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MULN up 50% pre market on announcements of new battery technology
Free Bird, I agree price usually follows volume either up or down. When I plotted On Balance Volume for MULN since November when they started trading on Nasdaq the results were dramatic!!!
On Balance Volume (OBV) measures buying and selling pressure as a cumulative indicator, adding volume on up days and subtracting it on down days. OBV rises when volume on up days outpaces volume on down days. OBV falls when volume on down days is stronger. A rising OBV reflects positive volume pressure that can lead to higher prices.
OBV started turning dramatically negative around February 7th @ pps 2.54 and didn’t turn positive until February 22nd at an opening price of .64 with a corresponding doubling of volume from the prior day.
IMHO next week should be the start of a dramatic turnaround which will take it to 2.54 or beyond over the next month. I started buying about a week ago and have my average price down to .68 so I am slightly green now but hoping for a big payout by year’s end :)
GLTY
https://stockcharts.com/c-sc/sc?s=MULN&p=D&yr=0&mn=3&dy=0&i=t0295385837c&r=1645901113580
I wonder if Sing will hold up above .10 if Russia invades Ukraine? The overall market will probably be down big time IMHO
mhd thanks for posting the recent short term chart, I agree it shows we are getting close to a bullish crossover. Even though I am a long term investor I sometimes look at exponential moving averages to take a quick look at a forward weighted trend if I’m trading options or short term stocks. When I ran the 50/10 EMA chart on SING it shows we had a bullish crossover on February 7th (which was the first one in about a year). This puts a little more pressure on the stock to keep rising after a short day or two decline but IMHO shows we are heading in the right direction but still need timely positive news to keep the trend our friend.
GLTY
https://stockcharts.com/c-sc/sc?s=SING&p=D&b=5&g=0&i=t4405344696c&r=1645039031097
If someone told me six months ago that RXMD would only be worth a plug nickel I would have thought them crazy. Maybe the crazy ones are the ones holding this long term.
Nice rebound off .11 to .12 range good news on Boston Solar should take us back over .20
Looking at the 6 month chart there appears to be major support between .075 to .10 during most of January. Do you normally consider only two or three days of trading at .15 as support? I bought most of my shares in December at an average price of .092 so I am still comfortably in the green. I’m also in for the long term but had a bad experience last year averaging down from 1.20 to .70 then finally unloading all my shares in July at a big loss. Glad I got out then, but don’t want to repeat my mistake this time around. I know nothing is guaranteed in the market and have been though many ups and downs over the past 40 years. I normally have had good luck using the Chaikin Money Flow which is still positive (Green) at this time. Hopefully Sing is in a true turnaround this time and we all make a lot of $$$
GLTY
https://stockcharts.com/c-sc/sc?s=SING&p=D&b=5&g=0&i=t0187326366c&r=1644607563001
Trading in the .17 to .18 range today, bear trap?
I believe the earnings for 4th quarter and FY are usually released on March 15th
Trending green again to start the day :)
RXMD rocket stage 1 starting to accelerate, still have lots of fuel in the next two stages to get us into orbit!!
SING up another 22% to start the week
up 22% to .1849 must be something in the works, maybe a close of the Boston Solar deal this week?
Great summary.
Thanks
SING +43% today
Hit .13 good to see another Green Day
Thanks guys!!
I can see that, looks like a 167,488 sell to end the day. Overall however a very good day.
Thanks
Whatever it was still a good Green Day. Hopefully Boston Solar is getting close to closing.
.1091 close on 167,400 T-trade
Good Green Day.
Who’s on first?
Both bid and ask moving up together, good ign :)
SING up to .1145 something must be up?
Good start this morning, let’s hope we can hold ten cents and close higher today. The rest of the market looks ugly.
Rockets always lift off slowly then accelerate after they get higher. We are just in the liftoff stage 1, won’t get into orbit until stage 3 kicks in.
Finally taking off like a rocket!!!
Looking good this morning, breaking through a dime :)
Let’s hope Wil is right and the market responds big time. I got into SING last March and added through the downturn and ended up selling for a big loss. Got back in in December and have been adding the past month. Hopefully getting in early this time I will end up hitting it big time.
GLTY
IMHO $2.00 is doable but not in nine months, they would have to hit it out of the park on positive earnings during the first and second quarter. Third quarter report is not due until mid November, but based on last year’s 2,000% run up during the first quarter I guess anything is possible especially if the Democrats can break out the solar part of BBB and cut out some of the more expensive stuff.
GLTY
Yeah I also was surprised that they think they can uplist this year. Also, I submitted the question about funding the Boston Solar acquisition and Wil indicated they would fund through debt and equity. If they issue more stock to acquire Boston Solar wouldn’t that reduce the share price at least temporarily or would the increased revenues offset the increase in authorized shares resulting in an increase in pps?
I believe SING would need a minimum initial bid price of $5.00 to get listed. How do we get there in 2022 without a RS?
Good letter 2022 setting up to be a good year. Let’s hope they can deliver :)
Another crappie red day, barely holding 3 cents :(
Still waiting for this weasel to go POP
I second that Gedi, Happy New Year everyone:)
Have a merry Christmas everyone!!!
I’ll settle for low earth orbit
All we need now is a significantly higher pps and a new CEO
Good start to the day green on decent volume:)