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I like the weekly setup on the chart. all momemtum indicators are pointing up; MACD and Stochastics. I like the fact that even though it is down the price is still between the upper band and middle indicator in the Bollinger Bands. RSI though did turn down a little on the weekly chart set up and the price went down on higher volume.
on the daily set up the momemtum indicators are pointing down but I think that with all that OWVI has going for it we will probably bounce off of the 50SDMA which is at .00268
we're looking at a nother couple of days of down turn on low volume to the 50SDMA.
With all that OWVI has going for it the next couple of days of "profit taking", as Clay put it on his video, is nothing to worry about.
for those of you that have money sitting on the sidelines I would suggest wait until it hits .00268 and pounce on it at the ask above that price and it will inevitably turn the momemtum indicators like the stochastics RSI and SDMA.
this is what I think I see on the chart I am definately not a chartist and in comparison to many in this board I am a novice by virtue of lack of knowledge not by virtue of amount of time of watching the market.
ichimoku has officially gotten above the clouds!!!!!!
OWVI all the way baby!!!
good morning everyone! let's get some volume confirmation today and this will be huge!
this action was great! but what I like the most is this;
on the weekly indicators-
Full Stochastics is rising with plenty of room to go
MACD is rising with plenty of room to go
price rose on higher volume
price closed between middle and upper BB
BB tightened a bit
RSI has started to move up slightly
on the daily indicators-
Full Stochastics is rising with plenty of room to go
price rose on higher volume
price closed between middle and upper BB
price closed above the 50SMA
RSI is above 50 and rising with plenty of room to go
over all, those are just momemtum indicators but the momemtum is indicating we're going higher and I don't know about you guys but me likes :)
Good Morning! descending triangle is what your notation looks like. what positive move do you see?
It is time for my morning prayer.
Lord I thank you for guiding us to OWVI in your effort to bless us with abundance and a cup that over floweth so that we can in turn be a blessing unto others. I pray you bless OWVI with your favor and your grace. Amen.
Let us all have a prosperous 2010! :)
Guys, if God were to trully bless this thing $10+/share is more of what I am looking at in the longer term. Say 5 years from now maybe.
Ahh, if I were only speaking profetic words.
sorry I am dreaming I know. :)
have a great day everyone!
buenos dias amigo! = gutenmorgen Freund!
Go HESG!!!
good morning all!
I am afraid that the momemtum indicators on the daily chart looks negative for the next couple of days.
this could bounce off of the 50MA.
so down on low volume becuase of the holiday week not bad. from what I understand down on low volume no problem up on high volume awesome!!!
that being said have a great, safe and merry Christmas. hopefully after the holidays the momentum indicators will be starting their move up with higher volume.
this is what I was talking about
http://stockcharts.com/h-sc/ui?s=OWVI&p=W&b=5&g=0&id=p22704714217
the full stochastic on the weekly setup turned down. now that is not to say that since the weekly setup is pointing up and just made it over the 20 mark that it can't continue and turn the weekly stochastic up.
I like the daily indicators on this but I don't like the fact that on the weekly indicators the full stochastic has turned down.
I would suppose this means we're going down for this week and maybe all the news we're expecting would come after the holidays.
any thoughts?
it looks like the charts always seem to be right. today seems to be a textbook bounce from the triangle formation.
I like the bounce, bounce away!!!
the full stochastics on the daily chart also looks like its started to move up that is a great sign.
RSI also turned around and pointing up.
I hope this continue to move up so the weekly chart indicators also turn around becuase they are still pointing down.
good stuff Thanks bud!
Good morning everyone!
Please elaborate as to why you see further downturn. I am not an expert but I don't like the fact that the MACD just crossed the zero mark. RSI is now pointing down. What I do like though is that the Stochastics is at the bottom and it could turn back up unless it inbeds which I hope does not happen.
Someone had posted an anotated chart showing that the price is in a triangle. If it is than this could go up becuase it would be bouncing from the bottom of the triangle today.
can someone please go over indicators on the chart and explain them so that we can all understand them better.
I also like the fact that even though it has been going down it has but in lower volume than when it does go up.
Thanks.
Good morning! I agree with you, if he has good news he would wait until next week. In fact! I hope the news are so good and he does wait until next week but realeases something this week indicating that news is coming. If the news is released early monday or tuesday premarket we are off to a prosperous 2010. If the news come later in the week, like a thursday or a friday and either during the day or after market when no one can do anything about it, than we could be toast.
Lets keep the price from getting lower!
only 90k shares here and looking at the short term daily chart and seeing this thing continue to go down. I think this thing won't turn around until next week now.
I am not in love with this stock just simply obsessed with waiting to see it go back up soon.
yeah, it looks like another bounce off of the .0029 just like yesterday which was probably created by the buy on rumor and sell on news short timers.
yesterday I mentioned that the chart showed a negative on the short term (daily chart) but it look very bullish on the longer term chart (weekly)
Clay's anotated chart is still not violated; This could be just a short term dip.
I keep hitting the screen but nothing happens.
:)
sorry just being silly. coffee must be kicking in. :)
good morning everyone!
Here is what barchart.com has on it.
Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Hold
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Hold
Short Term Indicators Average: 60% - Buy
20-Day Average Volume - 112959648
Medium Term Indicators
40 Day Commodity Channel Index Buy
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 100% - Buy
50-Day Average Volume - 115091016
Long Term Indicators
60 Day Commodity Channel Index Buy
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% - Buy
100-Day Average Volume - 89594203
Overall Average: 72% - Buy
Price Support Pivot Point Resistance
0.0033 0.0027 0.0035 0.0043
on the weekly the chart looks positive for buy and hold.
full stochastics is rising
MACD is rising
BB is tightening up
price is above the 20SMA and below the upper BB
price is down on lower volume
on the daily chart though it doesn't look as promising but again this is a shorter term view
RSI is pointing down
full stochastics is starting to point down
what I like about the RSI is that it is still above 50 and if it stays above 50 it can turn around with the news we're expecting.
the full stochastic has been a little gittery also so since it is above 50 that could also be a positive.
I am no expert so I am just stating the obvious.
I am in with not as many shares as you guys but I am hoping for the best.
I would also suggest setting up alerts on your acct to be sent to your black berry.
if the bullish pennant flag continues to hold per Clay's video you should have nothing to worry about.
the bullish pennant flag was not violated as per Clay's video
I wish I would have heard about this 9 days ago. :(
oh well I am in now and the bull penant looks good. :)
good morning all!
I am glad I in what looks like a pretty good potential with this one. I posted this in another forum I used to belong to along time ago to bring more eyes to this one.
I feel like an OWVI evangelist. :) just trying to tell the world about it.
looking at Clay's chart it looks like we're going to continue seeing lower pps until we reach the key support line clay drew on the chart.
I am not an expert but it looks like we have to also make sure the MACD moves back above the zero mark.
Another thing to notice is the lower highs on the chart and the steady bounce of the .0008 mark. This seems like it is forming a descending triangle. http://stockcharts.com/help/doku.php?id=chart_school:chart_analysis:chart_patterns:descending_triangle_
I am afraid this could be bad if we don't bounce off the trend line Clay drew. If we bounce this could be good.
be careful out there. I am in since .0017 so I am hurting on this and I don't want it to go lower but I am afraid it's looking suspicious.
as I mentioned I am no expert so if you see something positive that I am just missing please do share.
Buenos dias a todos! good morning to all!
hope we get a good high today! in PPS that is LOL!
I like the fact that the daily stochastic started turning up. on the weekly the MACD is above zero and the weekly stochastic is still above 50.
also the golden cross on the daily 50MA over the 100MA
plus the daily ichimoku cloud indicator on the daily chart is also very strong.
this is simply looking strong, I am just saying.
in deed, I also like the fact that on the weekly set up the MACD crossed over the zero mark and that is bullish. This is also indicative that in the longer term this is definately going to continue climbing.
hooo hoo!!!
ah, ok.
cuz I was just pulling it on the daily and the weekly set up and it looks good on those two.
what is the MACD setup you're looking at? cuz I don't see it crossing at all.
if you mean it's crossing on the weekly setup than that is a good thing.
30,735,158 buys only 15,396,025 sells
tons of people buying this has to be a good sign right?!
good morning!
that was a great read.
question for yah. other than barchart.com for pivot points etc. are there other great stock analysis websites one could use for free?
Thanks your insightful posts are much appreciated.
yeah, its a healthy pull back I think. this has been riding outside the bbs and it needed ot pull back into the bbs
OS results are key based on the conference call today.
Trial risks and regulatory risks are the hurdles we need to overcome.
"early data seems promising" says Ray
if OS results are positive by which we will know at the end of second quarter 2010 we could get approved.
the rest of the pipeline is also being pushed.
Ray sounded more at ease today than he did on black thursday.
we could go back to about $.30/share or maybe a little bit higher
short term this is good!
:)
from what I understand when news come out early in the week generally they tend to be good. but also when the news come out later in the day they tend to be bad news. so why is the conference scheduled on an early in the week time frame but late in the day when retail can't do anything about it.
boy, I wish I had a crystal ball.
I try to expect the worst but hope for the best.
i agree with you.
you and I are in the same boat but now I am trying to listen to what I should have listened to the first time.
I knew the charts had a descending triangle which is bearish. but I followed my emotions and here we are now.
my limited chart understanding is telling me this thing is going to come back up.
now it looks like we're in a bottom triangle and bottom wedge formation which is bullish.
here is the link that explains that in detail.
http://scan.trending123.com/demo/serve.shtml?page=education&eventtypeid=34&ref=education_menu&sid=311998502
I could still be wrong. I don't know.
this is just a very short term outlook. becuase yes it looks like dilution is inevitable and that can't be good for the stock price at all.
just my novice opition.
hola!
I hang out just reading the board and boy it seems everyone dropped this one like a hot potato.
this one is not done just yet. I don't think. doing what I don't know.
good morning!
let me ask you, what are you looking at that may be indicating that this stock will go higher in a month's time?
I have hopeful(or wishful) thinking that you're right I simply want to know if you're looking at technical analysis or something.
is it the huge gap? are you thinking this thing will close the gap and stay closer to $0.30/share where there is major resistance?
Thanks.
this seems to be good information and I hope the results are positive.