is ... YES - Another Profitable Day!
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Good question! Wilder's OBV, in my opinion never has worked very well in my own research. I do not understand how he could have thought that his calculations would be valid. So, I have found it of little value. Williams Accumulation/Distribution formula explained in his book the Secret of Selecting Stocks for Immediate and Substantial Gains is an excellent formula but, there needed to be a way to portray it on a chart to graph it's full effect. That was partially done by Mark Chaiken but, unfortunately he destroyed Williams original formula in the process and so, the results of the Chaiken's A/D line are inaccurate. So, I don't use any of them because no one has it right yet. Larry Williams original formula was [[(H-O)+(C-L)]-[(O-L)+(H-C)]/2*H-L]*Volume for the day. That formula makes perfect sense to me and when I use that formula with some of my own enhancements in OmniTrader or Trade Station, it works just fine but, Stockcharts.com does not use the Williams formula in their A/D Line and it would not be as accurate as the one I use anyway so, I can't really show it to you on any of the charts that I post.
Most swing traders are end of day traders that just watch the daily chart and the major swings.
It took 10 years and all you got out of it was a house?
You really need to read this post! http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76903307
Anytime the moving averages are above the current price, that of course indicates a downtrend. On the weekly and daily charts, it's a major trend. On the hourly and 15-minute charts, it's most likely a short-term trend. The microcosm (on the 15-minute and hourly charts) always leads the way when the major trend changes but, the hourly and 15-minute charts also indicate the short-term fluctuations within the major trend. So, you really need to know where you are in the major trend to know how to interpret the hourly and 15-minute charts. I home that helps.
GV Daily Chart Analysis - Let's not forget that this is a VERY STRONG Bull Market! A normal price correction is overdue but, the last time we had a Bearish Divergence, market momentum held the price in a sideways pattern until support was found from the 20 day EMA. It is a normal occurrence for the price to retrace and seek the support of the 200 day MA after crossing it. That did not happen. That is also a strong indication of a STRONG Bull Market. Market momentum may also come into play here and support could be waiting at the 50 or 84 day moving averages. I think that is more probable than a drop all the way to the 200 day MA at this point. Of course anything is possible. In situations like this, I prefer to let the market take me out than try to second guess it. If we were to have a Key Reversal day on high volume or a break in the 20 day EMA support and perhaps a close below $2.00, that might be a reason to take profits. That is a very small double top formation if it does turn out to be one. So, the effect of it will also most likely be short lived. We do have an Overbought market so that long awaited price correction should come now. But, I would have guessed that at the last Bearish Divergence as well and we did not see it then. That previous bearish divergence is a good example of a case where I would have taken profits only to buy back in (maybe at a higher price) when the price rallied off the 20 day MA and went higher. So, patience is the key here. This rally could persist and the double top could morph into something else before we see a price correction. When the market decides to correct, it will be more obvious than a possible double top. Here's the chart: http://stockcharts.com/h-sc/ui?s=GV&p=D&b=5&g=0&id=p27934386463&a=271094593&listNum=2
Clearly you have a GREAT DEAL MORE PATIENCE than I have! So, Good Luck with that!
What's UP with GNOM??? Nothing! In my opinion, there have been and will continue to be MANY Brutal days for this stock! Why? It's a VERY STRONG Bear Market and has been for some time now. A Stock in a downtrend will remain in a downtrend until acted upon by a LARGE Display of VOLUME and price volatility at the Market's Bottom. There is NO market bottom volume to turn this stock around. Not yet! Therefore, the price will most likely continue to follow the major trend! That trend is DOWN. Just my 2-cents! http://stockcharts.com/h-sc/ui?s=GNOM&p=D&b=5&g=0&id=p45068287272&a=271091618&listNum=3
Was not going to happen. There has been a Descending Triangle forming on the Hourly Price chart for some time now. I took profits at the last significant rally and have been waiting for a better price. I expect the price to drop to around the $0.26 to $0.28 range now. That's where I'm looking to buy back in. Technical analysis used correctly can save and make you a great deal of money. You might want to look into it! http://stockcharts.com/h-sc/ui?s=WEST&p=60&yr=0&mn=1&dy=7&id=p87180706040&a=241880892&listNum=3
Obviously the market is NOT buying expectation of revenue on this one!
It looks very weak right now Jim. There are three divergent sell signals on the daily chart.
Anytime! Always glad to help!
