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SNGX - Low volume plus consistent gains. This is what we would see. Expect little consolidation b/w 2.2 - 2.45. This would make daily chart bullish and cool down hourly chart.
Nice to see your TA analysis on this. It compliments what I see in chart. Nice one and keep it coming
There comes the volume baby! Here we go to next zone.
SNGX on watch for break over 2.2 area. Testing consolidation coordinates as I type this. Consolidation zone would be over soon - we are crossing loading zone guys.
Ok we are seeing potential breakout here- could test 2.2.
Watch out we have bullish wedge pattern here. Would be Interesting to see how this would react.
And w pattern on daily , wedge on intraday, and triple top on weekly. Lol this stock is all about patterns. We have four bullish patterns, and the only thing that is needed - volume at breakout. Without volume most likely the break wouldn't happen.
Added SNGX today - lets go bulls :)
We have bullish intraday pattern that could make a quick move towards 1.8ish. Would happen at power hour if it occurs. Triple top and 52 week high, if it breaks could move the stock above 2.2$ in coming days.
Have added SNGX here - avging 1.93.. Mostly we could see bullish movements next couple of days to begin with. Hopefully we should see the stock closing above 1.97..
I started position at EMA50 - 8.2ish this morning. Was hoping to go and test 8ish. Not sure if we had any updates from company last 2-3 days. 7.8-8.2ish was the loading zone per my analysis if there were no drivers for this stock
SNGX - TA thoughts so far
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=115361006
Also to add, we are moving higher on low volume. These moves are more likely to hold in general than the high volume moves for this stock.
Some thoughts on TA
There are few things i am watching over here:
a) Consolidation zone per the chart seem to be following what i had predicted last week - 1.8 - 2.22. This could be treated as loading zone, based on what we see at this moment. The range is big, because the spike was over 50% when this stock was alerted by Josh.
b) A close above 1.97 also signifies we could see bullish moves for next few days..but whether it would break 2.22 or not, is something we have to wait and watch.
c) Given the fact that fundamental analysis is sound for this stock, i expect 1.8 to be the bottom for this chart. If this support doesnt hold, i will have to revisit the chart again for new coordinates.
d) The buying pressure is nice in general, which also confirms that people are not looking to sell the stock below 2$. This also goes with explanation from last week, where i had stated many people loaded this stock back in Feb - March 2015, and they could be the ones who sold when this stock popped out.
e) Looking at hourly chart,we are on upper BB as of now, with many other indicators showing bullish pattern.
f) Daily chart as of today is better that what it was last week, with most indicators signalling consolidation.
g) Overall, i hope the fundamentals to take the PPS to where it should be in coming days/weeks/months.
Feel free to judge, and i could be wrong in my analysis. As always, trade smart, buy low and sell high.
Buying pressure looks nice - close over 1.97 could signify trend change in progress. Watch out.
Close above 1.97 could certainly signify change in short term trend.
I will post in weekend - still trying to put things in proper form.
Now I take a closer look, the charts looks impressive - weekly hourly and daily. It is possible, but I expect it to stay closer to .52 close of day today.
IMHO We have a textbook situation where this is going to test 52week high and triple top. If it does break out - go above 1.88 I see this heading towards 2.2+.
I have that on my charts. Have my order at .48 with target >.6+ in next few weeks.
SNGX - some random thoughts on TA
I am basing the following thoughts only on TA analysis.
In daily chart, we are seeing bearish patterns forming - like MACD or BOP or MACD or TSV or Aroon. Plenty of indicators shows bearish engulfing pattern. However things are starting to turn around in hourly chart for the first time since 24 July. Indicators started showing strong consolidation here. Until last week consolidation area was projected as 2.2 - 2.6.. Where the chart started consolidating for 1-2 weeks, and now since the support was broken on 6th, consolidation around this price is very strong possibility as shown in hourly chart. In Aroon we got Bulls overtaking bears and both under 50 mark which marks the start of consolidation range. We have MACD line above SMA9 with positive oscillation on hourly chart. Selling pressure seems to be wearing off. I expect daily chart to show the same in next few days with some of the bearish indicators move to bullish.
Weekly chart is very bullish.
At last fib arc and fans in all the charts show these prices to be nice place for consolidation, because this gives room for better Bulls when this starts moving up.
As for low volume, to me it indicates people are loosing patience. But if you look at history of this stock, this stock is very volatile. For ex: If you look at April 14 - April 20 - around 100k avg volume was recorded, this stock moved from 1.5 to 1.9 i.e. 26.66% rise or so. This pattern was repeated many times in the past. This shows this stock tend to perform well during lower volume periods.
This is where I am going to depend on fundamental analysis for this stock. Strong fundamentals and low volume, in my opinion, could provide consistent gains.
Much of the selling what we saw recently, I am attributing to people who loaded the stock back in February - March under 2$. Josh also mentioned something about exercising warrants. This is one reason why I believe c
onsolidation could happen between 1.8-2.2 region.
Again, these are just my thoughts. Have your own plans, and trade smart.
In future i will try to post charts as well, but trying to figure out best way to do so.
Much of the selling what we saw recently, I am attributing to people who loaded the stock back in February - March under 2$. Josh also mentioned something about exercising warrants. This is one reason why I believe consolidation could happen between 1.8-2.2 region.
Low volume also indicates people are loosing patience. But if you look at history of this stock, this stock is very volatile. For ex: If you look at April 14 - April 20 - around 100k avg volume was recorded, this stock moved from 1.5 to 1.9 i.e. 26.66% rise or so. This pattern was repeated many times in the past. This shows this stock tend to perform well during lower volume periods.
This is where I am going to depend on fundamental analysis for this stock. Strong fundamentals and low volume, in my opinion, could provide consistent gains.
I could be completely wrong - lol. Feel free to make your own analysis.
I am basing only on TA analysis. In daily chart, we are seeing bearish patterns forming - like MACD or BOP or MACD or TSV or Aroon. Plenty of indicators shows bearish engulfing pattern. However things are starting to turn around in hourly chart for the first time since 24 July. Indicators started showing strong consolidation here. Until last week consolidation area was projected as 2.2 - 2.6.. Where the chart started consolidating for 1-2 weeks, and now since the support was broken on 6th, consolidation around this price is very strong possibility as shown in hourly chart. In Aroon we got Bulls overtaking bears and both under 50 mark which marks the start of consolidation range. We have MACD line above SMA9 with positive oscillation on hourly chart. Selling pressure seems to be wearing off. I expect daily chart to show the same in next few days with some of the bearish indicators move to bullish.
Weekly chart is very bullish.
At last fib arc and fans in all the charts show these prices to be nice place for consolidation, because this gives room for better Bulls when this starts moving up.
We have indications of consolidation happening in this price range - things are starting/turning around to look better in chart
Nice move on works today - market is green. Should see Bulls dominate today - especially since there was panic selling yday
Agree 2.25-2.65 is consolidation range
Expecting this stock to be in 2.5ish by close - lets see
If you see weekly chart you would see a beautiful trend line confirming overall bullish pattern.
Not necessarily - I am looking for consolidation here.
Excellent consolidation. Remember when the news hit, I guess we could see this go back to 12$
Nice consolidation happening here before next leg up. This is how a stock should move.
Big seller pressure right now, we could see consolidation around 2.25 area before the next leg up. Day traders are flipping this stock.
I posted on stocktwits - under "nartcr".
Nice consolidation today - at the bottom of trendline.
Added at 10.2
Link please
Today's news seem to have some effect. Let's see.