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chart - we are headed into trending area
http://rt0.c.prorealtime.com/ProRealTimeNew/tmp/img_12484595571397.gif
secondary chart
http://rt0.c.prorealtime.com/ProRealTimeNew/tmp/img_12484597186607.gif
resistance levels to be broken are 0.15 0.16 and then the 18/19 and the BIG .20
I am guessing that when the 200ma (red) goes then we will see a big spike and a retrace. Things are looking bullish.
watch out around 0.18.. resistance in the form of a 200 day MA and also near the wedge top. There is a breakout catalyst in the form of earings. So watch for increased volume around 0.18
Why cant I pull a Rip van Winkle or just press fast forward on my life. 20 long days coming up till the earnings.
BTW big sell order now at 0.147 prolly to allow for time to work for the seller. As time progresses price cant move above the 175k sell order meaning that the price will break down under the rising intraday moving average. Nothing to worry.
Would be funny as heck if the seller gets taken out - as in that the strategy backfires :D
Might get a technical dip in the next few minutes. very short term MA might fail. Dont worry :)
Been flipping over and over to push avg price down to 0.08. This baby will get me a nice downpayment on a house or something hehe.
I cant imagine that resistance really means something when it trades at a mere 4million average. That would mean about $540.000 traded per day.
When someone wants this down it WILL go down IF they have the shares to do so.
A 200.000 shares at bid will be taken out in a heartbeat.
But since this stock has been under accumulation for a while now it is my guess that the shares are held tightly by most of the people that make up the float.
The supports and resistances are merely cosmetics to indicate tradabel ranges, but with these volumes they are EASY to take out.
Currently the price is above the moving averages on multiple timeframes and it is likely that the MA's will "carry" this stock up. Expect sine like fluctuations untill a pattern emerges.
OBV has been stairstepping up so that kinda confirms trend (though i reckon we cant really speak of a trend as of yet.. needs more time).
I just hope that we take it slow. Much better to have this creep up in the shadows up to the point where people get scared witless due to possibly missing this play. THOSE are the nice spikes.
Dunno previously we were in a strict pattern.
None the less hourly speaking:
RSI is turning up 60ish that is strong trending
OBV still has to break highs
Stoch are looking ok, bounced off of oversold
Im guessing 0.165 will be resistance and 0.20 a strong resistance area.
Support are the moving averags.
Daily speaking price is above the moving averages and those are looking NICE!
http://rt1.c.prorealtime.com/ProRealTimeNew/tmp/img_12483717321595.gif
Nice and tight with the 20 and 100 ma about to cross above the 50 ma
MACD looking good crossing above 0
Stoch moved out of oversold and is rising
Adx is increasing (trend indicator) but nothing serious.
0.18 is the 200 ma.. that is a biggy, Dont expect that to break without news. Other than that price seems to be in a large wedge formation.
Tactically speaking:
MMs tried shaking out more shares arount 0.11 but noone wanted to sell. So they might try higher ranges to accumulate.
anyhoo im just gonna sit back and hope for slow increase. If we get spikes I'll tap out my scalp shares and attempt to rebuy lower for more free shares.
nice rebuy order at 0,132 went through. Nice load of free money from selling the top yesterday.
long run is up. So no worries there. Im not touching my long account, my scalp hold is for messing about. If I manage to scalp shares then those will go to my long hold and are not to be touched. It's just a nice way of pushing the average price down.
But I have tried to overdo it in the past and that lead to quite big losses in my scalp account. So basically I only scalp big predictable moves and not the tiny (8% ish) moves.
After Hours Volume: 42,600
After Hours Last: $ .1489
After Hours High: $ .15
After Hours Low: $ .14
Not too big a volume, no chasing.
You connect a close to an open. Better to take the highs. That will prolly hit todays close.
Nah, 50k more. Got a huge core and a huge scalp hold. Sold half of my scalp on the spike. Reentry missed by friggen 0.002 !!! So hoping to reenter that tomorrow.
Mesa is long term. This baby is going places. I just want more free sharesssss
At a gap up open we will prolly see a selloff to the previous close. Kinda depends on the AH and PM activity.
If the volume is weak then im not risking it.
But I wouldnt mind selling my shares to chasers and buying em back from them at a 20% discount :D
If this opens with a big gap up im selling the open.
Would be funny as heck when this pops up on the scanners and people start chasing this in AH again ...
10k I take it? I messed up timing a few times, but the add yesterday was spot on. Missed bottom by 0.005 ! Those are the 50k shares I dumped at the spike. Just hoping for an EOD selloff. That will 1) give me 20% shares for free and 2) keep this off of the scanners. Dont want this stock bloated with impatient and cluless sellers/flippers again, we waited long enough.
Dunno, might have been mechanical for one part. The sellers shares were accumulated the last few days. The shares ran out and the sprint began triggering stop orders. Also I am guessing that there are lost of peeps watching this stock, so might have been a few chasers.
Thats why I'm waiting to reenter on support around 0.13-ish
We might see a small drop back to the 0.13 .. will reenter my scalp position which I just tossed out of the window at the pop :)
GZ to the holders. Alot more to come. But keep in mind the more spikes this has the more braindead idiots will hold shares.
Im just hoping that it wont close at hod. All this patience waiting for the sellers to dry up might be ruined then.
on a 1.44% short interest? Zzzzzz
Short Interest (Shares Short) 1,928,000
Days To Cover (Short Interest Ratio) 0.6
Short Percent of Float 1.44 %
Short Interest - Prior 2,056,600
Short % Increase / Decrease -6.25 %
Yeaahhhhhh right.
