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BREACHER....my appologies....
And I must admit that with regards to my rather nasty "Times" post I was not torched nearly as much as I expected.
Chartist1
BREACHER....what in god's name....
Is a "True Long"?
That is a sentimental term that will get you killed in the market. Maybe not in NEOM, but dude I really do know from experience. I know what a "True Long" is.....it's someone who will never let go even when the water is up to their eyes and they are holding on to a power cord.
This really is a fairly good board and there are very, very, very few good boards.... but hugs, companionship and blind faith are not winning components in the stock market.
I love my fiancée and my 3 dogs like a shameless romantic. But in the market, blind faith and romanticizing your favorite "little" stock will get you eaten alive. I know.... I have walked the path.
Chartist1
BREACHER....I am quite sure....
you are referring to me.
I would like to think that paying extra to Stockcharts for the sole purpose of being able to post annotated charts for others is a bit more than being a belittler.
Yes, I stirred the pot a bit (but after much consternation).
I don't have my chips on the table to cash in on group hugs.
Chartist1
hangdog....I know you do...
You are in the photo with at least one of them.
I am not the voice of this board and I know that. I don't pretend I am.
I know there is a great deal of passion for this little company, I just wish I did not have to page down even further to read about it.
It's well meaning....you all are.
Chartist1
I have to say it.....
I know several people worked hard on it....but doesn't anyone else besides me think the Time Magazine header is "geeks gone wild". It's truly not relevant and......oh, god....isn't it obvious?!
Pleeeeeeaaaaaaassssseeeeee say that does not represent you guys on this board. And if you are wearing double-knit pants, don't tell me.
I'm sure I just made a ton of friends....
C1
OT: Somebody knows something on GZFX....
Up 50% on 424 million shares and no news...
Chartist1
Steelers_Fan...I was just agreeing with you
Not sure it came across that way.
"Cowboys Fan"
Chartist1
Re: Paint Unit....
There is nothing boring about revenue drivers that tap into a rich AND exclusive market.
This IS very good news for NEOM and the paint unit is not one to be ignored.
Chartist1
GONEOM....to answer your question....
That is a logical place to watch for as well as the downtrend-line that runs from the high at .74cents.....remember we broke above that. The two come close to merging.
As long as the moving averages are heading up on the weekly and monthly charts and the CMF is cooking on the Monthly chart(as well as other indicators), the medium and long-term trend trumps short term action at this time.
hope this helps,
Chartist1
Ascending Triangle Update:
At support.
A couple of points to make. There are many different personalities on this board and everyone takes in information in slightly different ways, BUT, a breakdown in this pattern (should it occur) would not be a calamity. I have consistently posted both the weekly and monthly charts here, and on the Monthly chart you would not even be able to see this pattern. The pattern, however, is relevant if you want to add to long-term positions with a break to the upside.
Finally, today's volume was far from heavy, and as I pointed out with my mid-morning comment, 1.5 million shares were purchased (not sold) during a one-minute segment this morning.
I would suggest to some here that taking a step back to take in the big picture would be a good use of time. Having said that a "True Long" as the term is sometimes used here - I would define as the person willing to pick up the fallen power line and step into the water. I can say the following with certainty: There is no honor in being stubborn to the point of blindness.
In closing, NEOM is going through a provocative phase right now. Enjoy it, study it, demand from it and don't get drunk in it.
Chartist1
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[h,a]daclyyay[pb50!b200][vc60][iut!ub14!lh14,3][j...
nutsoc...re: CMF....
It is strongly positive on the MONTHLY chart.
Chartist1
One post them I'm back to work!
I ran a 1 and 5 minute chart for today and there was a 1.5 million share BUY (not sell) during the 1 minute time frame earlier this morning. Yes the overall day is down, but 1/2 the volume is on what could be a single buy order.
There are many factors to consider guys. I would encourage some of you to not bite on very single tic.
I will not be answering questions until later tonight as I don't believe in posting while at work.
Please understand and remember one thing:
PRACTICE HARNESSING YOUR EMOTIONS: THEY ARE YOUR ENEMY IN THE STOCK MARKET.
