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raginganny....I would say by looking at pre-market L2, that it's not true.
Hope you fundamentalists are correct, because the charts that I follow don't look so hot right now. Hope ya all had a great weekend!
epox....I don't really follow the pickers that close and sometimes I don't even follow the fundamentals as close as I should. I'm 99% TA....everything else will follow. Hope everyone had a great weekend.
cargo_hauler>>>>thanks, It's tough to follow all the indicators. I do like what I see in what I follow. Important key on Monday will be the volume.
Blood_Lust....that is a distinct possibility.
Followup on indicators (OPINION):
Bollinger bands>>>>top bollinger is at .0004 (Opinion: negative)
MACD>>>>had positive crossover on July 6. Still has room to move up. (Opinion: positive)
RSI>>>>using 14, currently at 55.43. Lots of upward left. (Opinion: positive)
CCI>>>> currently using 20 as a benchmark, it is at 66.67. Can go to over 200. (Opinion: positive). Keep an eye when it goes over 100 using 20 benchmark. Might be sign of weakness.
50 day MA>>>> was .00039 as posted earlier. Closed at .0004 (Opinion: positive).
200 day MA>>>>currently at .00081 (that's why it may afford some resistance as per previous post).
Full STO>>>>using 14,3,3....shows has some room to the upside but getting close to topping. I usually stay away from this indicator for the pinks as fluctuations from 2-3 or 3-4 distort readings.
Couple last comments. Bollinger bands are very tight similar to February of this year when an explosive move (2 to 17 within 20 days) occurred. STO can extend and I find it difficult to rely on this indicator because of the narrow trade ranges.
Key will be volume on Monday.....once again....have a great weekend!!
Technical OPINION.
Targets: .0004 (which we are at), .0005, .0008, and .0017 (March 13-15).
Degree of difficulty:
.0004>>>>the hardest of the 4 prices to break listed above. Seems resistance going back to April 24 barring the move on heavy volume to .0008 (early June) which was obviously an end run a few weeks later.
.0005>>>>second most difficult (April 24 to May 8 where it did not break higher, but instead went to .0003-.0004).
.0008>>>>nothing exciting here. Had a 700+ million day back in early June where I imagine people who got in there (before the fall to 2-3) will be breaking even and may have a inkling to sell to break even. Could be a bad move if they do as .0017 would be the next stop. Constituted an end run where it went from 3 to 8 in two days (not too healthy).
.0017>>>>breaks that and short term we are in uncharted territory.
KEY Support is currently at .0002 which we all know. Closing with a bid-ask of .0004-.0005 would change key support to .0004.
.0010 has no relevancy other that it is a round number that some people mark as a benchmark.
Have to do some further analysis on why volume to the spike of 8 in early June has been absorbed yet (cover the short).
Key indicators to watch:
1. If volume exceeds 400 million on Monday, should be the next leg up.
2. Keep a close eye on real time level two for improvement/deterioration during Monday's action.
Most of this is common sense to day traders. One last thing. I am strictly a TA person. Some do not think it works on the pinks, but it does afford a sense of discipline and not falling in love with stocks. As for you fundamental guys....I hope we continue to get news next week.
Enjoy the weekend.
rai...don't take it personal. He did the same to me......and I'm a retired First Sergeant!! Have a nice weekend.
Have to run some charts on this one. Got in at .0003 before the rush. Purely a technical player. Have real time level two which is why I bought.
Have a nice weekend all.
Have to find some targets.
Here's one for ya. We closed above the 50 day moving average. Close at .0004 and 50 day was .00039.
Closing L2: .0003(8) x .0004(2). Have a nice weekend all.
Could touch 5 today.
2 left at ask 4....volume picking up.
Now 9 x 3 on the size.
L2 size now 7 x 6.
L2 size now 7 x 7.
L2 size now 7 x 7.
I hope so and a pickup in volume would be nice.
L2: .0003(6) x .0004(7).
Ask size is 8....down from 11
Now 5 on the bid of .0003.
Still 3 bidding .0003.
3 bidding 3 and very few sellers if any.
17(1) x 18(8).
Make that 17 x 18.
L2: 16(3) x 17(1).
L2: 16(2) x 17(4).
Now 4 bidding 3.
L2: 3(3) x 4(11).
Last: 16. Volume 55.2 million. L2: 15(4) x 16(3).
It seems to me that volume started to pick up in the afternoon yesterday.
L2: 15(4) x 16(2).
L2: 17(4) x 18(7).
L2: 17(4) x 18(7).
Then why is everyone so pumped up here? THX
Can someone tell me about this number 3 well in a sentence or two? THX
CLYP just went to 005. 22(4) x 24(2).
Had to take the kids to the dentist. L2: 22(4) x 23(CLYP).
Well.....looks to be continued consolidation based on delayed news. Have a nice day all.
CLYP now at 24 ask. That's the lowest I have seen from him.