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This stock is running on technicals and not news, it went from 0.007 to 0.0068 with no news at all, thats a 871.43% gain in a little over a week!!! Anyone who is saying it is news driven is trying to flip the stock and mislead you!!!
There is a lot of speculation on EVXA with the oil spill and hurricane season upon us. This stock has legs and its ready to run strong regardless of news!!!
GLTA
Looking at the last 3 weeks of trading we have Tuesday, Wednesday and Thursday Red, Friday and Monday Green. I do not expect too much today volume is very light and has been getting progressively lighter for the last 3 weeks indicating accumulation. Tomorrow will be green again. I think we close around 0.0045 - 0.0047 today, we have already reached our low, do not see it going lower than 0.0040. Primary support is on the 50 MA which is around 0.0039, secondary support is on the 15 MA which is around 0.0046.
GLTA
LOL, glad you like I have that certain "monkey" charm ya know hehe.
LOL, hey Amee I updated my profile picture like you asked :).
It could be seems MM's are trying to keep this thing down for what ever reason. It dipped below the 1st support level so the rating changed. EOD will tell the rest of the story. Volume is very light, this is a significant signal that only a few are selling and in very small numbers, this is good sign momentum is building.
I didn't say I was getting out of the stock, I am holding until August / September when it hits 0.15 or higher. But go ahead and bookmark this page, I will resign from the board and you won't see my smiling face (see profile picture) again :) that is how confident this stock is ready to move!
BREAKING NEWS!!! EVXA upgraded from HOLD to BUY rating
http://www.barchart.com/quotes/stocks/EVXA
Look at the trading for the last 3 weeks, we experienced a 3 day pull back and Friday BOOM, the same will happen here. Volume is very light, that means accumulation, investors are holding on to their shares. We are in a very narrow trading channel, we are holding support well on the 15 and 50 moving averages, fasten your seat belts we are going to see big action next week!!
I agree, this stock is driven on oil spill and hurricane speculation, not company news right now, EVXA is not a "pump n dump" stock.
If this was a normal "pump n dump" news would be essential to get it moving. As we know going from .0007 to .0068 with no news watsoever this is NOT the case.
With a "pump n dump" pink shell company they hire "pumpers" that start sending news letters, post on boards and get young newbee investors excited about it. Then some B.S. PR comes out and drives the price up. Then all of those who are "in the know" dump their shares and the rest of the newbee investors are left with a ton of shares that are worthless, also known as "bag holders". We are not seeing that with EVXA it is running on technicals and investor speculation.
Overall it is investor opinion that drives the stock, news can be a catalyst that drives more interest but the are many of factors going on with this stock that require attention than a simple glance at a single days movement. This stock is moving, I have been doing this for well... let's say more than a year now, and know you have to be patient and let these patterns form and play out. This stock is going up, and then the chase will be on.
Let's also remember that we are hading into a holiday weekend so volume will be light most likely. News or no news, I give it 5 trading sessions, let's say by July 8th. If we are not close to or over .01 by then, I will hang up my hat and resign from this board.
Also remember, the bashers will come out of the woodwork every time, it is more predictable than technical technical indicators LOL.
GLTA
News or no news, shell or no shell, technicals a too strong to ignore. I would not be surprised to see price explode any day now, even as early as tomorrow or Friday, we are sitting on a powder keg imo.
GLTA
cool, will check that out.
Thanks everyone for the kind words, much appreciated!
I am not Clay, "I yam who I yam" like Popeye would say LOL. Today is BUY tomorrow is GREEN IMO.
We are in a progressively narrow trading range that is forming an ascending triangle pattern. With each swing high and low we are seeing progressively lower volume all with same resistance level, but higher support levels on each dip. This is forming a tight squeeze at the tip of our triangle...we are ready to explode any moment.
I've been called a lot of things in my life, but a MM??? Them's fightin' words. LOL
EVXA is a HOLD
I wouldn't recommend selling. Everything says hold. You may not be able to get back in at these prices again! The trading range is too narrow now to mess around trying to flip the stock on a day trade. This stock is ready to explode at anytime and you could loose out on big gains. Just my opinion of course based on technicals.
Hold Rating:
http://www.barchart.com/quotes/stocks/EVXA
Today's outlook and chart update
If you are looking add more shares today would be the time to do it. We are in a very narrow trading channel now within an ascending triangle pattern. This stock is ready to explode at anytime, I have no doubt about this.
Put your buys anywhere from 0.0047-0.0050, we should see highs around 0.0057-0.0059, if volume stays light 0.0052-0.0054 today.
GLTA
You need to adjust for the 1:500 reverse split we had on March 11th, so actually the 52 week high was 0.5400, 13 week high was 0.4300 and the 52 week low was 0.0007. It's anyone's guess why stocks do what they do, you would have to check news, financials, etc. to try and determine if there was a cause. Could be something in the market as a whole and nothing related to the stock, or could be some institutional investors decided to dump their shares and move on. It would be guess work at best without serious dd.
I do not have a crystal ball and I do not have psychic abilities. I can however tell you what is likely to happen with price movements based on key technical indicators and trading patterns that are developing.
If you want to know why the price was .40 cents and dropped you need to do some research into news, events, earnings, etc. to see what triggered the price movements, it could be anyones guess. I can tell you that it is normal for a stock to experience highs and lows that is just part of price trends.
Also... I did not claim we would hit a penny this week. I may have said I would not be surprised to see it hit a penny because we are in such a narrow trading channel the stock is ready to explode at anytime.
Yes the charts showed us today was probably going to be red for the most part. Yesterday's candle showed us a hanging man indicating we would probably see a pull back near support lines today, which is what happened. Tomorrow we may continue to see a pull back to support on the 15 EMA which is around .0046.