Chartist1
stocktrader1......
I was waiting for that question.
The pattern is never negated.... it does exist. It's the reaction from it that we are watching. Your question is one of the reasons that I post both the weekly and monthly charts as well. While the Ascending triangle is the pattern dejour right now...it is over a very small time frame and the much longer indicators look very healthy regardless of how the pattern breaks. One of the reasons I am focusing on it, however, is because:
A) They usually break up
B) A break through the triangle ceiling would be an excellent point to add to current positions with conviction and not hope.
Remember, if we do indeed believe NEOM has a bright future, you always want to know exactly WHERE to add to positions during the advance with more than hope and a genie lamp. A beak up would be an excellent risk/reward place to do so.
No, I personally would not sell with a break to the downside, but I would not add, either until another clear opportunity presents itself.
Factors to consider would be where you most recently added and how much you would want to sell but that is cutting hairs too much for this room.
Remember, know the BIG picture and avoid the daily noise.... the big picture is currently very healthy.
Hope that helps,
Chartist1
neotechian....thank you: ...
It's really a matter of my progression over time that has taken me to the point of view I have now. There are formulas for success and in the stock market sustained success demands a single minded study of what you see, not what you want to see. It's a lone road (trust me) and it's not for everyone.
I rather enjoy the challenge....and not just for the money.
Chartist1
Ascending Triange Chart Updated:
Rather quite day which is very typical of a tightly wound pattern nearing it's decision point in a very narrow range.
Rock On!
Chartist1
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[h,a]daclyyay[pb50!b200][vc60][iut!ub14!lh14,3][J...
Re: Ascending Triangle timing...
....and a bit more yammering.
Some have been asking "how many more days until this pops".
My response would be to just be patient and let it play out. The important thing (for those who are following it and might add to positions if a breakout occurs) is that you now have an outcome to watch for with well-defined barriers. That puts YOU in control and that's what trading/buying/holding/adding is all about.
Could news be the trigger for a breakthrough.... of course. But it's not necessary. There are many chart watchers, and alerts will go off if this breaks through on volume. Well-defined patterns tend to be a self-fulfilling prophecy. Everyone knows what the pattern is "supposed" to do so, absent sideswiping negative news, they tend to play out as expected.
Final comment: The stock game is not about predicting.... that (I'm sorry) is a fool’s game. It's about having knowledge that gives you control... and that give you power and conviction.
The reason there are almost no rich "pedestrian" day traders (and there aren't) is because luck or tips will never get you there. It's hard work and discipline.....just like most things that can produce big payoffs.
I really DO have a great sense of humor.... but how many people are giving you the perspective that I am? There are MANY others who are quick with a laugh on chat rooms and I will leave that the them.
Chartist1
seeclear...I listened to plenty of
Led Zeppelin tunes with an "enhanced" mind during the 70's.
Frank Zappa too.....
ChArTiSt OnE
SRM...re: My humor void.....
I supose I "Seem" to have no sense-o-humor because I have seen hundreds of chat room’s throw advance parties that never happened because only the bullish viewpoint was inspected and accepted. "We see what we want to see".
Now, there are plenty of concrete reasons to be very optimistic on NEOM (that's why I am here) but, I have been doing this for a long time and I too popped the cork early on several occasions, but I make a point of learning from past mistakes.
In short, when my money is on the table, I am unbiased, focused and have zero assumptions. I play what I see and that is it. It's not "cozy", but it has made me very successful after years analyzing my mistakes to see what I missed and what I could have done differently. I am always learning...or trying too.
No offense, but I can't do that if I am using the word "supercompany" in every other sentence. I never, ever tie my emotions to a company.....I trade long and short to make money and I never lose sight of that.
Bah Humbug?
Chartist1
JP...I can't private message you....
But always nice to hear from you.
Chartist1
Time Magazine: The Wireless Wizard of Oz
TIME MAGAZINE
The Wireless Wizard of Oz
(insert photo)
elliot.....thank you....
My 3 dogs think I'm the Court Jester, but thank you agian.
Chartist1
NEOM employee count about 150 without Mobot?
