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No it's a price and volume pop. Only lasted 1 day, no exhaustion.
I'll try to pick out a few charts as examples as high candle spikes showing exhaustion and post them soon.
You are great, I'll miss your investing tips about triple zero pot stocks. But the board is not about investing in pennyland. It's about how to trade, the OTC game & TA & chart based reasons on any exchange mainly.
You got it correct now, this is a flippers educational board. LOL Not a Penny, micro, & sub penny investors promotion board.
Caution with IFMI, don't buy too large it has low daily average volumes. Use this approach if played.
PRMW http://stockcharts.com/h-sc/ui?s=PRMW&p=D&yr=0&mn=6&dy=0&id=p54845338467
IFMI http://stockcharts.com/h-sc/ui?s=IFMI&p=D&yr=0&mn=6&dy=0&id=p15255395373
RAD http://stockcharts.com/h-sc/ui?s=RAD&p=D&yr=0&mn=6&dy=0&id=p94898712695
MSO http://stockcharts.com/h-sc/ui?s=MSO&p=D&yr=0&mn=6&dy=0&id=p22932925616
FWLT http://stockcharts.com/h-sc/ui?s=FWLT&p=D&yr=0&mn=6&dy=0&id=p41395679089
MOS http://stockcharts.com/h-sc/ui?s=MOS&p=D&yr=0&mn=6&dy=0&id=p66903835506
Of all the boards you decide to post pot stock picks based on news, you pick the one which preaches
"NEVER believe the PR story. Trade retail reaction to it!"
This board is NOT about expectations based on up coming or resent news. Please stop promoting these types of posts as they are off topic and will be removed in the future, as such.
Thanks. This is NOT a pennyland promo board. It's an educational board about how to trade the market using TA & charting. Wrong board.
In RAD @ $7.42 to 8.00, also entered MSO @ $4.10 to 4.60. FWLT and MOS on strong watch with buy stop orders in. IFMI is climbing up from a single bottom bounce, in play. (Trade the resistance levels) And have PRMW on strong watch for $4.80 flag break to 5.20 for 10%+/-.
Ps; Welcome back - been away for a while!
GRPS
I see nothing in the chart indicating where it will go. Only reason to watch is TA entry/exit indicators are at a decision point. So something should happen soon. Just no pattern projecting which direction or target. But it does have a gap above needing fill, on the positive side. That target is .0024. Play plan .0018 to .0024, for 30%, if I were playing.
Good Luck Recent volume is a problem though.
http://stockcharts.com/h-sc/ui?s=GRPS&p=D&yr=0&mn=3&dy=0&id=p66621697390
A lesson on buying NO volume stocks, during an emotion price and volume surge.
I say it's a suckers play, because once the emotion is gone, there are no retail followers around to sell to. So you may end up with a gain during the pop. But you can't sell your gain on any retrace, because there are no retail followers around interested in buying. The only ones interested in buying are the emotional herd buying the run. If there was a following, others which have been involved in the daily price moves may buy your shares. But since it was a big guy or trading group which bought low and sold high. Your stuck.
TIP: Don't buy large in a dead stocks price and volume pop. Never buy more then 10% of the average daily volume of any stock.
Example; This one has around 5 mil worth of bag holders, that couldn't sell the retrace. You'll see less volume the next day. As this is a typical trading group accumulate low, create an emotion pop to sell, darkside play, you see all the time.
The more you see something happen the more you can rely on it!
The way to play these is get in and out the same day while volume emotion is there. Do what the big guys do! Sell to the emotional herd, because when emotion is gone, with the accumulated shares for sale, sold. There will be no one to sell to.
WFM OOPs NA I was wrong. The earning was bad. Stay away.
Think I heard it had a good earning report after hours. I'd check on that. Has a double bottom with over all $54 +/- target.
That was the pattern target and I personally sell at planned exit points. Be it gain wanted or loss acceptable.
My trading style has gain/loss sell orders placed right after entry. Then I just check to see what has closed each day. The decisions are made before the play is played. Each planned, don't care what I miss, only getting more wins then losses.
My pla for this one would have been in @ .011 and out @ .013.
