. But I assure you, it's not my bible.
obviously the moment of truth (10Q filing) was advertised (little excessively imo) to be Fri or today.. Since it hasn't happened yet, people have prematurely concluded that it'll never happen, that it was a big pump, &/or it'll be bad news. Haha. . Thats how these shake-outs (these drop-before-pops) occur!. Human psychology on display!
Nothing terrible has happened here. We're satisfying a 'higher-low' (last few days) - & preparing to bounce. Volume lacks consistency ahead of possible news -- to be expected.. Therefore, spreads are all over the place & trades are over-extended. Should we have fallen in to the 12s? Eh probably not.. But take a look at the daily chart.. The direction is still bullish. Nothing has collapsed! This a volatile stock with a relatively low float. If the filing doesn't occur as exactly 9:30am est, panic moves (like this morning) are to be expected..
At the same time, bounces (on news) are to be expected as well. It wont much to bounce this back up to the top of the channel. I'm not guaranteeing anything.. I'm hopeful that news is released today. I'm long this stock. I'm not a basher. I just think today's move is an overreaction...
GLTA
PS.. To those hyping $1, $2, pps ... Perhaps you could tone it down.. Lets try to get this past .025 first!
i was thinking that.... but the odds are Monday morning (if even then)...
Still should see a bump into the close --- 187 is not far away.. You break that & you'll test 2 easily..
Even though there is often a drop-before-pop situation, TRDY's chart (last 2 days) shows a simple triangle that has no room to go. On top of that, it has tested & held support at .015 (so far) for two days straight.. Resistance at .018 is a mere few trades away.. With the potential for big news, TRDY's chart, with higher highs and lows (last 5 to 10 days) - is primed. . . As the lunch hour nears its end, look for volume and a test of today's hod (just under 18). . ..
A break higher & we can dismiss yesterday's red candle.
It is high-noon ! Let the games begin!!
Put things into perspective... Without news, the pps will fluctuate around. And right now, it's simply bouncing off of a higher low (15) - vs. previous low around 11 (few days ago)..
Last time it pulled back like this (down to .011 or so), it sprung higher soon after.. Chart suggests this possible at this level too -- the same level from where TRDY broke a few days ago..
Scare tactics.. Follow the higher highs and higher lows.. The trend is your friend people..
classic drop-before-pop (post triangle).. Without PR, we can still expect low 2s by eod..
Follow the charts.. Today TRDY spent time finishing out a triangular formation above recent resistance (.015)*. About an hour ago, we experienced a 'washout' (500K shares+) on the 1 min chart (short short term ).. Washouts signal ends of trends & corresponding reversals. All paired up, I see a breakout of this triangle & a retest of resistance soon.
Ossilators are in line as well. Recently,(RSI) held 50; MACD shifted back up; TRIX 3,3 (leading indicator) bounced off of zero ..
IF positive news surfaces, this will be a no-brainer. .03 - .05 is reasonable.. $2.00 -- eh??? let's be realistic. Thing I like however: ZERO resistance past recent high of 24.. So it wont take much.
GLTA
*cup & handle (intraday)breakout - few days ago..
2s are within the hour.. follow the volume .. trust me.. there's volume coming!
Classic drop-before-pop (technically).. A new higher high (intraday) will yield a test of resistance.. I feel comfortable saying that now that I see increasing volume from these forms.
.03 is my initial target.. any day
GLTA
This is technical (cleaning up) - She will bounce off of 11... See Daily Chart.... just filling in required space on the charts
I strongly believe we're experiencing a run here that'll take us to .03 -- possibly today or tomorrow.. White candle predicted..EOM - shaping up .. now!
no doubt.. and expect accelerating volume if we get above 15 again.. the real move is ahead..
you guys crack me up.. that dip was a quick leg down -- satisfying / creating support all before it closes in on 15.. The 'drop-before-pop' if you will..
15 is your tipping point !
Could be 'SAEI' investors flipping out and into TRDY...
