is ... YES - Another Profitable Day!
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Glad I could help! I provide the comments because that is the way I comment on my charts for my own purposes. When you look at as many charts as I do, you need to leave a trail to remind yourself of what you saw the last time you were there. Very often I see something new the next time and that very often makes a difference in my analysis.
Daily Chart Analysis - Looks very bullish to me! Here is the chart with my comments: http://stockcharts.com/h-sc/ui?s=F&p=D&b=5&g=0&id=p45068287272&a=254064263&listNum=4
Sound advice. Keep your own opinion first. Base that opinion on sound DD both fundamental and technical where possible. Keep in mind though that what many call fundamentals here at iHub are not fundamentals at all they are projections and anticipation. True fundamentals are based upon money in the bank.
The charts are a true reflection of how the majority of traders and investors currently value a stock. That valuation most often fluctuates of one of anticipation to one of reality in the current moment. Right now (in my opinion), reality seems to be coming into play. http://stockcharts.com/h-sc/ui?s=ICPA&p=D&yr=0&mn=6&dy=0&id=p52677956735&a=257286122&listNum=1
Thank you for the kind comments. They are appreciated. As far as an entry point for ENTB, the market is giving Overbought readings now so if you can catch dips to either the 10 day or 20 day EMA, or place orders just above those averages, that would likely be the best place to get it now. The lowest possibility would most likely be the 50 day MA. It seems possible for a drop to around $0.008 although the momentum of this market has been strong so perhaps that is not very likely. Patience is the key. If you watch the Daily, Hourly, and 15 minute charts every day, you will see a point whee all three charts are providing Oversold readings at the same time and that is where I like to enter the market. Sometimes, the daily chart will have been oversold and on it way up and the hourly and 15-minutes charts will become oversold to indicate confirmation that the uptrend is likely to continue. Hope that answers your question. I have only been watching this stock for a short time. Someone recommended it and asked for an opinion. That's how it got on my watch list.
ICPA Daily Chart Analysis - No matter how hard I try, I just can't find anything too positive about the ICPA Daily chart. That Double top I pointed out is now a very probably Double Top and in my opinion, at the very least there will be a correction to around $0.0125. So, I'm not a buyer here and I don't expect to see a buying situation for a while now. http://stockcharts.com/h-sc/ui?s=ICPA&p=D&yr=0&mn=6&dy=0&id=p52677956735&a=257286122&listNum=1
ROTFLMAO - a profit is a profit is a profit! Are you saying you prefer a loss?
Markets are dynamic. You need to be able to improvise and adapt in order to profit from them. Don't tell me this is new to you.
For every floor trader there are several hundred in their home office trading personal accounts. It's so much easier to trade from your home on the beach using a computer than it is to commute to the exchange everyday. It's whole new lifestyle, you know? Once you master technical analysis, you'll be able to discover it! For some insight to that lifestyle, you might want to read this: http://www.amazon.com/Complete-Trading-Living-Legendary-Companion/dp/0470040947/ref=sr_1_2?s=books&ie=UTF8&qid=1340116937&sr=1-2&keywords=trading+for+a+living
WEST - Just broke out of a Symmetrical triangle should be a good run up now! Details and a chart are here: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76733602
WEST Weekly/Hourly Chart Analysis - I typically follow 4 time frame charts on every stock I trade. The weekly chart is the BIG picture of where a stock is headed. In my opinion, we have a bottom formation now on the WEST Weekly chart. All of the OB/OS Oscillators are providing Oversold readings and we have a three way Bullish divergence between the Price and the RSI, Stochastics & %R indices. I bought in some time ago and was forced to take profits when the market stalled short of $1.00/share forming the downtrend line you see on the chart (link below). I bought back in again with an average price of about $0.19 when the Weekly Bullish Divergence formed. Right now, on the Hourly Chart (link below) there is a Symmetrical Triangle which in my opinion will break out to the upside very soon now. As you can see on the chart I have plotted an initial target price as forecast by the triangle of approximately $0.3125. That's only a target price but, that would bring the price up above hourly chart resistance and give it an opportunity to run.