Tomorrows Forecast
If you are looking add more shares tomorrow would be the time to do it. We are in a very narrow trading channel now within an ascending triangle pattern. This stock is ready to explode at anytime, I have no doubt about this. Put your buys anywhere from .0047 to .0050 and we should see highs around .0057 - .0059 unless we breakout then it will rocket higher. Not much to update on the chart, I have been away from my computer for most of today.
GLTA
According to FINRA rules they should not have placed anything smaller than 2,500 for trades .51 to 1.00 and 5,000 for trades under 50. Not sure what the deal was today.
FINRA Rule 6650 Minimum Quotation Size Requirements For OTC Equity Securities
Every member firm that functions as a market maker in OTC Equity Securities by entering firm quotations into the OTC Bulletin Board Service (OTCBB) (or any other inter-dealer quotation system that permits quotation updates on a real-time basis) must honor those quotations for the minimum size defined in the table below. In this regard, it is the market maker's responsibility to determine the minimum size requirement applicable to its firm bid and/or offer in each of its registered securities (excluding OTC Equity Securities for which the OTCBB will not accept firm quotations). Depending on the price level of the bid or offer, a different minimum size can apply to each side of the market being quoted by the member firm in a given security.
Price (Bid or Offer) Minimum Quote Size
0– .50* 5,000
.51– 1.00 2,500
1.01– 10.00 500
10.01– 100.00 200
100.01– 200.00 100
200.01– 500.00 25
500.01–1000.00 10
1000.01–2500.00 5
2500.01+ 1
Thats my understanding, MM's or computer programs used by MM's break the orders into small chunks to be matched with other orders so they don't move the market too much.
I think MM's would use a telephone, instant message, or some other means of communication. This is probably an "urban legend" or some kind of myth. I think a more likely explaination for this is:
"Many trading orders these days are executed by computers. Like human traders, the computers break big orders into small chunks (say, 100 or 500 shares) and then match them with orders on electronic stock exchanges. The reason the orders are broken into chunks is so they won’t move the market too much. Stock trading is relatively illiquid, and big orders can drive the price of a stock sharply up or down. Since the dawn of Wall Street time, clever traders have tried to hide the amount of stock they ultimately want to buy or sell to avoid having their own orders move the market sharply against them."
See
http://philsbackupsite.wordpress.com/2009/07/22/the-latest-wall-street-trading-scam-that-costs-you-billions/
why wait until next week? LOL
nothing surprising, chart says it all. we are in trend reversal and price is correcting.
4999, 5000 is MM manipulation
Is that 0.006 I see? :D
EVXA upgraded to HOLD again on barchart.com site as well.
.0061 - .0068 then boom!
http://www.barchart.com/cheatsheet.php?sym=EVXA
Say hello to .006's! Fasten your seatbelt everyone, it looks like we are ready to rocket.
no I wasn't but it shows how these stocks can explode in a short period of time for sure.
thanks, the chart shows the gap we are looking to fill once the stock breaks-out.
with news or contracts anything is possible, however I would not want to speculate on how high we are going, only that it would be huge.
EVXA Daily Chart and Technical Analysis
Before I get started, I have to vent somewhat about American Bulls website. This is like the 3rd time I have looked at this site for EVXA they have had posted wrong or misleading information about the stock.
After Friday's close (June 25th) americanbulls.com said the candle was a spinning top, signaling indecision. What cracks me up even more is the page said something like "We keep saying WAIT...However, the market continues to go up despite our previous SELL signals". If you look at Friday's the candle you will see it is actually a Marubozo candle which showed the bulls were very much in charge Friday, as seen by the 22.73% gain!
I don't know about you, but I will take a 23% gain any day. It is amazing how much misinformation is spread on sites that claim to provide reliable research information. I encourage everyone to do their own DD first before taking anyone's word for something, this includes me as well!
K's Technical Analysis...
Here's what we do know about EVXA and where it is headed. We have several technical indicators that are spelling B R E A K O U T ahead for this stock.
1.Double Bottom (Reversal)
June 8th confirmed this major reversal pattern that signals the stock has bottomed out and a major up trend has started. Once we break resistance from our previous peak around .02, it will signal we are in full trend reversal and can expect the gap to be filled back to .10 and higher. We have seen prices as high as .54 in March. This is after the 500:1 split so I am confident we could see some serious gains here from current levels.
Reference URL:
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:double_bottom_revers
2. Golden Cross
Last week we had another strong bullish signal known as a Golden Cross. This happened when the 15 day moving average has crossed above the 50 day moving average. As long-term indicators carry more weight, the Golden Cross indicates a bull market on the horizon and is reinforced by high trading volumes. Additionally, the long-term moving average becomes the new support level in the rising market. This is considered a signal that the market has turned in favor of the stock.
Reference URL:
http://www.investopedia.com/terms/g/goldencross.asp
3. Ascending Triangle (Continuation)
On the 60 minute chart and now daily chart it appears we have an ascending triangle pattern forming. The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation.
Reference URL:
http://stockcharts.com/help/doku.php?id=chart_school:chart_analysis:chart_patterns:ascending_triangle_c
4. Cup with Handle (Continuation)
Another possible pattern has appeared known as a Cup and Handle. As the stock comes up to test the old highs, the stock will incur selling pressure by the people who bought at or near the old high. This selling pressure will make the stock price trade sideways with a tendency towards a downtrend for a few trading sessions, then it takes off.
Reference URL:
http://stockcharts.com/help/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle_cont
5. EVXA - Daily Candlesticks
Here is an annotated chart showing some of the patterns mentioned above. I will update the chart as new patterns emerge or important signals develop.
GLTA
wow, thank you for posting the link, amazing the impact this mess is going to have for years.