If we get past 15, we break this embedded flag formation.. We set ourselves up for a push to .02..
A daily candlestick chart of TRDY reveals a Bullish Harami Cross Pattern: a 2 day sequence showcasing a doji preceded by a long black real body. This long body (the first day) usually engulfs the corresponding doji (2nd day).
Although this formation is generally connected to significant bullish reversals, it does require confirmation. In TRDY's case, Monday's trading range is this confirmation.
Friday's shortened trading day served as the ideal backdrop for a classic neutral doji. In & of itself, a doji with no real shaded body signals a battle between the bears and bulls. It suggests a future trend reversal (one way or the other).
But because Friday's doji was preceded by a dark body (Wednesday), we can conclude that the market is beginning to sever itself from its prior downtrend. (Note* I'm referring to a 5 day downtrend originally established with a spinning top)..
Although I'm keeping a watchful eye, I'm confident that Friday's last minute surge (on low volume) is signficant as we move into Monday's trading session. If we can start off strong, I see no reason why we cant test channel resistance (now around .02). If volume is present, we might be able to pop-out. As we all know, a PR will serve as the ideal catalyst.
In my wildest dreams, I hope to see 3 white soldiers coming off of this doji. Wouldn't taht be a hoot here at EOM???
Good Luck.
A daily candlestick chart of TRDY reveals a Bullish Harami Cross Pattern: a 2 day sequence showcasing a doji preceded by a long black real body. This long body (the first day) usually engulfs the corresponding doji (2nd day).
Although this formation is generally connected to significant bullish reversals, it does require confirmation. In TRDY's case, Monday's trading range is this confirmation.
Friday's shortened trading day served as the ideal backdrop for a classic neutral doji. In & of itself, a doji with no real shaded body signals a battle between the bears and bulls. It suggests a future trend reversal (one way or the other).
But because Friday's doji was preceded by a dark body (Wednesday), we can conclude that the market is beginning to sever itself from its prior downtrend. (Note* I'm referring to a 5 day downtrend originally established with a spinning top)..
Although I'm keeping a watchful eye, I'm confident that Friday's last minute surge (on low volume) is signficant as we move into Monday's trading session. If we can start off strong, I see no reason why we cant test channel resistance (now around .02). If volume is present, we might be able to pop-out. As we all know, a PR will serve as the ideal catalyst.
In my wildest dreams, I hope to see 3 white soldiers coming off of this doji. Wouldn't taht be a hoot here at EOM???
Good Luck.
Call in a box closure - whatever you want.. Fact remains, INDR held up all day long with good volume towards the close.
I would like to see a 'higher-high- in volume -- as compared to recent volume bursts.. The afternoon will provide us with important clues..
Call me crazy, but I kind of like the idea of being back out of the Top 15 on IHUB. I like flying under the radar. Oh I'm sure there was quick dismissal when INDR didn't break at the open. These people were likely expecting a 9:30am breakout on news. When their formula fell through, they moved on. Fine and good. But they'll be back.. especially if INDR makes it to .0003. Then the rush will be on. Despite some long waits, volume is actually strong today. The recent 12 million share flurry (20 min ago) assures me that this is not dead. So I'm just going to sit back & wait..
And yes -- if we get to .0003, expect a flipper or two (myself excluded). I think it goes higher than that. just one man's opinion.. Good luck!
The weekly chart is a nice addition up there ..
Nice to see INDR in the Top 10 on IHUB.
of course there is very little to go off of here. But - as compared to a few months of nothing, this is something.. Hence this becomes a speculative play. Are we the early birds? or is this all she wrote? I like the bird theory.. GLTA
With all the negatives aside, it did trade 200 million+ shares today. What's that all about? Haha.. And with one (just one) ask remaining at .0002, there's a good chance that it moves higher tomorrow. A gamble? Hell yes! But despite the lack of transparency, the 'caveat emptor' status, etc., INDR is telling me something. What that something is, I'm not quite sure. My gut is doing the driving on this one.