I'll just stick to my theory that the float swapped hands in the pennant on the default pattern of a pump and dump (albeit that this was not a pump, but an actual court result)
check the chart:
Price was at support (the MA's) while it was in the pennant. In order to break out prices often move a bit down below the support to have time work in its advantage. The next cent up broke BOTH the pennant and the MA's.
Now check the Stochastics. They started to move up and went on till they reached overbought right as resistance.
So we now can draw a new very weak resistance line to the new 0.128 top. And price is above the 200MA that is starting to curl up.
We just might have to wait for the yellow 20ma to slam some momentum into this baby.
BTW notice how the macd and adx are going green/curling over 30.
http://rt1.c.prorealtime.com/ProRealTimeNew/tmp/img_12482859947330.gif
so the price movement has been mostly technical IMO.
At the time of writing the price is 0.118 as in above 200ma support
shorts? Why the heck do people immediately scream short when a stock doesnt move up. Where is the volume on this stock? So its a lack of bulls and not shorting.
We have been steadily trading down. Thats when most of the sellers dumped their stuff. Right as the moving averages we saw some additional selling repeatedly
There are just so many shares in the weak hands so those will eventually run out. So when the stock shoots up a bit there wont be sell orders there. Those will be(and are now) coming in.
It is just a matter of time before the buying volume will be greater than the maximum selling volume related to weak hands can produce.
None the less there are more than enough people that want the stock in a range so there will be ample selling pressure.
But again the main idea is to transfer the bulk of the shares from the sellers to the holders. When someone buys low they wont feel anxiety as much as someone that bought high when a price drops a bit.
Didnt this just trade a pennant up till support?
It's aliiiive!
After hours stats
and I should've kept my post a bit more civil, though I really tend to get well annoyed with such people.
regarding the stats: Check the volume no the high prices. Outweighs the low by a mile. Lets see whether or not this will attract more AH love.
After Hours
Last: $ .116
After Hours High: $ .12
After Hours Volume: 141,700
After Hours Low: $ .07
After Hours
Time (ET) After Hours
Price After Hours
Share Volume
17:36 $ .116 28,901
17:36 $ .117 1,000
17:36 $ .117 699
17:33 $ .11 9,600
17:33 $ .1149 18,800
17:33 $ .116 1,000
17:18 $ .11 5,000
17:16 $ .11 3,600
16:35 $ .11 1,400
16:35 $ .1149 100
16:32 $ .11 2,500
16:31 $ .11 100
16:21 $ .1001 10,000
16:21 $ .10 100
16:21 $ .10 700
16:18 $ .116 100
16:17 $ .11 100
16:14 $ .10 100
16:14 $ .10 9,900
16:11 $ .099 100
16:11 $ .118 100
16:09 $ .09 100
16:09 $ .0799 100
16:09 $ .0713 21,000
16:09 $ .071 9,100
16:09 $ .07 2,400
16:08 $ .10 4,000
16:06 $ .11 400
16:04 $ .11 100
16:03 $ .11 100
16:03 $ .11 100
16:02 $ .12 100
16:02 $ .11 100
16:02 $ .11 100
16:01 $ .11 100
16:00 $ .1111 10,000
That is a total of $3000 .. we will have to see
Someone got very lucky getting 21k shares on 0.07 and minutes later the price is 0.116 again.
Theeere we go. AH at HOD now haha
Depends on the volume. Might as well be someone that just slammed sell without checking the bid.
We are very close to breaking out of the pennant chart pattern. So I added yet more shares. Nearly at final position size.
btw what are chances on delisting? Will they get extension or has extension been terminated for all those not compliant?
wont be long check chart
http://rt0.c.prorealtime.com/ProRealTimeNew/tmp/img_12477800746222.gif
pennant filling up nicely as the price surfs the 200 ma.
tax was related to the issuance of shares. One time indeed.
finally getting oversold risht on support
http://rt1.c.prorealtime.com/ProRealTimeNew/tmp/img_12474922009759.gif
Market might be headed up today due to all the financial news. Anyhoo this might be very usefull for the MESA off of its support.
Keep in mind that previous week the market went for a nose dive for the necklines on the H&S pattern.
That surely had a big effect on the overall price movement.
That 11.5 would be the close of the big day, indeed a nice price for support. Check where we are on weekly :)
prices are dropping on low volume. Where there is so little trade per day it is easy for a price to drop or gain alot. One should worry when the down days were on high volume. That is not the case as is.
Depends on where people were fired and where they are hiring.
If the layoffs were related to the West airways operation (or whatever its called) the layoffs were related to disontinuation of those operations.
Anyhoo gonna watch a crappy movie.
im guessing 0.23, 0.25, 0.29(biggy), 0.44 (biggy)
further more there will be:
-rising resistance resulting from the line connection 20march to 28april highs.
-200 day moving average around 0.19 or 0.20
more isnteresting though is weekly chart. Pay particular attention to the 20 ma (yellow)
http://rt2.c.prorealtime.com/ProRealTimeNew/tmp/img_12474246115838.gif
for the dreamer:
Much higher we see a resistance zone around 0.79 - 0.87 then another one starting at 1.11. Once those are gone there is next to no resistance up to 2.19.
Im not including resistance lines resulting from trendlines from the past.
Ok, one small addition though, I suggest to use a lower cost number per employee, for mostly the lower level emplyee will be kicked. (or so I can guess) But due to termination of flights we will see a layoff in pilots as well.