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Up 15%, ouch that's a hit Duff. $LIGA has now launched.
Tell me what you think is going to happen next week when they release their Q1. I'm honestly hoping you're not suggesting on holding over the weekend. The thing here is the Accumulation. Who do you honestly think is buying up these shares slowly? Usually that's a sign of an institution that slowly buys shares as to not to alert traders. Then they pump it and boom it jumps. Then they slowly scale out. If you're shorting prior to that squeeze... Bless you
I know there aren't many shares being shorted here, so I'd like to know what the game is that's being played on stating this isn't bullish. Short term, yes it is bearish, but that's so nearsighted and dangerous. If you're swinging this play and were caught biting the bullet on a downtrend, then you simply go long until you're green again. If your emotions are telling you to get out. Then get out. But don't drag a company's name in the mud stating that it won't recover and that it's going to stay down. Especially after all the know and PR DD that's coming out whilst it is spread pretty vastly amongst our community.
Reason why it went down as much as it did is because of the short volume on the 7th.
Short Volume
As are my 500k shares at 0.014 and 400k shares at 0.012 and 100k shares at 0.0087. I will continue to accumulate shares. I have a ton of confidence in this company’s growth. A little DD and you can see that the A/D for this stock has been sharply increasing since January. There will be a big move coming, In my opinion, that move will be parabolic and will be well over 0.05¢
If tomorrow confirmation, expect to see another big run. Will update with chart shortly.
0.01 is acting like resistance, you can draw a horizontal line over and it matches up perfectly. I'm expecting tomorrow to be a break through day.
With the hype and anticipated 1st Quarter ER soon to be announced. We could very likely be seeing this test new highs soon. $LIGA
That’s what I was thinking too. I sadly didn’t get any at .085, would of loved some there.
Was able to pick up some cheap ones today. 120k @ 0.0087
What an amazing post, lots of great data here!!! Thank you for the effort and time put into this. $LIGA
Thank you! $LIGA is accumulating nicely. :)
Massive uptick in accumulation today. $LIGA
Total Accumulated:
Friday: 1,632,352,931
Monday: 1,630,227,699
Tuesday: 1,631,664,218
Wednesday: 1,638,745,635
------------------------
We not only regained what we lost on Monday from Friday, but we reestablished. Total Accumulated Today: 7,081,417
Volume was 8,497,700
I'm currently waiting to purchase 150k @ 0.008 not much, but it will increase my overall hold to 1m shares.
If they follow last year's schedule for releasing their quarterly report. Next week is a dangerous time to short. Especially since we know they made capital. $LIGA
In order to have no interest, there would be no negative comments. In fact there would be no comments at all about the direction of the stock. The board would be empty. But obviously that's not the case. In my opinion the next few PR's here in May will drive this back up to test. 0.0142
Next stop, 1st quarter earnings. $LIGA
This needs to hit and sustain at least 50% of yesterday's dip to be considered bullish again. At that point, in my opinion we'll start seeing a ton of buy's for Wednesday.
I hold a pretty big stake at 0.012, and I won't sell until around 0.047, just my out price. Since the company has plans to play around with shares around 0.05
Well, it was a bearish breakout. So could be why we're on the board. Let's hope the bears stay away. Currently our short ratio is pretty good. I believe we'll go green today.
Short Information $LIGA
https://otcshortreport.com/company/LIGA
Next investors meeting they have, I'm interested in how much they're going to dabble in HEMP since on their site it's listed as one of their business avenues. $LIGA
Today's the first day we lost accumulation, went down from:
1,645,670,978
1,643,545,746
So, we lost 2m? That's really not much of a loss.
Look on the bright side. It finally got our volume back up and since it's such a dip, many will buy. This will work out for us. $LIGA
If you use the ATR indicator, you can also see that LIGA is slowly becoming more volatile. Accumulation + Volatility
Awesome, thank you j45! I need to add that to my charting toolbox. Never used it before, I usually use CMF which is similar.
Price holding up on this low volume. How's the accumulation?
Huge bid size
Yes, I purchased 100k more today.
Only way I will agree with you that this is a sell. Is if it breaks the huge support at 0.001 and closes under it. If not, then this is simply a price test and we'll expect it to continue its uptrend. IMO, this is a great time to buy since you're buying almost near huge support.
Everyone stating that this is bearish, look at that candle. Which way is the long shadow? That my friends is a bullish candle. Also, great analysis ChannelTrader. Hit it right on the money.
Thank you, it will be an interesting week for sure! :)
Another view at the 38.2% retracement against Support 2.
Support 1 = 0.01 // Support 2 = 0.007
I've added the volume markers vertically so you can visually see where the support and resistance is on the chart. This will help you discern next time you go to call me a liar.
Fibonacci Retracement is a ratio to find reversals in a price. This uses supports and resistance against highs and lows shown below. We should expect to see a reversal Monday. If not the downtrend may continue.
Guess we'll see. It sounds like you might have a short interest in this stock. That's fine, but let's not create fake paranoia where there is none. The company has been one of the best I've seen when it comes to taking care of their Traders. Let's keep this positive otherwise. The market is moved by emotions, buying and selling. By sitting in this forum spreading rumors that it will fail. It will be creating angst and regret among day-traders. Which is strictly against the forum rules. Unless we have a fundamental or technical proof, leave it off the board. My technical proof that this stock is still bullish is that 20 EMA it's been bouncing off of.