is ... YES - Another Profitable Day!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
You can trade any market with technical analysis. I've sound some Pink Sheet stock they give better signals than the blue chips. I would never trade any other way. That would be like going to war on the dark side of the moon with out night vision goggles.
No problem. Glad I could help. It's the non-chartists who are addicted to the news who always give me crap. I never let it bother me though. I've been trading too long and I know what I'm doing for the most part so, they can't shake my confidence. Too bad I rattle there's however. I'm just trying to give people another point of view that seems very clear to me. You need to consider the possibility of this company making a Tender offer for your shares at a much lower price as well. I've been forced to sell at a loss a few times in Tender offer deals in the past just like that. So that is always a read flag in my book. I would be asking why did vote down buying the back the first time? Good question I think.
ROTFLMAO - Right on iggy dude! I can only spellem right when the spell checker finds em for me.
A lot of things can happen between now and the end of the month. All I'm saying is there are a lot of technical reasons to sell this stock and no reasons to buy. Shoot man, the board of directors even voted not to buy this stock. Ever wonder why that was? Perhaps they figured it made no sense to make a tender offer and buy back the stock at $0.15 when they could wait and buy it back at $0.0015. Makes sense to me. Technically speaking the current rally which was only a market correct is over now and the market is going to head lower starting on Tuesday in spite of how much they are producing. It's all spelled out in the charts. You wanna buy something? Go look at my posts from the last 2-day and last week. There are a lot of better trades right now. Just my opinion!
It would be a waist of my time to chart this one. But, I did respond to one poster and explained what I see on the chart. My best guess is it's headed back to $0.002 now.
I see no IMMEDIATE upside potential. The stock is in a well defined down trend and has just made a market correction. That's all it is. There is noting but distribution on the chart since a very well defined divergent sell signal back in the middle of February. There are no chart patterns or other technical indices screaming buy right now so, I have to label this one dog for the time being. In fact the weekly chart confirms the sell signal see on the daily chart and anytime that happens it's sort of a kiss of death for a stock because the two charts rarely agree. Currently the weekly chart is giving oversold readings but in a bear market the oscillators can remain oversold for months at a time. The current daily chart is reading overbought and has the makings of a sell signal in place, all we would likely need for confirmation is a lower close on Tuesday. There is a gap on the chart around $0.0035 or so, that will likely get filled now and there is a long line of support on the weekly chart around $0.002 so that is where I think the price is headed and why. If you like this one long term, I would wait till it got to $0.002 and only if it shows firm support and the chart gives you a very good reason to buy, would I loading back up at that time. Just my 2-cents!
At the present time, technically speaking, I see no future and no reason to buy this stock. Everything on the charts point to lower prices. What I've seen of the news is not exciting either. But, the good new is, there are a lot other ripe opportunities out there that are ripe for the picking! So, adios amigos!
Well, that 200 Day is a ways away yet so, if a rally does come which seems likely the market could easily find itself overbought by then an due for correction. Besides, I believe I said test, the chart can never tell you whether or not it will break through resistance on the first try. Historically however, most stock fail the first test of a 200 day SMA especially when that stock is in a downtrend and they have no earnings. But, what I can see on the chart looks very positive right now.
Thanks for the post. IT's nice to hear from someone out there who understands what I'm doing. There are many who don't understand charts who would rather just make fun of the whole thing. But, you and I (at least) know that there is money to be made when you take trading seriously and attempt to relistically understand what a stock is doing so you can take advantage of that move.
The charts that I display here on iHub come from Stockcharts.com. However, For trading online, I use OmniTrader from Nirvana Systems. http://www.omnitrader.com/omnitrader/products/data.asp - I have also used Trade Station. https://www.tradestation.com/newaccount/preaccount_default.aspx?gclid=CPfWiaXx5akCFQh2gwodUEkLfg - I like Trade Station a lot too but, it tends to be a little on the expensive side and the folks at Nirvana Systems are extremely inovative and have come up with some great add on tools for their systems and it's a lot less expensive than Trade Station. Stockcharts.com provides you with free training from John Murphy and he is the current expert on Technical Analysis. If you really want to learn about Technical Analysis, you should read John's book. - http://www.amazon.com/Technical-Analysis-Financial-Markets-Comprehensive/dp/0735200661/ref=sr_1_1?ie=UTF8&qid=1309719674&sr=8-1
I interpret the charts a little differently than most technical analysts and I don't alway agree with John on what a good signal is. I like to take a position as close to the bottom as possible so that the downside risk is very small and even if I'm wrong, I won't loose much if at all. Most technical analysts wait until a stock has already made a move up and then they consider that a valid confirmed signal but, I have learned that when a signal is false, you can lose more by waiting for a confrimed signal. So, I use a very different method of confirming my signals by ckecking other related indicators for the same or similar reading. I also use different indicators and different formulas than most technical analysts do. That comes from just following the system they teach everyone and deciding I don't like the results so, I chage things until I'm getting the results I want. For instance, instead of a 20 day simple moving average, I use a 19.38 day exponential moving average. I cam up with that number by taking the total number of trading days in a year and dividing that by 13 (there ae thirteen full moons every year). It's amazing to my how my 19.38 day exponential moving average will show short-term support and resistance when the market is trending and remains neutral when the market is in a trading range.
