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The ever important close above .01 for HNSS. It was good to see us spend some time around there to provide support for a .012 takedown, we flirted with it today which was nice to see. Gotta at least flirt with it before you take it down, it's only polite.
I'm really liking the good sized blocks going through. MMs still trying to check this up with small sell blocks here and there. Another great day with more to come.
I don't think you'll regret your position in HNSS, the extra jalepenos on the other hand.....
Can you imagine what would happen if they announce a further reduction in the O/S? Wow is all I can say.
The company has been busy as of late and I would expect to hear some further updates on progress or possible further reductions in the O/S. PRs aside, this is a solid chart play due to recent reductions in O/S that haven't shown in PPS, and a tight float that could result in a squeeze and/or a lockdown.
Sell the leapers, buy the creapers. I know we all want this head to .05 or .10 right now, but this is very healthy in how it is building support around .01.
That's why I don't prefer Slow Sto in strong trending stocks as it can give you false signals. In this instance if Slow Sto is giving one indication but I have a few other indicators giving me a different signal. I'll ignore SS, not saying right or wrong, just my preference. I LOVE SS when it comes to stocks that have broad trends though.
I agree, it's obvious that the company is doing everything in its power to boost PPS. There is no fundamental reason why it was even trading this low to begin with other than it was shorted to the hills, the company has had a very active year. Steady hands will make them cover on the way back up.
I think we are getting ready to test .012-.013 resistance, if there turns out to be any. If the float dries up I don't know if we'll really "test" any resistances, there are only a couple resistance possibilities on the chart below .04.
Yep, HNSS chart/indicators look great and we should be hammering .012-.013 very soon. MACD still rising nicely, TRIX about to make the 0 crossover which recommends taking a long position, RSI toying with the "power area", ADX is creeping up at 25 with room to run and +D is rising hard. With continued buying pressure this should come up to .02 fairly quickly and be getting close to a blue sky breakout with a probable float lockdown.
It's all in the charts man, I was great at losing money until I started to make heads or tails out of the squiggly lines. =)
You know it, at least either way you have a 50% shot at being right LOL. What are your preferences in using ADX as far as trends go?
Slow STO without a doubt turning, just personally using ADX, MACD, CMF and watching the upper BB right now. Wouldn't be all that surprised to see a couple days of consolodation though in the near future.
IMO it's never too late to take a position as long as it's a good one. With stocks that are off and running I'll use ADX a lot to see how strong it's trending as well as MACD. I love using slow STO for stocks that trade in broad sweeping trends though. All IMO.
FWIW not a big fan of using slow STO for stocks making strong moves with minor corrections here and there, such as HNSS in its current run. GLTA.
This stock should have a conservative trading range between .03 and .05 as it sits right now with the current O/S, it was already there with TWICE the amount of outstanding shares not even 6 months ago. The only way I can explain that it sometimes reductions take some time to properly reflect on the PPS. With or without great PRs this stock should be trending up.
Great day here. Loved seeing it pop over .01 and close north of resistance. Chart is looking real good, indicators still creaping up with room to run.
Regardless of what games play out for the rest of the day. Today was VERY important. Good job guys, it's all about the little battles on the way up, .012-.013 should come pretty quickly now, not sure how much of a fight will be put up there, if pressure is still up shorts could cover right through it.
Here we go! Wall at .088 is officially gone! Thanks to all who helped pound the crap out of it!
Yea it does appear there is more loading going on, some big blocks going through. This is exactly what we needed today.
A possible break through .088, very nice. Even if it comes back down it's nice to see that happen. Still riding that upper BB. Indicators still say a ton of room to run.
Yep a couple of my transactions were marked as sells also, it was because I was sitting on the bid accumulating once I got a feel for the action today. For whatever reason it gets marked that way. All in all a good consolidation day, even if there was a fake wall at .0083.
Look at that spread, more games. Judging by the action, there was definitely some covering today. MMs not letting this get too out of hand before covering.
As long as buying pressure stays up there's no telling how high this can go. L2 is thin all the way up. MMs are doing their best to check this up and load before the next leg up.
L2 very thin. Once .088 falls this is going to jump past .01 in a heartbeat.
Doing some rough calculations, if this buying volume stays up, float could be locked by the end of the week. Short squeeze has only started and the chart isn't showing any signs of leveling.
It's impossible to guess where we could be at the end of the week at this point. Float lock plays can get wild, and I'm interested to see how the new FINRA regs on shorting will affect the covering. I probably wouldn't be sleeping tonight if I was short on this.
ADX still only at 23, +D 33 and rising. MACD still only starting to curl up. This "run" is only the beginning of an upward price trend. IMO MMs are STILL checking this up, giving time to cover.
Yep, a little fake wall. Shorts are hurting.
Just keep the buying pressure up guys, make the shorts cover. Don't use all your powder in one shot, MMs will set up a fake wall here or there, first chart resistance is at .012, doubt it'll be strong though at this pace.
I agree the run has started, but indicators are relatively flat for what the PPS has done this week, ADX only a touch above 20, MACD only rising gently and JUST gave a "buy" signal, then you look at CMF or accumulation, and they are sky high. That tells me this run is just in its baby stages, a chart setup doesn't get much prettier.
I also wanted to add that I think we'll see more shorts covering as the week goes by. They have to play by the new FINRA rules now. If buying pressure continues it's really anybody's guess as to how high this can go. If you look at the chart this was trading over .05 five months ago with twice the amount of shares in the O/S. This is where it gets exciting.
I think the indicators are pointing to a run sooner rather than later. Some major loading all last week, almost all buys, not to mention the huge accumulation that's gone on for the last month. Just look at the chart and indicators, it doesn't get much prettier than that.
Do you think a run might be coming? :) I'm glad I was referred to this stock by someone who knows a lot more than I. I was scratching my head over the last couple week's action but now I'm seeing what all the talk was about.
I don't think this is going to be sub-penny for much longer, if that helps your trust issues. =D
I could say that about a lot of penny plays, dilution always a possibility with these plays, but all they've done is lowered the O/S over the last year. IMO they'll let it run up back to old highs before they start diluting, I know I'll be watching for it. Look for .05, maybe more.
Low float, accumulation off the charts, PPS beaten down for some time in spite of the O/S being cut in half, recent business aquisitions. Good fundamental or chart play. Was trading at .04 with twice the O/S not long ago.
I hope everyone is getting ready for this run. HNSS took a little longer than I thought but accumulation is off the charts. Float could get locked on this one.
No names for right now. I'll just say that there IS price manipulation going on. Be leary of anyone threatening to sell, they probably already have.
I have a feeling I know who was dumping at the bid today. I think a few of the shakier longs from the sub penny days getting out will be a good thing, as it will provide a new investor base. A lot of consolodation has gone on from .06-.08 over the last year.
Yep, MM picked up someone sitting at .07. Lucky for them, that stuff never happens to me.