I can't find Mobots employee count but 150 seems fairly close without them.
Anyone have better numbers yet?
Chartist1
ASCENDING TRIANGLE CHART UPDATED:
Well, our friend the Ascending Triangle continues to wind tighter and tighter within the range. In addition the RSI is showing more strength with continued support at the midway point (shown in chart). Please remember this pattern is not a lotto ticket, but it is a high PROBABILITY strong bullish pattern. We should see a resolution to this pattern during this coming week.
NEOM management has really picked up some very exciting brain cells over the past week. It will be interesting to see what the company profile will look like once the dust has settled. Whatever it does look like I would be listening a little harder in the future if I was one of the big boys.
Back to measuring your boat slips.......
Chartist1
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[h,a]daclyyay[pb50!b200][vc60][iut!ub14!lh14,3][J...
Question to the board:
Would anyone mind doing a little homework to see how many employees NEOM now has with all the acquisitions.
Thanks in advance.
Chartist1
beacon - re: charts/MM manipulation
First, sorry for the long delay but I don't post during working hours and I was just leaving for work when I saw your question.
The best way I can answer your question is to say that charts tell me what is happening....I NEVER tell them. The cool thing about charts is that they are the "fingerprint" of all the activity that is making the stock move: insider trading, manipulation, news, triple-witch, month end, company purchases.....you name it. Can I account for a Yahoo partnership in advance...of course not. Can I see patterns developing with volume and bullish/bearish activity that could be a sign of manipulation, yes (level 2 would help too). Can I see the general health of a stock in a chart: without question - yes.
Chartist1
lesnshawn...re: Triangle.....
There is enough of a spring loaded pattern to say that is "could" be complete. The narrower the range becomes as we approach the "ceiling" the greater likelihood of a strong break happening soon. Regarding timing, yes price could go back down to rising support one more time but I only see about 5 to 6 trading days at the most here. The important thing is to be patient and know what is in front of you, for that puts YOU in charge and that is what trading/adding to positions is all about.
Chartist1
ALERT: VERY BULLISH DAILY CHART...
First, hi everyone.
The attached chart has what we call an Ascending Triangle. It is very distinctive and near completion. This is a VERY bullish pattern with a high probability of breaking to the upside and likely very strongly. The pattern winds up like a spring with higher lows but keeps hitting the resistance ceiling at the same horizontal point. Imagine floodwaters rising in a room and you keep climbing higher until you are at the glass ceiling. Finally you break through the ceiling because the pressure from the rising water leaves you nowhere to go but up.
This is a powerful pattern that is "almost always" resolved to the upside.
In my annotations I say to watch for a break above the horizontal resistance line at about .42 cents. That would be a place to add to positions IF price stayed above that point on a CLOSING basis. Again, I just report what I see without bias.
Party on....
Chartist1
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[h,a]daclyyay[pb50!b200][vc60][iut!ub14!lh14,3][j...
RE: Keywords and other tidbits....
"Food" and almost everything else does not seem to be live because they are shown as "available" when you try to register them. Just try to register a word if you are in question.... everything seems to be available accept the Virgin words (although I don't spend my day plugging in words). And, of course, Corp. words like Pepsi etc are being kept for those corporations and I do have NEOM management confirmation of that as well....but that's also just common sense.
Finally, from my direct conversations with management, camera lens quality was acknowledge as a short term challenge. I can say that now since it is common knowledge, but the recent company acquisitions show that NEOM is not waiting for that advancement before trying to cement their position in the starting blocks of the Mobile Marketing wave.
I am particularly stuck by the quality of Hip Crickets talent pool of employees. Copus was not kidding when he said they needed to act fast if they were going to be the first to have access to that rich talent pool.
Chartist1
NEOM WEEKLY CHART (VERSION #2):
Attached is the more zoomed in weekly chart that I have been posting for the past week or two. The MACD cross (very bottom right) is a significant occurance but we STILL don't have volume.
Breakouts should be confirmed by volume so from the charts perspective the advance is suspect to this point. Now, OF COURSE, if NEOM teams with Google (just an example not rumor) tomorrow morning, price would launch up on huge volume but I don't deal in what if's.
