Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Well, what do you know. Buying coming in again. As one stated before. Closing price will be of interest.
Not likely to go after 200 period on a daily, without very strong news, until VbP bar resistance plus 50 period and 100 period ma's have been dealt with.
There is also more support confirmation needed at the 8.11+ level. Price shot through a declining upper BB which usually leads to some kind of consolidation between the midline and the declining band if price is going to hold strongly enough to begin pushing the upper BB higher for a bigger move.
Trend and momentum are liking the higher support idea, however it still needs confirmation.
Just my opinion on what part of the daily chart is showing.
For those with stock charts accounts, this is one of the daily views I watch.
PS: traders should have already been preparing for a pop as +divergences were growing for several days.
https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=6&dy=0&id=p91145250152
It is even easier now. Brokerages and funds can use hedge funds and dark pools for shorting and manipulation in $sizes no one even thought possible back then.
Many other ways through computer programming, information access all front running retail. More ways than one can keep up with for the market elite to fleece the sheeples. Even if SEC finds illegal activity they just pay a fine of 10% or less of their ill gotten gains and go on about their same activities. AVXL is not exempt from being schemed.
Just for fun I thought I would really step back and look at a 10year monthly.
AVXL actually looks very stable. Stupid naysayers.
https://stockcharts.com/h-sc/ui?s=AVXL&p=M&yr=10&mn=0&dy=0&id=p13036248443
IMO, the MM's have not purchased shares in any quantity. Because EGYF is still trading under the "shell risk" label, the volume is low and news is so sparse right now I don't think they have any interesting in stockpiling shares. If you eliminate crazy low volume pops, .18-.21 are about the highest prices any substantive volume of shares would have been bought or sold.
That is a great plan. Congrats
This is my long term pull back view. Yellow horizontal is the line in the sand if that current shorter time support were to break.
Price has held up in the danger zone very well so far. Lower blue BB needs to stay flat to keep that yellow line from being tested.
Just one tinkerers view of the weekly chart for 7 years.
https://stockcharts.com/h-sc/ui?s=AVXL&p=W&yr=7&mn=0&dy=0&id=p89891140520&a=861844297
Here we are in September. Hoping to see some progression in areas we are all waiting on to become more clear.
I don't whine, complain or bash. If something no longer fits me I discard it. I think EGYF still fits for the reasons I bought in and added.
I am here with all my shares, giving it time to heal its warts and move forward as a cutting edge nano-sensor player in the solar industry.
I am satisfied that my DD gives me sufficient reason to stay. Your DD may bring a different conclusion. It is buying and selling that creates the market and liquidity.
All those who have no stock that post here mean nothing to me. I only trust myself. Whether EGYF is mediocre, a loser or a winner I will follow my trading rules.
Green Trades to all the real traders here whatever you do.
Here is an update for you.
https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=6&dy=0&id=p26068493276&a=1490413325
That's easy. Just get off the train.
Yes, however what are the facts. Biio-tech sector down 0.60%. Fact. AVXL down 0.25%. Fact.
Conclusion based on confirmable facts. AVXL down today less than the sector. A statistically significant difference.
Your statement: " It was actually not a bad day compared to everyone else." TRUE and validated.
Alternate TA opinion to yours.
Low volume often accompanies bottoms as a signal that selling has dried up. "it could be bullish if low volume occurs in a downtrend. It could be bearish if it's noted in an uptrend." Is this enough to make a decision? No. Let's add trend with macd. Fast macd shows +divergence that perhaps a bottom is forming and standard macd is moving toward confirmation. Looking at price action there is a potential double bottom. Momentum indicators have not joined the up side but are hinting that they want to. Last 8 trading days have created a triangle with price in the apex that could go either way. Yesterday was a hammer doji and today an indecision doji.
There is also very strong overhead resistance. Most likely it will take substantive news to break through that resistance, however a test of that resistance without news would not be out of the ordinary, especially if enough buyers want to scale in.
What to do all depends on ones trading style, risk tolerance etc. It also depends on how one interprets the fundamental side of the picture. Fundamentally, AVXL is still in the "average" time frame for new bio-tech stocks to go from pre-clinical to full approval.
My opinion. You have chosen the most negative views both from a TA and FA perspective. I could flesh it out for more than anyone would want to read so I will stop here with my point made that neither TA or FA confirms such a negative conclusion.
