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Haha, agreed. I really like how ONVO moves... it's my 'comfort' stock at the moment, lol.
Placed myself some buy orders last night after seeing the beautiful chart. Been adding more throughout the day :)
These were stocks I selected last night thinking there was immediate potential, and all 4 are looking prime today:
BMSN, ESVS, FLPC, GLER
Enjoy
I can't believe it's so quiet here lol, where is everyone?! This thing is going be at $5-6.00 before we know it IMO.
The ONVO chart does not look like it's going to take a break today. Fortunately there are many support levels throughout the move up, and clearly defined resistance points. Yesterday we finally inched across an important resistance zone.
Levels I expect to become support once we climb over confidently:
$4.55
$4.83-$4.89 [support 'zone']
Levels that will act as resistance points:
$4.10 [surpassed]
$4.36-$4.44 [resistance 'zone', surpassed]
$5.17
There's a lot of room from now until the next resistance zone, so hopefully we see some good moves for a Friday :)
Awesome to know.
Purely for technical reasons. I usually do not rely on Elliot Wave patterns alone, especially if I have to try way too hard to 'see' them, but the FLPC chart shows a nicely completed pattern. It appears yesterday started creating the last leg of a triangle, therefore I think it's reasonable to think that there will be a break out of the triangle at one point or another in the day [perhaps Monday, but I doubt it].
Other technical indicators are also in bullish positions. My view may be a little too optimistic, but we'll see I suppose.
There will very likely be a move today IMO. Buying in a little the AM.
Anyone know anything about market maker LAMP?
Yep, technically the chart is looking great as well. Don't think I've ever seen a technically bad chart all of a sudden turn good because of news - so if news comes, regardless of its neutral, I think the PPS will increase due to increased attention.
And as far as creating organs go, I think it's just a matter of time now, and it really would be a huge breakthrough. Not only would waiting lists be out but organ transplant success would increase as well since the body would be far less likely to reject an organ that is tailored to each individual.
Having studied genetics a fair amount, I have personally seen and understood just how viable these concepts are. So many aspects are coming together to make this technology practically successful, like being able to convert skin cells into stem cells that can then be transformed into any type of cell. Have a lot of respect for the researchers around the world each doing their thing to allow humanity to take giant leaps forward.
Always enjoy investing in companies that have true potential to do some good. Very lucky to have the opportunity.
Thanks bud, and yeah I'm fairly confident of a green day, but not too green. Close around .045-047 would be ideal. If that happens to be the case, I believe on Friday we will simply bounce around within the 4's.
I'm starting to clean up my trading account so I can be sure to have sufficient funds cleared and ready for next week + a starter position fully in place by Friday/Monday.
Yes me too! Second the request to share if you find any info regarding this :)
Today's estimated low was .037, so I'm good with current price action. Tomorrow may be the time to make a lower high around .047. Healthy, good coiling. Let the beast stretch and rest the first few days of May, cause the rest of the month it'll be running, I think.
Might require one more leg down to around .039 - that's near my bottom limit.
GOFF is about to bust a move. Imminent IMO. Considering my post from yesterday about the recent retracement being characteristic of a wave 2 correction, and the fact it held up fine this morning, means we're likely about to enter a wave 3, which ought to be good. Wave 3 won't be confirmed till volume comes in... which I anticipate will start happening any minute.
Great entry point! I'm sure you'll be satisfied with that level.
Gonna bust a move soon IMO [already has been, but a move towards 4.6+]
I know it :)
Have written much technical analysis over the past few months with AMD [candlemechanic.com, except haven't written recently], and been watching very closely since $2.20's. Also said yesterday expecting the largest bars today... certainly did not disappoint.
Almost there :)
Good work Ocean and many thanks! Must be pretty annoying for them having iHub people call day and night, that is ridiculous.
The chart is still holding up nicely, and the bounce today was a bounce that shows much strength remains because it bounced off the 1x1 [most important] Gann fan line. Can't emphasize how important this is [at least for my own perspective].
I'm gonna go out on a limb here and mention two dates I expect will be accompanied with powerful movement. May 8 as well as May 16. Particularly May 16.
I know this probably sounds a little loony, but that's okay [I have been taking my meds regularly afterall :D]... very possible price action will coil from now until Tuesday/Wednesday of next week.
Will be looking for higher lows as well as lower highs for each day for confirmation. An early sign that this analysis is on the right track will be a high of .047-.049 tomorrow and a low of around .037.
SKTO has a good feel to it again imo, and I shall likely begin loading shares tomorrow.
