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I don't want to see NNRF close below the uptrend line of the triangle, of course I could be little liberal and ajust the trendline somewhat, still I want to see it hold, but it really needs to hold the $2.45 level because that's the recent low (see gold band). Volume has been light thus far so we'll see. I would hate to see NNRF break down and test the lows again, so hopefully it can find support near this area.
I know what you mean and yes we need news. However technicals still work for pinkis, just not as well as normal stocks.
For example, when NNRF fell below the first major support at the dotted line in the high $4's that was bearish and it fell below $2 ultimately. So how did techincals not work?? I say if it breaks out here then it's bullish because it would change the mass psychology.
Anyway, we all want the same thing (except for a few bashers) for this thing to come to furition and rally big time. So why are we arguing anyway??
Updated chart:
NNRF continues to consolidate in the triangle, a big move is coming and hopefully it's to the upside, the lower trendline is support. If NNRF can breakout of the triangle to the uspide on good volume, then it would be very bullish. The dotted back line would be the first resistance zone after the downtrend line is broken. We do not want to see it break to the downside.
We'll see...it should break within the next couple of weeks as it's getting close to the end of the pattern.
Here's a new chart of NNRF, it appears to be forming into a large triangle pattern. Support is at the lower trendline, and resistance is at the downtrend line; also notice how downtrend line also matches the 50 day MA. If NNRF can break out of this pattern to the upside on volume, then it could begin a strong push back to the highs.
I said it was highly speculative, it either works out to a huge winner or not. I covered that base, so what's your point?
$5000??? come on are you serious, that's chump change, I'm surprised it was that cheap. I know crap firms that spend hundreds of thousands on PR to mail out worthless reports via snail mail and some spend a million and you're worried about $5K? I'm sure most of you get a lot of these in the mail.
You know what I mean, most of you probably get a lot of junk mail, just like I do. You know, paper reports on a stock that's supposed to be the next big thing, and the report is written like a sales pitch. NNRF report isn't like those junk reports
I've read the report and I posted it on my financial site where I've covered NNRF since late March. I thought the report was excellent. It was technical and not done in a sales fashion that tries to push stock. The report looks like it was not meant for public dissemination really because it does not contain a bunch of fluff - seems more geared for institutions and financers to read.
And come on guys, $5000 is NOTHING!
The stock is highly speculative of course, but also seems to have high potential, that's all you need to know, it’s either going to be a big winner or big loser.
Here's a daily chart:
http://tinyurl.com/29ahjd
http://www.breakpointtrades.com/
This chart speaks volumes
http://tinyurl.com/create.php
I haven't posted in a whle, but technically NHNRF continues to tighten, check out those Bollinger Bands how they have tightened up. Along with decliing volume, a big move is coming, all it needs is some news to act as a catalyst.
GRSR Chart finally starting to look better:
GRSR appears to finally trying to put in some sort of bottom: Positive Divergence, tight BB which suggests that a big move is coming (hopefully to the upside), volume has dried up
http://www.breakpointtrades.com
Well the chart is now looking better; it has put in somewhat of a bottom with nice positive divergence via the MACD. However, it has a lot to prove, both chart wise (technicallY and fundamentally.
Thanks for the link Stocktiger, that's intersting. What I find really interesting is that I'm hearing that there are plans to start building a new nuclear power plants in the US. There have been no new nuclear plants built in the US since the 70's, but that is about to change appearently. The world is going nuclear and the pace is accelerating. It's funny, many of the same activists in the 60's and 70's that protested nuclear power and helped prevent and stop the building of nuclear plants in the US, how now switched sides, not just Patrick Moore, but a lot of them.
gibson99, what you and other shorts from stocklemon don't realize is that many of us like myself and gold80302 made huge profits on NNRF during the big runup. For example I bought NNRF in the low $1's originally, then bought more in the $2's, 3's and 4's. Then I sold ALL OF my stock in the $7 - $9.5 range.
Then I started buying again when it consolidated. I bought a little too early, but then I bought more when it fell in the the $4's and now my average cost is about $5.30 on my new position. The point is, I have so much profit from the original runup that NNRF could fall to the $4's, $3's or lower and I'd still be up. The selling has dried up and it's basically holding up fairly well on light volume, which is bullish. Everything is a gamble of course and yes this is speculative and I treat it as such, but it also has big potential.
Well, NNRF remains in a downtrend as long as it remains under the trendline, so technically it is in a downtrend. The volume has been light on this consolidation period which shows that a lot of the weak hands are gone and content to hold. NNRF needs a catalyst to jump start it such as news in the short-term, or more consolidation. Also, I currently have the pattern drawn as a falling wedge, but realize that over time I may need to adjust that pattern if the sideways consolidation continues.
