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Hi Rick,
Good explanation of where things appear to be sitting now.
I know you can't PM, but have you been receiving my emails, about a week ago and one last night? I know you were partying with Springfield yesterday, lol. I lost all my numbers in my phone bank last year when I went swimming with my cell, so I can't call you. Probably a good thing we couldn't connect a week or so ago, lol. Sounded like things were just about ready, and still may be there, but with 50% fraudulent 'dilution' hitting, yikes!
Next time I'll post a pop-up book with pictures for you instead of just circling the crossovers.
Of course..... Unless one has actually been looking at the charts. Just plain stupid comment, again.
MDMN ~ Four on this thread requested a chart. For those swing trading, nice job of staying out during the latest decline. The last set up was in early August, as shared prior to the move, with a clear overbought technical exit just over a week later, also shared as it occurred. For me, the technicals aren't reset yet, so no entry coming for a few of us yet.
Tell me again how charts and technicals don't work.
DDCC ~ .011
Translock patent application serial no. 14/561,028 will issue with patent number 9,428,330 on August 30, 2016 as per the USPTO Issue Notification dated August 10, 2016. This is fantastic news. Now with the Translock patent issuing this month, it shouldn't be too much longer until we starting hearing about Translock licensing deals
Thanks Doog! Added a few BTGI on the pullback this morning. Pennies appear to be coming.
Every little dip over the last few weeks has been absorbed very quickly. Something is in the works, for sure. Rumors of filings coming within a few weeks. We'll see shortly.
Excellent day today across the board!
Have a great evening everyone!
Double Ds always good!
Good Morning Rig. You're welcome for the chart. I know quite a few of your friends are holding IORG. It's a longer term hold, but the recent decline from almost 5 year highs after hitting $1.10 a couple of months ago, has transitioned into a reset of the technicals and appears being close to another leg up.
IORG ~ Hey Rig, I know a few of you are following this one. Higher highs and higher lows. It looks like the current consolidation is coming to an end just as occurred back in May. That correction took about two months whereas the current pullback is now also approaching two months. A simple move back up to the upper wedge line will take the stock to approx $1.30 should that occur. Selling volume also looks to be exhausted now.
Hi Rick,
As you've heard me say many times in the past, you are one of the more accomplished technicians that I know. I also use many more indicators than I post on ihub. But the basic ones are the ones that I share with those interested in charting and technicals. With just those basics, most investors would actually be able to increase their total returns immensely. I learned the hard way, trusted the wrong people in the past, and it was a very expense learning process. But now, because of that, every time I get a new idea coming across my desk, I first look at the chart. It really take all of 30 seconds to come to a technical conclusion if the time is right for an entry. If there's a fundamental story behind the underlying stock, then it still only makes sense to first review the chart. It's really not that difficult, but it is a job if one wants to become successful with investing.
Below is the entire list of indicators that I use. I also utilize a number of scanner to assist with finding those stocks that are within a week or two of a technical bottom.
And that is exactly why I circle the various crossovers (look below), both negative and positive. A picture is worth 1000 words or definitions of things many don't understand. And all have been there 1-4 days prior to the third MACD crossover. Additionally, I've mentioned repeatedly, when the candles get way outside the upper bollies, as was the case today, that's always a good time to take a few shares, if not all, off the table as the share price will always go back inside the bands. I've posted this link often for those that truly are interested in charting. It's a free guide to charting and technicals. If you read it and learn, you'll know more than 99% of all stock investors as it pertains to charts. http://stockcharts.com/school/doku.php?id=chart_school
Superdow, I absolutely have been. I've told everyone of you to follow the charts and the indicators. If you haven't followed along, there's nothing I can do. I'm not an investment advisor with buy and sell recommendations, but I certainly have given you all the tools to make your own decisions. Trying to come back and posting that I make the calls after the fact and haven't shared the various levels of support or resistance points beforehand is total BS. No one knows when a stock might turn one way or the other, but the technical positioning sure helps.
