is ... YES - Another Profitable Day!
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Are you assuming that there will never ever be another surge in the volume???
Based on what we have seen so far price wise, the majority of traders and investors doubt when or if those revs will ever become a reality.
Only aggressive buying and selling moves the price of a stock. The news has little to do with it.
That's exactly right! You want proof? try this exercise! http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76510340
This has not been the best trade on my watch list. I don't get married to one stock. I trade where I believe I will make the largest profit in the shortest amount of time.
If you really want to know the truth about the news relative to ICPA or any other stock for that matter. Take a two year daily chart and plot on that chart all the dates of news releases over that two year period. Then take a serious look at how the news actually does appear to affect the price. My guess is you won't do that because you don't really want to know the truth.
Not as far as you might think but, it is a downtrend so the tendency will be to keep going down until acted upon by an outside force.
All I do is tell you what I see on the charts John. The charts almost always accurately reflects what the market is actually doing.
You must all make your own decisions. My point is that you will make better decisions if you the time to learn technical analysis in stead of waiting around for the news.
It's beginning to look like you might see a rise in price soon but, the target has changed. It's still the 84 day EMA but, that average is currently at $0.0018. So, if we can get a close above that point, we could see an uptrend form here now.
http://stockcharts.com/h-sc/ui?s=PHAR&p=D&yr=0&mn=5&dy=0&id=p85486772433&a=248902915&listNum=1
I have no idea. You need to check with NASDAQ on that one. It appears to be different from stock to stock from my observations. That is to say that some stocks appear to make special arrangements with NASDAQ on that point.
GOOD Catch! No, actually I meant $4.00. It needs to close above the 84 day EMA. I apparently got BPAX confused with another stock that is behaving about the same way. http://stockcharts.com/h-sc/ui?s=BPAX&p=D&yr=0&mn=4&dy=10&id=p22591710667&a=251790230&listNum=1
Generally I pull down between $500 and $10,000 on a trade and I already have a vacation home on the beach that also provides rental income when I'm not using it. In my opinion, holding for the long term is way too speculative but, taking profits quickly when you have them is the only way to win consistently in the stock market.
Hourly Chart Analysis - With Oversold conditions now, there appears to be support for the price as seen on the Hourly and 15-minute charts at the trendline breakout point which is also the 200 hour MA on the hourly chart. Therefore, it is very likely that we could see higher prices in a late rally today or sometime tomorrow. In my opinion, it's worth a speculative buy here for a swing back up but, I have no data that would provide a target price so, the chart will identify a jumping off point later on if it does rally now.
http://stockcharts.com/h-sc/ui?s=ICPA&p=60&yr=0&mn=1&dy=0&id=p85297507778&a=255878617&listNum=1
Intraday Technical UPDATE - There is evidence now on the 15-minute chat that support is attempting to hold at current price levels. Therefore, it is possible to see a last day rally or at least higher prices tomorrow. Remember that we need a close above $1.44 to have a real shot at higher prices and a new uptrend. If resistance proves stronger at the 84 day EMA then this attempt to rally may just be another bounce in a bear market.
http://stockcharts.com/h-sc/ui?s=BPAX&p=15&yr=0&mn=0&dy=8&id=p54686042705&a=267860464&listNum=1
Technical Analysis works on ALL Stocks in ALL Markets. There are no exceptions! Only low volume inactive stocks are hard to analyze but, that in itself is evidence that you should not be trading those markets.
The price continues to climb! If the price closes above the 10 day EMA today, there will most likely be a further run to around $1.70 and eventually $2.00. By then, I would expect to see some kind of price correction prior to going higher if it should continue to go up. http://stockcharts.com/h-sc/ui?s=NUSMF&p=D&b=5&g=0&id=p45068287272&a=240131451&listNum=1
Support should be at $1.30 if the price does not close over $1.44 today. In that case, we could still see a higher close there tomorrow even if today's price closes lower.
Daily Chart Analysis - Critical day for BPAX because the price has completed a retracement and in now in an area where it should find support and increased volume if it is going to establish an uptrend. In spite of a lack of volume so far, we should still have a bottom here is the price can support now and subsequently rally above $4.00/share and find support there. If support fails over the next few days, the stock price will most likely drift lower to previous support. http://stockcharts.com/h-sc/ui?s=BPAX&p=D&yr=0&mn=4&dy=10&id=p22591710667&a=251790230&listNum=1
The news is totally irrelevant! The chart will show you in advance of the news (in most cases) which way the price will go. When the the news jumps out there you are already in the correct position to take advantage of it. Very often the surprises the naive investor who buys into it while the chartists are selling and then quite often the price turns around and goes lower. In cases where the news appears to drive the price higher and actually and keep it there, waiting for the news is always a mistake because the chart will tell you well in advance of the news that the price is going to go up. Hence the saying "buy the rumor, sell the news". Regarding the possible double top on ICPA, a trading range appears to be the only other possible pattern. The bottom of the pattern is flat and not rounded like a cup and handle would be and there is no incline in the lows to form an ascending triangle so the only other option is a trading range.