LOL I just check that stock and posted an up date about it breaking out.
As for when to sell. I preach any gain is better then a loss and always recommend taking profits when they present.
Tip: the best exit signal I've come up with in an OTC running stock is when you see a high candle spike in the price run. That usually indicates exhaustion in the buying emotion and if the next day is a red day one can expect the retrace to start. This candle spike or red day after are exit signals. RED day especially should be sold IMO.
By the way.
Original chart post; http://investorshub.advfn.com/boards/read_msg.aspx?message_id=101480922&txt2find=vgpr
The more you see something happen. The more you can rely on it !
The Run/Retrace/Channel pattern post for VGPR
pop on day 7, My pattern called for break between 6 to 10 days.
Couldn't really trade the play because target reached in 1 day. But this is maybe the 50th time I've seen the pattern work. It's a good OTC pattern to look for in your charts.
http://stockcharts.com/h-sc/ui?s=VGPR&p=D&yr=0&mn=3&dy=0&id=p08512848647
VSTR business description ~ source: otcmarkets.com
ValueSetters Inc. is a provider of subscription services, advertising and digital goods using technology distribution platforms like the Internet and mobile devices in the media and entertainment markets. Revenues are derived from customers worldwide who subscribe to a chess website that allows them to play ranked chess games against international competitors. Thousands of free registered users can also play online chess at www.chess.net.
IMO don't bet on boredom turning up, without price manipulation. LVGI should be falling after 3 weeks flat and no dark side precipitation.
VSTR
For those thinking about jumping on board the emotion train. CAUTION. No volume to trade. 3 month average volume 300k. Who's going to buy your gain when this 2 day emotion volume is gone.
If you hold only 30k, 10% of the average volume, it becomes VERY hard to sell for gain, when normalcy returns.
Can't believe the damn S&P just refuses to continue. Allowing the ADX line to get all the way to below 10, rare. Been over a year since price stagnation has allowed that. Earning have been solid, is the word I'd use. Just saw that 216 US companies have over a billion dollars in cash and won't invest it. The rich continues to get richer. And yields will be low for a long time. Economic sentiment continues to be on the positive side.
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p27073323153
Have no idea what's holding the market back. Events can't even explain this.
Double bottom pattern trying to break out.
Can't help.
Your TA indicators are telling you the future. All say the stock needs a new emotion driver or price will fall. The Aroon is the perfect example. It went from tight parallel lines, indicating accumulation; to BE OUT of the stock.
WOW following NIOBF and the damn thing won't die. It's up over 50% more, since discussed at the board.
About what I've been preaching for years. Only problem is now I've been told Asher and others are settling for the discount gains only and not manipulating the usual runs for 5 to 10x profits and excepting the 50/60% or 1x discount gains.
This is something new on the OTC, a greedy, but not too greedy VC, venture capital firm. And plays havoc when expecting the usual manipulated pump run when debit conversions are found. And the price actually retraces on dumping without a manipulated run.
Now one more reason NOT to buy before the run is established and can be trusted to continue. Playing the OTC game!
It's in a channel now. Keep an eye on it the next week, per chart eval.
Same thought as with any reverse merger. Monthly watch. As for valuation, how can anyone determine value of a private company without financials or fundamentals to look at?
Keep an eye on EBAY. Expect the gap down to eventually fill. May produce nice 10%+/- gain on price move into gap area.
(Link back)
http://stockcharts.com/h-sc/ui?s=EBAY&p=D&yr=0&mn=6&dy=0&id=p90815976796
VGPR chart
This is a private message request. I don't do 1 on 1 private messages unless there is private info (numbers) involved.
The Run/Retrace/Channel chart pattern is one of my personal patterns you won't find in a book. The premise is how long a channel may last, before any breakout. There is no telling which way the chart will break. But if it's up your target is top resistance.
Take the up days and double, then add down days. This will give the channel duration before one can expect a break. Could be down or up. So targets are support/resistance. Thus this one could go to .0065 or .0125, in the next 2 to 5 days.
Yea there is smoke. Want to bet on fire? It's up to the individual.
Not my cup of tea. No chart history and highly speculative. Good luck.