Even H_Rick stated a couple of weeks back that MDMN will not be a stock to swing for sometime now. Well, if one accumulated when the FullSto and MACDs were basing, you now have a nice gain. Doesn't matter if you believe it or not. The techs were correct again as to where MDMN should have been entered. They called for exits at much higher levels when they were overbought, and they called for accumulation when they were in oversold levels. When the stock decides to move is another thing which no one can hand to you.
The 'buy' was waiting for the reset. If you've followed along, the FullSto and MACDs declined into oversold levels over the last few weeks. The stock price was basing, and these indicators began their crossovers a couple of days ago, and the beginning if the crossovers were circled two days ago. I don't suggest buys or sells to anyone, but simply present the technicals to offer a few friends what the chart is 'saying'. It looks like the techs were correct again.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124392957
You are correct hrdl. Although this post is off topic, I hope the mods allow it to stay up as it relates to the comments, or wise ass remarks, regarding charting and technicals. Yes, both stocks have retreated from their initial moves to over $1.00. One is holding at .65 and the other at .70. Many of the initial penny players have moved on with their shares having been absorbed. Volume is down to approx 75k on a 60 day volume average. The next legs up will more than likely begin when audited financials, 8Ks and news flow begin. A few months later, with the anticipated move to Nasdaq, and it's then when the institutional type of investors step in which will result in less volatility and a sustained share price. Therefore, swing trading on the big boards becomes much easier, less profitable though, but also nowhere as risky as an OTC investment.
The fact of the matter is, charts and technicals work. One has to wait for the right set up which results in calculated entries and much higher odds for profitable moves. Works much better than buying blindly, trying to catch falling knives, and do other stupid things I used to do, lol.
You'd be surprised how easy it is swinging the big boards over holds up to 3-4 months. But you'll rarely get the massive returns as getting a buy at .08 and seeing a move over six months to 1.10. Or those from .06 to 1.20. Learn charting. But I guess it is a lot easier posting stupid messages, though, while laughing about things one knows very little about. No worries though. It's never too late to get educated.
Looking much better now, Doc, than a month ago when the chart was showing technical indicators in very overbought levels. RSI back down from the nose bleed zone, the FullSto and MACDs are initiating positive crossovers. BIEI, imo, is very close to a leg back up with the first real resistance in the high .015s once getting thru the MA20 (aka middle bollie). Going to need a nice, strong green volume day to suggest it has started.
Yes, BigB, they got quite a few, and not when the volume was high and the chart looking good. The chart was looking rather sickly for weeks and weeks as they indicators began to position themselves into a calculated buy signal. Much better than investing blindly as most do (I used to also, lol). My friends began to acquire their position when the FullSto and MACDs began to show a reversal with positive crossovers to the upside. And those that have zero clue about technical indicators, wouldn't know an overbought chart versus and oversold chart. Thus the reason why the almost always lose..... Just saying, lol!
You bet! She's set.
Excellent! Q is at its support level, and looks like good support to me.
Actually, they did. If you reread my post, but you probably got most of them and didn't leave them too many!
CCRC Chart - An easy one to follow and swing trade. After breaking over a double top formation, CCRC ran to a new all time high of $14.76. The technicals became a bit overbought and saw the anticipated correction to the MA50 about two weeks ago. A recovery of just over 40% but a failure to hold more than just one day above the horizontal resistance line just under $12.00. The second correct saw the stock drop once again to the MA50. As previously, holding for two days, the stock reversed once again to the upside. Back to the resistance line established months ago. Be quick to move as the FullSto and MACDs aren't there quite yet. Plenty of room to the downside should the MA50 not hold.
After a steep correction from very overbought levels, it appears the reversal to the upside is either already starting are very close. Now I ask, was taking a few off the table in the nose bleed levels and waiting for a reset of the technicals a good idea? Better to re-enter with calculated entries based on technicals than chasing a stock when it was clearly way too far ahead of itself. Some thought it was better to cuss me out, but that's ok. Charts work, period.