The correct play if you added to positions on this breakout would be to wait for a) big volume to come in and a launch higher in price, or b) a drift below the breakout line with increasing volume...in which case you would say "something is wrong with my assumption" and you would sell the shares you just added for a small loss. Again: The top pros all make bad trades...but they distinguish themselves by recognizing them right away and cutting losses to the absolute minimum. I am NOT suggesting (in this scenario) selling all your NEOM shares.....just the ones you added after the breakout. You DON"T want to carry more shares on the way down if ANYTHING does not smell right. That is basic.
I just point this out as basic trading discipline....I am not suggesting anything is wrong.
For those of you who think I am spelling this out waaaaaaaay to much, I have learned my lesson that it is neccessary to ensure the clarity of my entire post gets carried across.
Chartist1
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[h,a]waclyyay[pb50!b200][vc60][iut!ub14!la12,26,9...
NEOM WEEKLY CHART (VERSION #1)...
Since I have recieved mail that some still like to see the "Voodoo" charts on NEOM I have attached version #1 of the weekly chart. Version #2 will be in the following post.
Note: If you find these annotations confusing just notice that everything relating to one subject on this chart is all in the same color. There are three colors: Red, Blue & Purple. I would suggest that it is no accident that price has responded right at the long uptrending blue line.
Chartist1
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[w,a]waclyyay[pb50!b200][vc60][iut!uc20!lh14,3][j...
Good morning all. Re: Emotions....
I am most definitely a very emotional person and frankly I'm glad I am.... But, over the years I have seen myself make many of my trading mistakes when my personal emotions got in the way of my reasoning for making a trade.
Therefore, I work very hard at detaching my emotions from my trading practice wherever possible. To go even further, other peoples emotions are actually an area to capitalize on when investing/trading. When everyone is throwing the party for a huge advance on something, I am looking to see if there is an opportunity or caution sign that as overlooked because emotions took over.
This rather cold-blooded style of trading is the FURTHEST thing from my natural personality, but as I said, many of my past mistakes have come from emotional blunders. So, I try to learn from those mistakes and capitalize on them in the future. For many of the best traders, you can't tell if they are up 100K or down 100K because they are concentrating on their execution.
Off to work soon....
Happy Friday!
Chartist1
inforit1....just one more thing.
For the purpose of NEOM I mostly post the charts so you can see where to ADD to positions on strength, as I TO have a long term stategy on this one. However, I also know where critical support is and I will sell if that is broken on high volume because I don't believe in giving my money away. I don't invest in hope alone and staying in NEOM "IF" critical was to break would be staying in on hope alone....and that is a VERY bad strategy.
The only thing that ticked me off was your comment that "I was wrong at every turn". You have taken my rather rough comback very well.
Best of luck,
Chartist1
inforit1....last post on this topic:
When I say NEOM "may go up" most others will say "this thing is going to rocket!!!!. I don't have ego issues so I don't oversell my comments just to say "see I was right" (although I seem to be doing that right now).
inforit...as a trader or investor all you can do is look for good entry points and exit points. I can't posibily see what is not clear about my recent charts. On my weekly chart NEOM has broken above a long downtrend resistance line from the high at .74 cents. That line had acted as strong resistance for about 9 months. NEOM's ability to break above that line (as I showed in my chart this week and last) was a very significant sign of NEW STRENGTH and presented a buying opportunity. Remember: Always buy just above a break above resistance BECAUSE if price falls back below that break you can sell what you bought for a very small loss. Every trader/invester make losing trades but the VERY BEST traders limit there losses to almost nothing...because they know when to get out and why.
Let's move on for the sake of the board.
Chartist1
Inforit1: "what is healthy"....
The answer is all in my posts and chart as I am sure many exasperated lurkers are saying now.
It's all there.
Chartist1
OT: inforit1....your point
was that "I was wrong at every turn". That showed me that you had either not followed my recent charts suggesting a breakout was at hand (and a buying opportunity was upon us) or you thought that I still thought NEOM was in a week downtrend and a purhase here would be foolishly averaging down.