Big board
Ok
I started thinking re-entry last week. Commented positive thoughts this week. Did my entry research last weekend and took my 1st position in RAD again yesterday.
I have a set of favorites I've always looked at first, after a stent on the side lines. They are MSO, FWLT, and what's hot in the Agricultural chemicals sector. AGU, MOS, POT, CF, TNH, where POT looks best. I played FWLT pre side lines and plan on re-entry. MSO looks good for a bounce and right shoulder of a heads & shoulders pattern at least. So here I go again, right back in with my old fav's. With no need to look farther. Will be back in the market next week, if all goes as expected and S&P 1890 falls. With entries in MOS, FWLT and POT for 2 week swing trades. Just a heads up to check them out.
Ps; POT needs the "V" bottom throw back and high resistance break, so it may be another week or two before I go in there. FWLT flag target 35.50 and MSO right shoulder target 4.60.
Would like to mention MSFT, which I played as a position trade last Q. I got the planned divvy and 41 target there. But don't recommend re-entry at this time. IMO it will retrace to lower channel trend line around 37/38.
My play chart
Chart now
Nice story line. Chart opinion as always;
Take profits when they present.
IMO if you want to invest, search the national exchanges. The OTC is for trading only. No matter how nice the story is. The company still has NOTHING but potential, based on news releases. Yes it's not a OTC scam outfit. And the stock looks free trading.
But it's also a non operational company dream, with no income! When it's mining and reporting profits, it's investment worthy. IMO till then, one is tying up cash which could be producing banked gains, instead of paper gains.
Nice find, but IMO adding on dips doesn't produce gains. Well worth trading!!! Not investing. No idea when the run will retrace, it shouldn't have lasted this long, it will retrace though.
REDG Is a null support wise
Support indicator conflict is when CMF has buy pressure over 2.5 while StochRSI is below 20 BE OUT state. Or reversed.
NO; no support indicator conflict at LVGI. both CMF and stockRSI are negative.
I found the old reverse mergers, I posted about.
FROZ April 12th put on monthly watch.
http://stockcharts.com/h-sc/ui?s=FROZ&p=D&yr=0&mn=3&dy=0&id=p52891423532
Also have
GLER Feb 11th on monthly watch
http://stockcharts.com/h-sc/ui?s=GLER&p=D&yr=0&mn=3&dy=0&id=p64031527685
My point was learn first things first. I think if you try to learn calc I and calc II at the same time, it makes things harder on you.
IMO study stock market trading then option trading. Not together.
When you post the same symbol to multiple boards, it's spam, as an attempt to increase awareness of one stock. Just a note, IHUB can and does place posters which does this in jail sometimes and you lose your posting privileges for a while. Plus making people aware of stocks which have bad charts doesn't help the stock move anyway.
The idea is NOT new, take a stock one thinks has a good story and increase awareness. Many beginners try this! So it can gain retail interest, which is good for the stock. That's advertising/marketing 101. Create top of the mind awareness. But it doesn't work and just clutters up message boards.
It took 3 seconds looking at the chart to know I couldn't trade it for profits, if I wanted. It has NO volume! Today it traded a total of $130. How can one make money trading a stock with only $100 to $500 dollars a day in volume interest?
NO volume, untradeable, musical chairs play, not worth watching.
http://stockcharts.com/h-sc/ui?s=FEGR&p=D&yr=0&mn=3&dy=0&id=p52724377729
I just posted about another reverse merger a few weeks ago. Can't remember the symbol? Saying it takes time for any stock price action after a merger is done.
It's the whole OTC game thing. Private companies reverse merge as an inexpensive way to become market listed. And gain other funding options for their company. Shell shifting is actually the preferred way, over all the paperwork, fees, expense and time require to create tradable stock.
The thing is once they have tradable stock, it takes time to find and secure the funding they are in search of. Thus it takes time before any new listed companies stock has a VC with their tradable stock to manipulate a run for.
My personal opinion is one can place new merged companies on a monthly watch list. As the new OTC game has just begun.
Explain; I have no idea what your point is.
Never mind I just found your point was to spam your stock. Post was removed as spam.