Anyone with a stockcharts account can click the link below to see the entire daily chart that I barely scratched the surface of.
Green Trading to holders and buyers.
https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=6&dy=0&id=p68091055814
Yes, permalink for the win. 😇
Price not going much except down/sideways until the negatively stacked 4,8,13ema's change. 10 days now that price has not been able to confirm above the pink 4ema. Watch for it to flatten, and adx, rsi and stoch to support the flattening and an upturn. MACD's both are hinting potential for trend change. Without news price not likely to break resistance unless some big boy is pre-running news. JMO.
Green Trades
Will take positive news of some kind to break through current resistance as shown by the blue lines of a swing low candle and the green lines (zone) of the VbP resistance bar. The candle pattern from the Swing low candle (blue SL) is reasonably positive for sideways or up potential.
You will need a stockcharts paid account to view linked chart in its entirety.
https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=6&dy=0&id=p60526194245&a=1490413325
I'm around old friend. Been doing a lot of travelling.
Just doing my thing in my carved out corner of the trading world.
Still day trading ETF's. LABU/LABD, JNUG/JDUST, UVXY and once in a while one from oil or gas as my bread and butter. At my age, I value cash each night. Just pick the 1 or 2 best setups each day. Occaisionally no trade when markets are flat. More volatility the better with this system.
Still do AVXL once in a while for a swing, but no held position anymore. I watch JOBY. It had a nice run May, June, July.
One Lotto pink play, EGYF, which I am riding free shares.
I continue to use pattern setups and also trade excess lows to highs. Still mostly use pretty much the same basic charts and indicators.
For me the biggest thing in ihub land is how it has become a cesspool. Seriously considering just leaving for good. TOS has degraded to the point where anything is acceptable. Personal attacks are at an all time high and growing.
On a daily, AVXL will continue down until it can break and turn the 4 ema upward.
Gotta have stockcharts account to see full chart with all indicators etc.
https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=6&dy=0&id=p76101835716
Trade Green Always.
Amen.
Popped back up end of day.
Latest 10Q has been up on OTCMarkets since Monday.
Our time is coming, however I will not even attempt a guess on time frame. Did you see the Aug 4th PR?
"We are on track to submit all of our “Initial Review” paperwork to Glendale Securities in the next 24 Hours. Numerous key milestones forthcoming for our shareholders."
7:30 AM · Aug 4, 2023
·
1,098
Views
Once that process is completed, then I think the "shell risk" label should be removed.
Still here. Crickets so far. Just waiting for some news.
Good luck to you as well.
Doesn't matter what stock a trader/investor buys or what market. One has to see how it plays out.
At least the garbage is obvious here rather hidden.
So far, DD will show that the CEO and VP of EGYF have experience building successful businesses and it is interesting how their expertise is fusing together. A potentially industry disruptive technology on a potentially huge scale. Gotta give it time to fade or fly. I like the odds to fly so far.
High risk can bring high reward.
Green Trades.
There is one truth that needs to be kept in mind. The penny market has always been manipulated. Canadian penny market and USA penny market were both corrupt even before there was an internet. Talk about the Wild Wild West, the 60' and 70's were all about gunslinging. Information was hard to come by. Dozens of penny stock mailers and con artists. They have just adapted, not gone away.
Right now EGYF is in the penny market. First goal for uplisting is likely OTCQB. If someone doesn't know how to trade this market they need to learn first.
There is one rule that rules them all in the penny market, "buyer beware".
Knowing what you own is dependent on only one evaluation. Yours. Do your own DD. Evaluations will always differ. EGYF is no different.
Rule #2. Learn how to sift through the noise. If you can't emotionally deal with noise, then for sure the penny OTC market is not for you.
I know exactly the Karin you are talking about (Karin CA if I remember right). She and I many times DM'd and emailed comparing notes and thoughts on clinical trial results etc. Just a great person. Great at DD and processing bio information. We were in some baby bio's at the same time. Always friendly and positive even when others blasted her. A high quality human being. Haven't been in touch since she quit posting.
Green Trades.
Back in the mid 80's I was on Clearstation. Been here since 2000 on and off but had to resign in and now under different handle since 2010. Spent time on Yahoo, the Bull, etc. EGYF is my only penny hold right now. Like "backtoreality" said, this arena yields more losers than winners, however there are ways to trade them that can increase the green pile if one is disciplined with a plan. I never just buy and hold.