Check out the updated chart image I posted... that area around $4.2 I think is likely going to act as new support, and I highly doubt we go below that anytime soon, especially if there are strong moves made tomorrow. If strong moves are made I think right above price action may act as support [best case scenario]. A healthy but neutral scenario that's possible is we just stick around the current range for a day or two perhaps, but I doubt with this sort of momentum the chart is just going to slow down.
I rarely buy on gap ups, but majority of my position was established after the gap up. That's how confident I felt in the strength of the price action. All I can say with certainty is don't doubt strong bars like the one's that occurred today... they rarely occur in a chart, and when they do they are short lived so it's best to take advantage of them asap.
For what it's worth, I think this is just the beginning, but we will see. I try not to get attached to my thoughts, so I'm always changing views if the chart presents new information.
Ahh my friend... the one thing that will determine your long term viability will be the ability to take losses and to limit losses. No matter how skilled you are technically or anything else, without the ability to know how to take a loss without it affecting your mentality and decision making process, the account balance will always remain the same or negative.
Don't worry, at this stage it's better to lose when you're starting out rather than learning that lesson when you got more money on the line. There's a saying with people who ride motorbikes that there's two kind of riders... those who have gone down and those who will. True words, and a similar analogy to the market is, there are two kinds of traders... those who have wiped out their account balance, and those who will. Good thing is it provides the opportunity to learn very important lessons... although I've noticed more often than not, people don't look too hard to find the lesson.
Check out this blog entry about some trading lessons learned along the way... http://www.candlemechanic.com/2013/04/so-you-want-to-be-trader.html
I'm currently in the negative as well here, but I know exactly when I am going to take the loss. It's still hard to do it, and it sucks a lot when after you take the loss price reverses, but one has to constantly work to develop that discipline. It will allow you to live another day in the market.
My analysis can be proven wrong within minutes on market open, and it's always important to keep the downside in mind, and even more important to know what you will do should the stock go wrong. Anyway, best wishes for your start in this crazy world. May I suggest you try your best not to let other's views cloud your own perceptions.
If we don't fall into a longer correction tomorrow [don't think it will] it will be an easy break above $3 tomorrow. The largest bars of this upward move is still left. Looking out for near vertical moves tomorrow if it continues upward.
For what it's worth the retracement that occurred today was still within the distance correctionary wave 2 usually retraces upward wave 1.
I don't pay attention to all the hoopla about this stock being done for blabla. All that talk might be 100% correct, but to me it has not yet been translated on the chart. Close, but not yet.
Tomorrow should be a day that lets me know whether I'm pulling the few shares I have left out or if I'm going to add more for a flip.
If indeed this is a correctionary wave completing, wave 3 will provide some nice gains - and it ought to begin tomorrow.
It's undeniable there is some decent upward pressure here too... I won't bother entertaining speculation about that upward pressure being a sly pump job or whatever. Charts are much more reliable :)
Anyone else have targets? What say y'all about hitting a top of 4.60-4.62ish today?
Next leg up is probably gonna start within 10 minutes.
Hope you bought in a bit! Looks like we may find a new short-term support today
Massive loading going on. Saw at least a few hits more than $50k a piece, one was almost $90k I believe.
Anytime! I use Market Analyst 7 (www.mav7.com), although my trial is about to end. Fairly certain I am going to go through with purchasing the program, it's very good. Expensive but worth it, especially because the designers don't cut corners.
Gann applied the fan lines on hand made charts in his time... The charts were made 1 unit of time per unit of price... On computers we obviously stretch the screen in all sorts of ways and price units are no longer as straight forward either, so if a program puts Gann fan lines without taking the stretch etc into account it may as well be useless IMO.
Basically levels that would fill the gap... If price falls and hangs out near the gap without much upward pressure that'd be reason to be weary IMO.
Video analysis of ONVO:
Well, the thing is I was unaware there was going to be any media hype. I simply knew because the Gann target is there, something will follow to cause a change in the trend.
I believe it will stay up with strength and find new levels of support in the coming weeks.
Beast. Gann timing was right on the money. Never ceases to amaze me.
Haha, very true.
Yeah, I just hate the whole waiting process to transfer funds from one broker to another, gotta get'r done though. Good luck to you guys tomorrow :)
Word, yea.
Dammit. This killed the mental momo for me solidly lol. Well, I can still buy like 5,000 shares from my etrade account for now :D
Ain't that a bI***. I've been wanting to transfer over to Etrade for awhile... I have an account with some funds but bulk of my funds are on TDA. Tired of it that's for damn sure, going to get out of it asap. They denied me a margin account too a little while back even though I had more than 10k over the minimum requirement.
Any other brokers have issues with this sort of thing? I hear good things about Etrade.
Why on earth is TD Ameritrade saying "opening transactions for this security are not accepted"! Grr.