No NNRF did not yet break the downtrend line, it stopped there and further confirmed it as resistance.
Use the following link to see the chart. This chart updates on its own, so you can pull it up at anytime to see how it changes.
http://stockcharts.com/h-sc/ui?s=NNRF&p=D&yr=0&mn=9&dy=0&id=p12046348830&a=1...
Stocktiger, NNRF could also be in a falling wedge pattern as I have drawn below. Of course, really the downtrend line is the 'key' here, which is the same with both of our patterns. We'll see, this consolidation healthy and I don't know why people are so impatient. With the strong management and key people being positioned in the stock, it's only a matter of time.
I also cover NNRF at my website:
http://www.breakpointtrades.com/
NNRF appears to be forming into a bullish falling wedge pattern. If this is the 'true' pattern, then NNRF could still fall to the low $4's, however a break of the downtrend line on volume would be bullish.
NNRF just needs a catalyst via news. Right now you have shorts trying to scare the weak longs and technically it needed to consolidate anyway.
Here's the chart:
http://www.breakpointtrades.com/
http://stockcharts.com/h-sc/ui?s=NNRF&p=D&yr=0&mn=8&dy=0&id=p21475048483&a=1....
Here's my chart of NNRF; via 60 min chart. Forming into a triangle pattern on the 60 min chart.
http://stockcharts.com/h-sc/ui?s=NNRF&p=60&yr=0&mn=1&dy=10&id=p85272528220&a...
I'm with ya Peridot. This stock has really been a disapointment for me for a long time and I know it has been for you as well. We'll see if GRSR can get up to date this month with financials, audit, BB listing.
Some fun stuff:
I'm sorry of this is off topic IB hub moderators, however with GRSR doing essentially nothing right now, here's a couple of cool videos:
The first shows how solar pannels are made:
Peridot, I will send you an email this weekend on all that I know and that I don't want to post on a public forum. However, I like you, am getting impatient and not too happy about how this is proceeding.
Yep I agree with you, and the next big step will be for the 50 MA to cross over the 200 MA.
Yep, agreed.
Thanks! looks like GRSR bounced right off that uptrend line on Friday.
I thought about buying some on Friday when I looked at the chart, however when I looked at the spread on the bid and ask, I passed. When I looked, the bid was 0.87 and the ask was 1.07! 0.20 cents??? amazing
Guys, just draw an uptrend line to find support, see my chart:
Simply draw an uptrend line from the December lows and connect it to the January lows. As you can see, the uptrend line matches the 50 day MA right now.
Of course, hopefully GRSR does better than this uptrend because it shows us that support will only be about 1.5 by May and I think we all hope that it's much higher then 1.5 by that time.
Also notice that stochastics are finally recycling back down from overbought levels, which is positive and will soon be oversold again. Here's the chart:
http://stockcharts.com/h-sc/ui?s=GRSR&p=D&yr=0&mn=7&dy=0&id=p26232308735&a=9...
I upadated my charts: The dotted lines represnt the next resistance zones. Nice day!
http://stockcharts.com/h-sc/ui?s=GRSR&p=D&yr=0&mn=10&dy=0&id=p89534608819&a=...
http://stockcharts.com/h-sc/ui?s=GRSR&p=D&yr=1&mn=0&dy=0&id=p61211492167&a=9...
Yep stocktigerdotcom is a friend of mine and does great work! I'm already on the Hall of Fame on Stockcharts and can't get any votes, only views. Vote for stocktiger because he is trying to get on the HallofFame as well.
Also stocktigerdotcom, shoot me an email when you have the chance:
matt@breakpointtrades.net
Oh yeah! As pretty as a supermodel!
For some reason I didn't have the 200 MA on my GRSR charts, I added it to the charts:
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID369857&cmd=show[s95597679]&disp=...
Sweetcrude, I added your fundamental comparison of GRSR to other solar stocks. I doubt that you mind, if you do I'll take it off since I didn't ask your permission.
Public Stockcharts Hall of Fame Charts:
My name is Matthew Frailey and I am a 'Hall of Famer' author and I hold the 'Top Spot' on Stockcharts.com public page;
see link; I'm the first one see the link:
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=public&cmd=show&disp=RED
I have two GRSR charts on my public list, and I also have placed 'sweetcrude's' fundamental analysis on my list from his message # 566 on this board:
The charts are on page 4 on the public list. As you can see, charting is my forte:
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID369857&cmd=show[s95060822]&disp=...
Over a months time, my list get's a considerable amount of hits and views, therefore hopefully this will bring a little more exposure to GRSR!