First goal is to trade until any hold shares are free. Most often one can do this as the vast majority have some kind of move. That said, one big winner can be stratosphere stuff. 😎
Free shares can be held indefinitely.
LOL, course there is always a chorus that says "TA+FA doesn't work on penny stocks". Haha. In this realm one must trust themselves and know how to do in depth DD. Actually, that goes for "big board" stocks in this computerized trading world as well.
My bread and butter is daytrading from among 5-8 leveraged ETF's.
Green Trading Wishes to all the real traders/investors.
Take a deeper look. Watch the action. Buying forces the ask side up. When bid and ask move accordingly and bid moves up with the time of trades showing the buying continuing at the same price that is all about the buy side pressure. You said you weren't a trader and you clearly don't know how to evaluate buy pressure vs sell pressure.
Here are two TA tools that clearly show the pressure. It is buy side pressure.
Interesting that on a 383,000 share day 3 posters are attacking another poster with nothing substantive about EGYF.
Oh, and EGYF closed at a new recent high of .16. 100% of the trades were executed at the ask side.
IMO a potentially positive omen for the future.
You said:"I guarantee if this takes off on a big run there will be many more Big time Ihubbers here pumping and dumping and bashing."
That is the single most accurate and likely of posts on this board in ages. It is a fact in the penny arena.
Investing in penny stocks, IMO is about the odds. I like the odds in EGYF.
Management has skin in the company and the technology has significant potential for being disruptive to the solar industry. MZ has proven success with nano-sensors in other applications. I also like the fact EGYF has zeroed in on one application of focus before adding others. Time will tell whether my investment pays off big, however holding these current prices will keep me well in the green. I will give it the time EGYF needs to prove Ebox up, pivot if needed or fade away.
Risk nothing, gain nothing.
Green Trades.
Too bad you didn't buy any of the .05 shares. Would have doubled your money.
They may be coaxing the bid up, lol , but they are paying top $ to do it. They must think it will still be worth more.
173,388 shares so far with .135 the low and .145 the high. 92,000 shares traded in the .14's. Only 2 1/2 weeks ago price was bouncing between .05's and .08's. Happy with this slow creeping upward and still no substantive news. Can't wait for some news flow.
With the amount of buying and price appreciation the last 3 weeks, I see that as a positive. I think it is a precursor of things to come that are positive.
This stock has been a major disappointment in rate of progression, however it still has enormous possibilities. This is often the journey that disruptive technology takes so I will wait it out. I just remind myself that Apple went public at $22 and dropped to .04 at its all time lowest. EGYF started here as a pink sheet acquisition/merger and a sub penny shell.
If picking companies and buying stocks was easy everyone would be a millionaire.
Green Trades.
Yesterdays IR update. They seem to be getting ready to announce something is my guess.
https://twitter.com/EnergyFinders
What idiot, who watches trades would sell down there when recent trades are .102-.11.
Bid ask was very tight yesterday. One of those things. Wouldn't surprise me if it keeps happening until "shell risk" label is removed. OTCMarkets has already posted the filing as received and they are audited financials so just waiting for them to act. No worries for me. Obviously there are buyers. All IMO only.
Exactly.
That said. If this scales to creating small power grid stations powering multiple homes in neighborhoods and brownfield applications as has been posed, then EGYF could not just be huge, but HUGE. The company already stated negotiations were in process for two brownfield sites.
The pieces of information that will be critical IMO are proof of concept and how funding is achieved.
Increasing solar efficiency and reducing the roof top and acreage needed for traditional solar arrays is huge by itself.
Opportunities to be at the forefront of cutting edge technology carries inherent risk, so do your DD people. Looks very promising IMO.
My WAG is anticipation of something forthcoming.
Scroll down through posts, go to their Twitter page.
Research the CEO and do other DD to determine if EGYF might be something you are interested in.
Scroll down and watch the 25 second video.
A nice little clip of what the Ebox will look similar to. It looks like the solar generation is in the box not on the roof.
Very exciting IMO. Hoping to see more soon and also the "shell risk" label removed. We shall see.
https://twitter.com/EnergyFinders
Over 600,000 shares of buying yesterday and today all in the .08's. That is a positive change.