I hope a PR &/or some explanation surfaces shortly. If something positive drops, you could easily see this one rise to .0005 just like that! Tonight's buzz isn't hurting either. Have you seen the IHub cloud lately? Haha GLTA..
I put a post out on the MOMO Breakout board. I figure if we can all post a couple remarks here and there, we can generate more awareness / & possibly get into the Top 15. Cant hurt right?
We have just under 100 posts on the day. Let's grow these !!
INDR - Look I'm no expert, but this symbol is beaming prominently in the IHUB buzz cloud tonight.
After a month or two of dormancy, it plopped down 200 million shares + today on no news (yet)!!
L2s were strong throughout the day. Around the 1:30 est mark, a flurry of volume reduced the the number of MMs on the (.0002) ask from 3 down to 1 (NITE). This held up until the end of the session.
Hitting .0003 tomorrow morning might just open things up for this low-float stock!
There's still very little known about INDR & many questions remain. Board members are mobilizing & are taking steps to contact management for a response. The board's new moderator hopes to have additional information sometime very soon.
It's pretty simple.. With activity like this, there's usually some type of follow-up. In addition, there are only a few .0002s left.. An initial move to .0004 or .0005 is reasonable to expect.. (last time i checked - that was a double!)...
Anybody agree / disagree ? I've seen many of these shine and fizzle before. For some reason, this one excites me.. & yes I'm long as of today (just one day - haha).. But the buzz is there... Currently around 80 posts & under the radar after today's push. / A good 'momo' play? / I'm thinking so...
GLTA
Thank you for making the effort Wash3...
one tick at a time .. my friend .. one tick at a time..
Yea it's a lotto play for me too (for the moment). I'm just so eager to hear a response from the company.
I normally dont buy pennies this cheap. But when I saw those .0002s dropping off (around 1:30est), I had to get in.. Pure gamble ? oh yes.. But I've seen these types pay off before..
It's only been 1 day. Tomorrow sure will be interesting...
Thx NYPharmer1 -- & thanks for becoming our Moderator..
Has anybody attempted to contact the company for information (per today's activity)?
Trading patterns over the next few days will be key.. Continued volume &/or the lack of volume will help to answer whether:
Wednesday's action represents a one-time event for INDR's pps?
or ..
Is INDR in the beginning stages of something big here?
Despite the lack of trading (last few hours - Wed), I still maintain that something is up here.. You just dont trade 200 million shares after a prolonged period of dormancy -- & then close up shop. Does anybody know why INDR stopped trading earlier this year? From where / whom did today's initial volume burst come? Many questions have yet to be answered. It would be reasonable to expect a response from the company directly.
Even if there is nothing here, there's sufficient 'buzz' for this to be a mover going into Thursday & Friday. Even at the close, there still was only NITE at .0002.
What will tomorrow morning reveal to us? This one is interesting. I hope a caught a big one...
It would not be unreasonable to expect .0003, .0004, or .0005 today. Heck!, trades are trickling in and we're only 1 away from .0003!
If you're on the sidelines, there may not be too much more opportunity for .0002..
A PR and this flies..
This is how the pennies get played sometimes. You HAVE to be aggressive & you HAVE to take a risk every now and then.
With bid-building & only one left at .0002, this risk seems safer than others..
There's more than meets the eye here..
GLTA
If/when NITE removes .0002, I'll expect a flurry of trading (that could take out the 3s).. If we can achieve a higher-high (on volume and pps [vs. 1:30 est activity], then we have a chance to break significantly...
L2s as of 2:10pm est:
Bid Side:
4 at .0001 (this is grown from earlier this morning)
Ask Side:
1 at .0002 (nite)
3 at .0003 (ssgi, doms, auto)
1 at .0004 (stxg)
1 at .0011 (lafc)
Figuring a stock (that has been dormant) doesn't just plop down 200 mill shares on the day -- with no explanation..
I figured it's worth a stab..
My 2nd post..