Weekly Chart - http://stockcharts.com/h-sc/ui?s=WEST&p=W&b=5&g=0&id=p48864304143&a=240662478&listNum=3
Hourly Chart - http://stockcharts.com/h-sc/ui?s=WEST&p=60&yr=0&mn=1&dy=7&id=p08064964730&a=241880892&listNum=3
Thanks for the heads up! It does look interesting but, at the same time a little confusing. It's rare when a market is in a downtrend and the indices are continually giving Overbought readings and seldom Oversold. Usually it's the opposite. I like the volume increases in the last year even though the price went down for most of it. What has me intrigued is the apparent formation of an Ascending Triangle on the weekly chart. We could be in for a quick move up to around $0.80 to $0.85. I look more closely at it when I have time. http://stockcharts.com/h-sc/ui?s=SBFM&p=W&b=5&g=0&id=p31430297275&a=269842951&listNum=5
That symbol's chart looks weak. It's in a downtrend and it's approaching Overbought conditions so, it's likely to go lower. I'll post a chart on that board later on.
GSX looks ok for the moment but, the bears are selling price rallies here so, it could also still be stuck in a downtrend.
The chart looked great yesterday. Today, it looks like a volume-less sell off at the top of a triangle. That may be no big deal. I would not bail out yet I just think caution is in order. A Bearish Divergence does not take place unless certain factors are present and those factors include significant profit taking and perhaps short selling at a key resistance point. So, you need to be flexible. That's why I do not position trade. It's way too risky.
I'm not sure what you mean a "valuations". Are you referring to fair market value of the stock derived from fundamental data? If so, I don't have all the data I would need to do that. I'm a technical swing trader who pays attention to certain fundamental data that is readily available but, my buy sell decisions are almost entirely based on the charts.
The bears are back! There is a bearish divergence now on the PHAR daily price chart. It's not official until the market closes but, at this point. In my opinion, caution is in order. The trend is still down so the bears are still in control. Once again, the volume factor is critical here. The bulls could buy in force and drive the bears into covering their shorts and we could have a very nice rally on out hands but, at the present time, the lack of volume allows the bears to be pushy and if they push again tomorrow, we could be heading for new lows instead of a rally to the 200 day MA which is possible based on the charts but, a body in motion tends to remain in motion until acted upon by an outside force and when it comes to stocks, that force is volume.
http://stockcharts.com/h-sc/ui?s=PHAR&p=D&yr=0&mn=5&dy=0&id=p85486772433&a=248902915&listNum=1
Are charts unreliable and risky? No! Absolutely not. Charts reflect the truth about the price and volume activity relevant to that stock. However, the charts are subject to interpretation and so any given analyst's opinion of a chart is only going to be as accurate and his or her education, experience and intuition allow. But then so is the news. No one investor perceives the news quite the same way either. A great deal depends upon what else they know relative to the news regarding that stock. Good news in not always perceived as good news and vice versa. If you have a solid background in technical analysis and have done extensive back testing on the stocks you are trading then, your chart analysis of the stocks you trade is most likely very accurate. But, you can almost never say that about the news because you don't know what has been left out. You don't know what has been inflated to build investor confidence either. That's why I trust the charts to get it right and I totally ignore the news.
Be careful what you chose to believe. It does have an impact on your bottom line!
ENTB - A market bottom appears to be in now and you should be able to buy this one below $0.01/share during the current consolidation for an opportunity to double or triple your money on an initial swing back up. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76691221
Daily Chart Analysis - As expected the market has met with resistance but, in my opinion, we do have a market bottom now and prices should consolidate here and then make another move up. I would look for support in the area of the 20 day EMA and following that support (if it comes) we could see a rise to approximately the target price shown on the chart in the vicinity of the 200 day MA. http://stockcharts.com/h-sc/ui?s=ENTB&p=D&b=5&g=0&id=p45068287272&a=269546912&listNum=1 It would be natural for the price to balk on a first test of the 200 day MA but, a second or third test should prove to be a winner and once support is established above the 200 day MA, the sky is the limit for the price and we should see an established uptrend form where support will be maintained along the 20 day EMA. Anything is possible however so, you need to be ready to improvise adapt and take profits if signs should point to a continuation of the established downtrend anywhere along the way. Watch for significant volume at support and aggressive buying that will push to the market to higher highs and higher lows. Failing that, remember that you can NEVER go wrong taking a profit should uncertainty set in at key resistance points such as the 200 day MA and you can always buy back in when conditions look more favorable.
