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Huge bids stacking up.
Huge bids on TNXP
TNXP what was that?
Possible to close between 8.36-8.56. IMHO could close towards one of these numbers.
Once we are out of 8.5ish , 8.8ish is the next zone to break
Yes, glad everyone is making $$$$
There she is..
Agreed - I am thinking it will consolidate/close between 8.2 - 8.5ish. Charts are looking better.
TNXP news - closes offering - gross proceeds 20.1 million $
TNXP news - closes 20.1 million dollar offering
She likes to surprise us today, but little did she know that we expected this. Lol.
TNXP - going up as per plan.
TNXP TA thoughts 7/16/2015
For those of you interested in TA, I thought I would take some time to post my findings, considering the potential for this stock to gap up in next coming days. With the public offering closing on 7/17/2015 combined with the fact that PPS is steadily climbing from offer price, this stock is on radar of many short term and long term investors alike.
a) On 30 min/1 hour chart, we are starting to witness trend change (supporting Bulls). Many indicators confirm this change today.
b) The daily chart is showing bearish symptoms, but considering the offering made by TNXP, this statement shouldn’t come as surprise. Bullish shorter time frame chart ( like 30 min/1 hr ) is expected to reverse some of the indicators on daily chart ( to bullish ) in next few days.
c) Looking at RSI levels ,some may consider the stock to be overbought in shorter time frames and therefore expect pull back to happen. Considering the daily chart to be close to oversold levels, this stock can gap up faster to higher pps if it wants, and consolidate later. RSI indicator for this stock would be of little importance, given this stock's past performance.(RSI had gone down to '2' on 10/16/14, '93' on 1/13/14. Also noting bigger time periods where RSI stayed below 25 or above 80 ).
d) 7.8ish area would act as our strong support area.
e) 8.2 – 8.5 have tons of resistances, MA50 lines, Fib lines etc. 8.8ish and 9.3ish form the next resistance zones.
f) The big fluctuation on prices should be expected for this stock, and should be considered normal.
g) With that said, the most important observation that cannot be ignored is that the chart matches the fundamental aspects of this stock, and appears to be bullish short or long term.
I can be completely wrong here.
Always have a plan, trade smart, and good luck.
TNXP TA thoughts 7/16/2015
For those of you interested in TA, I thought I would take some time to post my findings, considering the potential for this stock to gap up in next coming days. With the public offering closing on 7/17/2015 combined with the fact that PPS is steadily climbing from offer price, this stock is on radar of many short term and long term investors alike.
a) On 30 min/1 hour chart, we are starting to witness trend change (supporting Bulls). Many indicators confirm this change today.
b) The daily chart is showing bearish symptoms, but considering the offering made by TNXP, this statement shouldn’t come as surprise. Bullish shorter time frame chart ( like 30 min/1 hr ) is expected to reverse some of the indicators on daily chart ( to bullish ) in next few days.
c) Looking at RSI levels ,some may consider the stock to be overbought in shorter time frames and therefore expect pull back to happen. Considering the daily chart to be close to oversold levels, this stock can gap up faster to higher pps if it wants, and consolidate later. RSI indicator for this stock would be of little importance, given this stock's past performance.(RSI had gone down to '2' on 10/16/14, '93' on 1/13/14. Also noting bigger time periods where RSI stayed below 25 or above 80 ).
d) 7.8ish area would act as our strong support area.
e) 8.2 – 8.5 have tons of resistances, MA50 lines, Fib lines etc. 8.8ish and 9.3ish form the next resistance zones.
f) The big fluctuation on prices should be expected for this stock, and should be considered normal.
g) With that said, the most important observation that cannot be ignored is that the chart matches the fundamental aspects of this stock, and appears to be bullish short or long term.
I can be completely wrong here.
Always have a plan, trade smart, and good luck.
Agree with you 100%.
Agreed.
AST breaking out
I don't know if consolidation is required, because chart has room to run. Will see later today/ trw
TNXP - let's take this to 8.2$+
TNXP moving up.
TNXP setting up for 30-40 cent move.
8.2-8.5 area is the one I am going to watch closely. My guess is when this moves, we could see consolidation in this range. Plenty of resistances , and nice area to consolidate
This pop can happen any minute now. Countdown begins here.
We should see TNXP pop in next 2 business day. Nothing can tame this beast down. :)
thanks jbem - added TNXP at 7.8 just now. Looks promising here.
TNXP very strong close. This would explode in next few days.
Bullish cup pattern in intra day. Let's see if this is good enough
TNXP possible head and shoulder pattern on work on intraday
Rebound I also hope to be quick based on bullish chart pattern. But offering period end on Friday I guess. Plenty of big investors took position yday - evidence based on dark pool trades.
Buy pressure is big - consolidation zone is 7.4 - 7.8ish. Volume expected to reduce slightly over next few hours. If we break 7.8ish, it's a clear indication market loves this stock imo
There she is - testing 7.8$...
The gap up seemed to be happening today - extending from ydays high. Would be interesting to see if this can break 7.8$.
This stock also has ability to make near consecutive big green candles.
Agree in next few days I hope we test 2.4ish area
Yep.
That's one of the reasons for drop below 2$ from 2.95$. The way I see it and I have mentioned it earlier when I provided TA outlook is that someone did load back in Feb-March when there was some sought of offering. I don't recall but if you see feb 4 2015 volume it recorded more than 1 million - pps remained almost same, and there was huge selling and since pps remained the same, buyers bought the same. If you look into history of this stock, the only unusual volume you would see would be on Feb. these investors could be behind the pumping on July 26. I can only speculate here, and I may be wrong.
Later in the evening - I was planning to post one today because of trend change that occurred yesterday.
We are on next zone. Little consolidation here (2.2-2.45) would help before this can rise any further. Hourly chart is cooling down as I said earlier, daily chart is slowly turning into bullish mode. IMO we would see consolidation between 2.2-2.45
TNXP - watch for breakout in next few hours. Intraday showing bullish breakout pattern. Possible gap up 7.7$ + and test of 7.82
SNGX - Low volume plus consistent gains. This is what we would see next few days. Expect little consolidation b/w 2.22 - 2.45. This would make daily chart bullish and cool down hourly chart.