When enough indicators are providing the same signal, I'm willing to take a chance on buying the stock. If it does not immediately perform as expected, I might get out right away with a small loss or small or no profit. Sometimes, depending on what stock I'm trading, I will keep a stock at a loss because I now how that stock trades and in all likelyhood I was just too early getting in. So, if it goes down right away, I might simply buy more at a better price assuming nothing on the chart has changed and I still feel it's a good buy. I trade EMKR that way. I've traded it almost perfectly since 2006.
I see no technical reason to want to buy WHRT at the present time. There are nothing but trend continuation signals on that chart. It's probably going to continue to go down.
In my experience charts and technical analysis work GREAT for ANY market. There are some sub-penny stocks that are so slow and lithargic that they give virtually no signals and develop no chart patterns but, that in itself is useful because it identifies the markets I do not want to trade. I would be lost without it and it works just as amazing well in the Pinksheets as it does in amy other market.
Very Interesting Chart. There was a divergent buy signal prior to the recent bottom and an increase in accumulation to support and fuel the rally that followed. We have the makings of a head & Shoulders bottom formation here. Not certain that will happen but, I would expect to see resistance around $2.78 to $2.80 now and if the market retraces briefly and then runs up again to retest that resistance, that would complete the head & shoulders pattern. Following that , we could easily see a rise in price to around $4.20.
Yes, COGO is oversold but, being oversold is the state of bear market. They flip in and out of being oversold all the time. I see no reasong to get too excited about buying hear right now. The chart shows mostly distribution and trend continuation downward. However, there was a nice spike in the stochastics recently that could develop into a buy signal but, I don't think it will based on other indicators that are signaling a continued move down. Patience would be the key here.
Undervalued SPECIAL SITUATION - This compny has good sales and earnings and sound fundamentals yet it's price for a time has fallen off to very low levels. IT appears to be a good time to take a position here for a longer term trading situation. You should be able to trade this one to $1.00 and beyond over the years. But, it's not likely to be a fast mover.
Company information - http://deepdowninc.com/
Technically it's a special situation buy - See chart below:
DPDW - Daily Candlesticks
The news does not drive the markets. It appears to drive the markets because the market often appears to react to the news. What drives the markets is the buy and sell decisions that traders and investors make and many of those decisions are maded based upon technical analysis as well as the anticipation of results that a company will have based upon actions that they are taking. Those actions may or may not be reflected in news articles. What technical analyis does is study the price movement which is the result of buyers and sellers making trades. I can show you several situations where bullish news was released and the market went down because buyers and sellers in that marrket knew other facts not publicized that would have a negative effect on the price. In every case the technical analysis was correct but, traders who made decisions based on the news alone lost money.
I'm happy to be a provider here and provide technical analysis on stocks that are mentioned here but, I don't think I would want to be an asst. mod. That could involve more than I would have time for. But, thanks for the offer.
I'll try to check the post here daily and comment on new stock symbols mentioned.
ADHC Perfect Fibonacci retracement of 61.8% filling the gap left on the chart. I see no indication of a top forming and this bull market has just gotten underway so, I fully expect to see the rally regain upward momentum on Tuesday and throughout the coming week..
Sorry M but, I have to disagree with you on this one. While you may think that the intraday chart looks strong, you are overlooking a potential intra day double top which IF supported by intraday indices would mean lower prices on Tuesday.
I see nothing on the daily chart that would indicate a change in the trend. The price has settled into a classic bearish channel that has been rulling this market for months now. Even the small double bottom that formed during the first two weeks in May (with an accompanying buy signal) while it did spark a brief rally, that rally was halted abruptly on May 16th at the top of the bear channel and right at my TLEMA which has been right on with where the resistance is for this market should be. On May 17th that rally was terminated by a KEy reversal day nulifying the double bottom and indicating a continuation of the bear channel. Recent A/D indices all show distribution rather than accumulation so, I would have to say that this market will most likely retest support found on June 27th and 28th prior to settling on a new direction. IF that test of support should fail, then the downtrend will continue a little longer. Sorry I can't be more hopefull here but, that's what the charts are telling me.
Regarding your PM to me, I don't have Private Messaging on iHub. I frequent a lot of financial chat rooms and don't feel the need to pay for any of them at the present time. I do have an account at Stockcharts.com so, I could easily look at and comment on the stocks being viewed on this Board. And, I would be happy to do so. You can request that review stock in a public message on this board and I'll be happy to respond. I like this board and I've decided to use it as a source of new companies to add to my watch list. I just took a look at STAU and from a purely technical perspective, it has been under accumulation for months now at those low prices and this new move out if it's trading range and closing above the TriLunar Moving Average (TLMA) is significant and I believe it signals a continuation of this rally back to at least the $0.0012 area. The TLMA is an Exponential Moving Average I came up with that has proven to be a very significant tool in identifying support and resistance points and is far more effective than the 50 day simple moving average that most traders use. It can be seen on my charts as the GREEN MA line. So, if you have a list of stocks that you'd like a chart for let me know. In the mean time, I'll post comments on any new stock posts that I see here regarding the charts.