The next target would be the 200-day MA at $1.11, and then $1.40 shown on my chart as a blue dotted line.
whoever at Invetorshub admin, maybe you can place one of my charts on your page like you did with Stocktigers?
GRSR charts:
Here are two pretty cool charts of GRSR: ON the first chart, I use a series of moving averages; when the MA's cross one another and inflect, that usually marks a significant reverals. Note how GRSR recently crossed over the MA ribbon, which is now acting as support. Nice increase in volume as well.
http://stockcharts.com/h-sc/ui?s=GRSR&p=D&yr=0&mn=10&dy=0&id=p89534608819&a=...
The next chart is a long-term chart and shows the 'big picture'. GRSR broke a major downtrend line recently, which was confirmed via an increase in volume. The region shaded in gold is resistance. Also note that GRSR has closed above the 200-day EMA, this is bullish.
http://stockcharts.com/h-sc/ui?s=GRSR&p=D&yr=1&mn=0&dy=0&id=p15192196622&a=9...
Ahh, you guys here are lucky, now you have two technicians here.
Acutally stocktigerdotcom is a friend of mine. Nice to see you here M. shoot me an email, let's talk, matt@breakpointtrades.net
I'm reposting my message from the Raging B board here
since you guys bought it up, here's two charts of crude oil and gold:
First off crude oil:
Here's an 8+ year weekly chart of crude oil, as you can see, there is a support uptrend line going all the way back to late 1998. The uptrend line appears to be somewhere in the high 40's; $48.5 is my guess:
remember to take the spaces out of the links:
http://tinyurl.com/ybym4d
Next, gold has mega support at the 65-week MA, period, which is current at about $587.
http://tinyurl.com/yc6d4g
--
By the way, VERY nice day for GRSR. The 50 MA is clearly support, hopefully it will break a dollar soon, maybe tomorrow. The Stochastics are finally turning up again, which is positive
sweet crude, I hope you don't mind, but I used your excellent summary of GRSR in my weekend newsletter, I also gave you credit.
Sure, here are your charts:
Sure Grock, here you go:
First here's a weekly chart of crude oil: Today was a bad day as you know for oil. The US Dollar rallied strongly, which is what caused the big drop in commodities, but I'll go over this further below. Anyway, crude broke a weekly uptrend line today going all the way back to late 2001, which was major support and is bearish. HOWEVER, keep in mind that this is a weekly chart, which means that it takes a week for each candlestick to form.
Therefore the way this candlestick and weekly oil chart looks on Friday is what's really imporant. Here's the chart: Also, there appears to be a horizontal support near about $55
http://tinyurl.com/y8gj8x
Next, the US Dollar rallied today strongly, which is what is causing all this washout in commodity stocks. Here's a chart of the US Dollar. Notice that the Dollar has broken an uptrend line. This broken uptrend line is now major resistance.
Therefore, here's how I think it might all play out: The Dollar rallies just a little more but tops out at or near the broken uptrend line - it will be near the broken uptrend line where the Dollar tops out that commodities such as crude oil will finally bottom. Here's a chart:
http://tinyurl.com/t35rk
Here's a daily chart to show you better detail:
http://tinyurl.com/y5antg
Thanks Peridot! I'm flying late tonight to Miami and the Keys for a vacation through Sunday. Would a nice present to return on Sunday night and see GRSR trading on the BB and/or the price higher. Oh well, take care guys, see you next week.
GRSR charts:
Okay since I'm the chart guy, here are my updated GRSR charts.
First off, the volume on Thursday was almost 550% above the average 60-day volume of 50K; 270k vs 50k. Friday's volume was pretty good too and the price finally broke above the 9-month long downtrend line. GRSR is now above the 50-day MA and downtrend line, which is bullish and hints that the downtrend might finally be over. The MACD has crossed up above zero and the stochastic indicator has turned up.
http://tinyurl.com/shjco
The second chart is GRSR plotted on a shorter time frame in order to see a closer view. The next resistance levels are 0.90 and 1.00. Also, the broken downtrend line of the triangle, which was former resisantance, is now considered support.
http://tinyurl.com/yyezsq
Here's a new GRSR chart, nice to see the volume pickup, though it still has to clear that downtrend line. Would love to see a break of that line on 200K plus shares
http://tinyurl.com/yyezsq
The US Dollar has broken two supports over the last week, this will help commodities.
Here's a daily USD chart:
http://stockcharts.com/h-sc/ui?s=$usd&p=D&yr=1&mn=0&dy=0&id=p85786017974&a=3...
The last support comes in at about 80 at the December 2004 lows:
http://stockcharts.com/h-sc/ui?s=$USD&p=W&st=2002-04-01&id=p96079359860&a=76358473&a...