I thought you were talking about a more recent gap but, I didn't see a recent breakaway gap anywhere.
Ok, you are referring to the Breakaway Gap that I have marked on this chart, right? What is your point concerning it then? http://stockcharts.com/h-sc/ui?s=ICPA&p=D&yr=0&mn=6&dy=0&id=p52677956735&a=257286122&listNum=1
Patience! I never put a time frame on that move.
Thank you for the kind comments. They are appreciated.
I prefer not to know why a stock is going up or down. It tends to cloud my judgement and I start seeing reasons to buy or sell it that are not really there. When I trade purely from a technical point of view, I make fewer mistakes. Also, I almost never trade a stock that is selling at $32/share. I would much prefer to trade 5 $3.00/share stocks. Why? A $3.00 can go to $6.00 rather quickly. But it can take years for a $32.00 to double in price. Just my preference.
Any double top formation can morph into a trading range but, that is a rarity. Did you have something else in mine?
Oh that's just great! Now you're mad and swearing at me because my analysis does not agree with your hopes for the stock. Very grown up of you. http://stockcharts.com/h-sc/ui?s=PIP&p=D&yr=0&mn=6&dy=0&id=p50378952056&a=257477249&listNum=1
What time frame chart are you looking at?
High volume and high volatility and perhaps some sign of a market bottom price formation. The volume and price ranges have been too consistent except for volume spikes back in April and the result of that volume was sharply lower prices. It will take higher than normal volume usually accompanied by wide price ranges and normally that results in a 1-2-3 or V or other type of price formation that will signal a bottom. You would also see bullish divergences between the price and at least one of the OB/OS oscillators as well. The chart right now just looks like business as usual for a bear market which coming off of sever oversold conditions is experiencing a normal price correction. Then, lower prices will then most likely continue.
Even though it seems that could be the case, the charts are displaying characteristics of a bull market and showing accumulation rather than distribution. Someone (or more than one) has been selling PHAR in the $0.0009 to $0.0010 range but, the bulls actually seem to be more aggressive and only buying volume seems to be keeping this stock from rallying here. This is a case where sellers could be caught short on any interesting news and the price could go straight up for a while because of it. Of course if not enough buyers show up, the price will continue to go in the path of least resistance which according to the trend is down.
No, not very easily at all. In my opinion it will go much lower now. Right now the price has several historically strong resistance points standing between the current price and $0.002. First, there are the 10, 20, 50, and 84 day moving averages and very soon the 200 day moving average currently around $0.0023 will fall below $0.002 as well. The charts favor a drop to previous support at $0.0005 instead and if that support does not hold, the price will plummet to $0.0001 and most likely stay there unless there are new developments with the company.
Means nothing until the money is in the bank account and is showing a profit on the bottom line.
It's called a BULL Trap and a double top and the news comes out at the tops so that naive investors will buy allowing shrewd smart investors to take profits at high prices. When the price drops low enough an the stock becomes undervalued, there could be some bad news to get those same naive investors to sell their stock at low prices so the smart money investors can buy back in a undervalued prices. OF course, you never see that without a chart.
So, did the price go up or down? I took the day off.
But, what direction is the market moving in now? I might suggest to you that had you sold ICPA recently around $0.05, you could be sitting on a very nice profit right now. When it stops going down, you could consider buying it back.
Not a breakaway gap in fact there is NO gap that spans from $0.008 to $0.012 as you suggest so, I'm wondering if you are talking about ICPA or another stock.
It just looks like a strong bear market with no signs of a market bottom. In my opinion the recent rally was a bounce and it will most likely continue to trend lower.
Well, as you know, I don't trade on the news. I'm in a very nice profit right now following my own technical analysis of the situation. I stayed away from it a year ago when it began to look weak technically and now that it's bottomed out (at least temporarily) I'm in with a profit for now. If it starts to look shaky, I'll capture that profit and I'll be just fine in spite of what the news is. Don't forget that the the Solwara 1 Project is NOT the only possible source of revenue for NUSMF. The price of the stock as fallen considerably and it just may be extremely undervalued right now regardless of what Papua New Guinea does or does not do. I can tell you that there was a lot of aggressive buying recently some of which could have been short covering but, I saw a way to profit from it and so far I have.
I totally disagree with your assessment. I see no market bottom formation and no market bottom volume. What I do see is a strong trending bear market.
In a strong bull market, you can usually buy all dips to the 20 day moving average on the daily chart and be right as long as it remains in an uptrend and shows no signs of topping.
Look, you apparently bought into a Bear market on the hope it would turn around and now you are stuck in it. So, don't try to blame it on me. The price of PIP is continuing to go down and there is NO SIGN of a market bottom here! So, who's wrong? I'm not the one who is losing money on this stock.