I'm only here for short periods during the day.
On April 6th, 2012 more than 20 million shares of PHAR changed hands. Why? Someone or several someones wanted to buy shares and they bought so aggressively that it drove the price up to close at it's high for the day. So, I'm not seeing those forever doldrums you are eluding to. I'm seeing accumulation and I'm seeing support for the price. I'm also seeing resistance that could easily be overcome with a concentrated buying effort. So, exercise patience. When the price is right it's being gobbled up. The buyers are being selective about the price they pay.
It doesn't make a difference. The financial chat community is extremely small. Why is that? Because the people who know are too busy making money to chat. Those who don't know read iHub posts hoping to learn something and never realizing it's like the blind leading the blind here. Do your own research. Learn technical analysis. Make your own decisions. Even the investment advisers who are busy selling their advise aren't any good at analyzing stocks. But, you can be if you take the time to learn how to do it.
IF you really want to know the truth about the news! Then take any 2-year price chart and plot the news release dates on that chart and then simply observe how the news really affects the price of that stock. Will you do that? I doubt it! Why? Because you don't really want to know the truth.
The problem is that there is no way to measure the result of the emotions driving a stock. So, you look at the chart which reflects the true result of all that emotion. IF I don't take a trade that is recommended, it's because I already have another one which in my opinion promises to do better. Watch lost of companies. Make only the best high probability trades. Keep your emotions out if it.
Most PR on companies is just what they want to to believe and not necessarily the whole truth. That's why I almost never read the news about a company. I do pay attention to the financials and fundamental data on a company. In general those figure do not lie and are not easily fabricated. But, in all cases the chart will reflect what the market sentiment of the majority of investors is at any point in time in terms of price and volume activity. Everything I state is my opinion. That's a given! No one is 100% on anything but, I have been 100% on many of the stocks I trade in terms of profiting vs loss and that is what is really important. My most important message is that technical analysis is the best friend you can have when investing in any stock and if you don't take to the time to study it, you are not preparing adequately and will continue to be at risk on every trade. Due to technical analysis, I can now say with confidence that I never put my money in a stock unless I'm certain there is a very high probability of success on that trade. All investors to feel that way about their investments and any do but, the real proof is in your own bottom line. If it's in the red then perhaps you need don't know as much as you need to know to succeed. Technical analysis can change that for the better. Reading and believing the news will not.
FYI - Possibility of a Bull Flag formation now on the Daily Price chart. This could be an indication of a sharp rally up. The OB/OS indices are giving neutral readings so, the can can go up or down for a while without becoming Overbought or Oversold. The safe way to play this if you are out of the market is to buy a breakout at the top of the flag. Since you are already long you just hold but consider adding to your position on a breakout at the top of the flag. http://stockcharts.com/h-sc/ui?s=PIP&p=D&yr=0&mn=6&dy=0&id=p20841928803&a=257477249&listNum=1
There are lots of FALSE bull flag formations. So, this analysis is not conclusive but, I wanted to bring it to your attention. It's so much easier to analyze the chart than it is to try and figure out what the aftermath of the court case really means and how the majority of investors are actually going to perceive it. After looking at the chart, it appears that the buyers have been effectively countering the short sellers and the shorts could get caught in a squeeze and an explosive move up will occur. But, that's not conclusive until it happens but, it is very possible now from what I am seeing on the chart.
I'm confident that price will continue to go up for now. If the price meets with firm resistance at the top of the Triangle which appears to be forming here then, you can measure the distance from the top of the triangle to the base of the triangle and project that distance down below the base of the triangle and that would give you are pretty good target price for the next big move down. Be careful though. Never assume what the market is going to actually do. It will surprise you most of the time. So, I prefer to let the market tell me when it is overbought and oversold and I dislike attempting to second guess it. For instance, what if the price appears to meet firm resistance at the top of the triangle and then makes a normal Fibonacci correction and rallies back up and breaks out of the top of the triangle? Is that possible? Of course! Anything is possible! So, you need to continue to analyze it everyday and see what's happening now. Savvy? I love this business! There is never a dull moment! When one stock slides into the doldrums, unlike sailing where you are stuck on one ship, in the stock market you can always switch to another ship in different waters with greater wind potential. It's just healthy investing. Never get married to one stock and be quick to abandon any stock when it ceases to look like the best investment on your watch list.