Averaging down is only when you accellerate your buying on weakness in "hopes" that the stock will magicaly turn around so you can recoup your accelerated losses. As of 3 days ago that no longer applied.
If you want a prediction I will give you one.....
I think the "general" market, Comp, Indu, SPX is likely in for a serious decline and I suggested that about 2 weeks ago using several indicators including the VIX. In fact I think we are just past the turning point from the tops of the general market. Do I know that...no. But I think the probibilites are strongly on my side.
I do not, however, think this will impact NEOM.
Chartist1
DAILY CHART (UPDATED FROM 6 DAYS AGO)
Those who are following might remember I posted this updated chart about 6 days ago. In fact I have not changed the comments from that time.
The trend change that I suggested of higher highs and higher lows is still in play and another up day tomorrow (very likely) would give us another higher-high.
Yesterday we had a very nice hammer reversal candle that hinted at further strength today. This was obviously further propelled by great news today.....did somebody know something as yesterday approached it's close....Hmmm.
Neom has now cleared resistance and is in the early stages of a healthy up patern. THIS is where you add to positions...on breakouts above resistance that show a trend change at hand. Volume is improving but I would still be looking for a big volume surge to seal the deal.
It's really very logical.....It just takes time to learn.
Chartist1
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[w,a]daclyyay[pb50!b200][vc60][iut!uc20!lh14,3][j...
inforit1...from "that dude" (Chart attached)
I seem to recall several days ago saying that since we had breached the downtrend line to the upside you could make a case for adding to positions. Did you miss that?
I posted the chart attached below several times over the past week to illustrate that we likely had an upside breakout on our hands.... and what do you know!
Furthermore, I never make predictions, I offer probabilities, so how can that be wrong.
There are many yahoo's on chat boards, and I am used to that, but calling me "wrong at every turn".... well, you seem to have an axe to grind.
Final note: When I said never ever average down just because a stock is falling, that IS correct..but my chart below illustrates how NEOM actually broke above a key trendline and technically presented a buying opportunity 2 days ago which would be buying on STRENGTH. And look what happened!
Averaging down is like going to Vegas as a strategy to make money. You "can' win in Vegas...just like you "can" win by averaging down, but the probabilities are always against you. Who do you think finances the building and upkeep of expensive hotels like Bellagio. Gamblers.
Serious investors are not gamblers and when they buy or short they can tell you EXACTLY why they are making their move at that exact time.
Enjoy your evening,
Chartist1
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[h,a]waclyyay[pb50!b200][vc60][iut!ub14!la12,26,9...
ot: sonofgodzilla...."check!".
I loved when Bobby Fisher beat Boris Spasky in Iceland to win the World Chess Championship back in the 1970's Fisher is a bit of a freak, but wow, what a chess mind. Some opponents lost as much at 10 pounds playing just ONE game against him during a big match.
Thanks for your rather quirky reply.
Chartist1
Hmmmmmmm......
While I know it's well intended, some here seem to think I ONLY buy and sell stocks based on charts. I suppose my conversations with NEOM management would not be relevant then.
I am not going to belabor this next point, but I will say that averaging down is in EVERY SINGLE INSTANCE a bad strategy. If there is a wifes-tale of investing, this is it. And excuse me for being so blunt, but it's not mearly my opinion.
Everyone has their learning curve.....
Happy mid-week,
Chartist1
WEEKLY CHART AND GENERAL COMMENTS:
The updated weekly chart still shows a clear break above the downtrend line and the Slow Stochs are still turned up nicely. Volume is still naping at the bottom of a Pina Colada
General Comments and observations:
1) On the daily chart (not posted) we hit the upper Bollinger Band for the 3rd day in a row and fell back on low volume.
2)Still looking to see if the recent pattern of higher highs and higher lows holds on the daily (posted last week).
3)It's interesting to note that when the lurkers DO come out to voice their thoughts it's often with a dose of reason and calm. One word. Thank you!
http://stockcharts.com/def/servlet/SC.web?c=neom,uu[h,a]waclyyay[pb50!b200][vc60][iut!ub14!la12,26,9...