Technically Speaking, the market has been under a period of strong accumulation and should now continue to move up for a while until profit taking and new short selling gets the best of it. The market is already overbought on some indices but, not all of them. Therefore, in my opinion. we could see a run beyond the previous resistance seen at $0.0008 and test the resistance seen at $0.00120 or even rally all the way back to the 200 day SMA current at $0.00153. If the market does get above $0.00100, then a smart play would be to take profits on any indication of a market turn (sell at least half your position) and wait for a corrrection to buy it back. Just ny 2-cents.
AS YE BELIEVE SmokeStack, so shall it be done unto you. I, on the other hand, know for certain that technical analysis works in any market. I make my living trading off charts. You have your method and I have mine. I will say this though, there are some very slow lithargic moving PINKies that do not chart well at all because they give few signals and almost no recognizable chart patterns. But, even that is valuable information. Those are the stocks I do not trade. Technical analysis of Pinks has recently help me call a turn in the market for OTOW, TYTN, and identify a buy for WNBD (go check it out!). So be careful what you believe in and don't let that SMOKE get in yer eyes when it comes to making trading decisions.
Thought you in particular would appreciate this chart view of LYJN. I just started watching this stock so, I missed both signals I have identified on the chart but, when you follow a company using technical analysis, there are almost always clues in advance of the market moving up or down.
As you can see from the chart below, had you been watching the chart and knew what to look for, you could have positioned yourself well ahead of both moves up in this market. You would have also determined that taking profits when the last rally ran out of steam by selling off 1/2 your shares was a good short-term stragtegy because the marekt was due for a correction.
LYJN - Daily Candlesticks
Thanks for you help!
Will do!
Is it possible that you misunderstood what transpired in that phone conversation? Perhaps, the association in Peru is not for profit but, I'm certain that ORRV is being compensated in some way for doing the recovery effort. That would make sense to me.
Certainly anything like that is a help. But, for the price to move up significanly. Like to a $1.00 or so, there will likely have to be a positive quarterly report showing earnings of any kind.
Interresting. But, why I wonder did the PR make no mention of this operation being not for profit? Why would any company agree to do a not for profit venture of this type? I find it hard to believe that what you are saying here is true. Perhaps I'll try to call them myself.
Comments on the Chart - ORRV is not an easy chart to analyze because the signals do not offer confirmation in most cases and there are no noticable chart patterns to go with the technical indicators that would add a clearer picture. However, looking at the recent history of the price movement and signals from technical indicators, there are clues that preceed every spike up in the market and based upon recent clues, I believe it is very possible for a price rise to begin in as little as the next few days or as far away as the next two weeks.
Check my last post for a possible reason why this might happen. Of course if no news is forth coming, that could become a negative but, in either case I believe there will be some kind of price rise here based on recent price movement (possibly as high as $0.0025) as it appears that most of the short sellers are or have covered and I'm certain that there has been some accumulation on these low prices recently although it's not reflected in the A/D indices.
See Chart below: ORRV - Daily Candlesticks
Bullish Divergence on the Chart - Believe it or not, the last time this kind of bullish divergence appeared on the ORRV Chart, the price first dropped back to support and then almost trippeled in price in just 2-days. I'm going to look over the chart this weekend and maybe I'll have time to notate a chart and post it here. Bounces in this stock are great because it gives us a chance to take profits on get back our original investment so the balance of the shares constitute a FREE Trade.
IF it does bounce here, one reason why it might could be a news article announcing the start of the Joint Venture salvage operation in Peru which according th the PR on 4/27 was scheduled to begin in May or June 2011.
From the 4/27 PR ... "This project will focus on working in partnership with Mar Del Sur Association, a Peruvian based organization dedicated to locating and recovering Colonial era Spanish galleons lost along the coast. Named Southern Cross, the venture is due to begin in the late May to early June timeframe."
WNBD Buy Signal on June 26th. I'm sure all you technical analysts had no trouble recognizing this signal but for you NEWS watchers, a good price chart and a little knowledge of sound technical anlaysis could have gotten you in this market well before the move up. However, since we've already seen a huge correction day, you can probably still get in at a decent price.
See Chart below: WNBD - Daily Candlesticks
I think you should ask an invesotr relations person at WNBD that question. The two 500 figures are very suspicious if you ask me. I think that the two 500 figures are likely incorrect. But, only WNBD can confirm it for you.
Thanks for the post but, the timing is a little slow here, isn't it? I would have rather bought about 3 days ago during or just folowing the formation of that double bottom on the daily chart. Buying into an already over bought maret today, you already missed a huge part of this move assuming that it continues up. I would e inclined to wait for a reaction now.
Thanks I'll check it out!