And ... that's just another reason why the price should go up for a while before the bears regain the confidence to jump back in.
GSX - Once again, this one looks like an opportunity to double your money quickly. I expect to see the price rally from around $0.20 to $0.40 over the next several weeks. Just my opinion of course but, I've done will trading the recent swings on this one.
http://stockcharts.com/h-sc/ui?s=GSX&p=W&b=5&g=0&id=p69135074318&a=262352396&listNum=2
I said "possible" triple bottom and at the moment, that is what it looks like on the hourly price chart ... http://stockcharts.com/h-sc/ui?s=BPAX&p=60&yr=0&mn=1&dy=0&id=p54619140210&a=251873654&listNum=1
There is also a good possibility that a large descending triangle is forming (see top trend line) to counter the triple bottom but, for the time being, the price should go up perhaps to the downtrend line which would also become the top of the descending triangle if it does complete it's formation.
There are always buyers and sellers and they change their minds often and at any given moment in time the bulls or the bears can win the day. To understand the broader price moves, you need to stand back and observe what is going on on the weekly, daily, hourly and 15-minutes charts and then make your decision as to what side of the market you want to be on today. That is why I believe it is imperative that each and every one of you learn technical analysis. Your competition, the other traders in this same market place you are trading in do know it and that gives them an advantage over you. I for one, never like trading at a disadvantage!
In my opinion, it is not wise to hold any stock for the long term any longer. Especially this year. I've been a swing trader for many years now and switching from being a position trader to a swing trader has made a huge difference in my bottom line. I can't recommend position trading as an investment strategy today. If you chose to continue that strategy, then in my opinion, most of your investments will lose money. A few (of course) will succeed but, even with those investments you would have made more money in the log run by swing trading them than by holding them through the swings.
You were hinting for a technical opinion. If you look at any daily price chart for RGR, it's obvious that market momentum recently drove the price though what should have been firm support at the 200 day MA. However, recently there is evidence that support is there above the $34 level and in my opinion, since the market is very oversold now we should see a brief rally above the 200 day MA to establish support there. Following that, there should be a continued move up but, if a subsequent move up does not reach new high price territory then, taking profits at resistance and waiting for further developments at that point would seem the prudent thing to do. It is also possible that support will not hold at the 200 day MA in which case we could see lower prices still. For now, support seems evident at current prices and as long as the market moves up and finds support at or above the 200 day MA then, the Status is QUO for the Bulls.
$6.00 is not very likely or realistic. What is more likley to happen is that a rally will be halted somewhere in the $3.10 to $3.20 area. Perhaps even lower.
That's right! Both post are perfectly valid. The markets are dynamic and you need to be able to improvise adapt and over come to profit in this environment. That is why I favor swing trading and not position trading.
So, you think that the AF (Air Force) is going to do a follow up story, right? Are you in the same conversation here?
So, I guess that means that you are unable to provide the details I inquired about regarding your last post. Why does that not surprise me?
Triple Bottom Possible now on the Daily Price Chart. They are rare but, this one does look probable. The market is entering Oversold Territory and the volatility is good. If we get good volume support this could probe to be a significant turning point but, of course anything can happen. http://stockcharts.com/h-sc/ui?s=BPAX&p=D&yr=0&mn=4&dy=10&id=p50630393621&a=251790230&listNum=1
Anything can happen. What we have here now is like the calm before the storm. What I see on the chart from the volume that is there is mostly accumulation. There is a moving average convergence among the short-term moving averages and even through the primary trend is down and there will be a tendency for the price to continue in that direction, at the recent bottom, there was significant volume in support of those lower prices. With RSI entering oversold territory now, in my opinion, the next price move will most likely be up and there is a good bet that if any short sellers are caught in a break of the downtrend that the move up could be explosive for a while. Just my opinion. Of course if the price does not find support here now, and the lack of volume continues, then we could see a test of previous lows before we get a serious attempt at a rally. http://stockcharts.com/h-sc/ui?s=PHAR&p=D&yr=0&mn=5&dy=0&id=p85486772433&a=248902915&listNum=1
So, you see a direct correlation between the gold market and the Pharmaceutical industry? Would you be so kind as to explain that is great detail? We're all ears.