Ideally, I like to see the weekly, daily, hourly and 15 minute charts all oversold or overbought. But, that only happens at significant tops and bottoms. So, in the interim, Daily, hourly and 15-minute, or hourly and 15-minute, or on occasion just the 15-minute chart is oversold and the hourly and daily and moving up.
They have no revenue! Therefore ... where did it go?
There is not much on the charts. We had a Bearish Divergence between the price and RSI on the 11th of June. Following that the price fell to $0.03 and found support at the 50 and 84 day MAs just above the 200 day MA. That sounds good. The current rally seems to be having trouble getting aback to $0.19 (approximate previous high) so, we could see a retest of the 50 and 84 day averages. But, right now the market is neutral so the price should continue to follow the major trend which is up. Watch it everyday for clues. If it looks weak, remember that you can't go wrong taking a profit and you can always get back in. I'd like to see a new high above $0.16 as evidence that the trend is going to continue up.
PATIENCE ... It's not quite Oversold you know? http://stockcharts.com/h-sc/ui?s=ENTB&p=D&b=5&g=0&id=p45068287272&a=269546912&listNum=6
I miss more trades than I make too but, that's fine. You can't know about all of them. But, in a case where you have really good signals on a chart like BBDA, I will wait patiently for the next one.
NUSMF is most likely a good buy under $1.00. Timing may not be perfect but, if you like it for a quick swing or even a long term position trade, this is most likely a good place to buy in my opinion. http://stockcharts.com/h-sc/ui?s=NUSMF&p=D&b=5&g=0&id=p45068287272&a=240131451&listNum=6
I usually answer all the questions eventually. But, I don't post every day and only certain times when I'm not busy with other higher priority tasks. Here's a chart on BBDA. I would wait until it hits the targeted support area before buying. http://stockcharts.com/h-sc/ui?s=BBDA&p=D&b=5&g=0&id=p45068287272&a=270838917&listNum=6
No offense but, I'm not getting anything concrete out of your post. It all reads like gibberish to me. I can't tell if you are a buyer or a seller.
Nope! That is definitely an hourly chart and a daily chart. Read the legends and observe the time frame.
I would have to look at it on Monday, Very rarely can I tell what a stock will do until it's ready to do it.
Daily Chart Analysis - http://stockcharts.com/h-sc/ui?s=WPRT&p=D&b=5&g=0&id=p50669121214&a=270880484&listNum=3 - In my opinion, we should see a consolidation followed by a drop in price to at least the Gap.
No, it's already passed the normal Fibonacci range. There should be support now at the 20 day EMA or more likely the 200 day MA. There is a strong tendency for a stock that has recently crossed the 200 day MA to immediately retrace and find support there before going higher. Knowing this, you would have been looking for a key reversal day and significant sell off to take advantage of that short play on Thursday.
GV appears to be a strong bull market at the moment. There is evidence however, that there could be a run up in price followed by a sell off on Monday and/or Tuesday. Not guaranteed of course that would depend upon the buying and selling activity early next week but, it would not surprise me to see a key reversal day on one of those two days (most likely Tuesday if it happens at all). There should be a tendency for a significant price correction that will drop to the 200 day MA filling the gap left between $0.70 and $0.90 and to test support there. That would be normal for a stock that has recently crossed the 200 day MA and did not immediately retrace and find support there before heading higher. If not early in the week, then we may see the start of a price correction perhaps on Thursday or Friday. Just my 2-cents.
No, I really wasn't paying attention. If yo look at the 5-minute charts for the 28th and 29th. It looks like there was short selling for a day trade on the 28th and short covering and new long positions entered into at the close. On the 29th, it looked like the new long positions from the 28th were dumped at the close on the 29th and there would have been some short selling at the close. If the price goes lower on Monday and you see volume at the close again, it would be short covering. Sometimes the market makers need to get out of naked shorts to close there books for the day. Normal floor trading stuff.
RE: BBDA - That one would have been a great short play last week. The price had run up from below $0.0003 to $0.0018 (huge move) and then the following day (Wednesday) it ran from $0.0018 to $0.0035 on huge volume. That is a clear indication of profit taking and distribution. There was also a nice candle shadow indicating that the price was having trouble holding those highs. The next day (Thursday), you could have sold it around $0.0028 to $0.0030 when it was obvious that the highs were being sold off again and bought it back the next day at $0.0014 and doubled your money in a day! If you're a risk taker you might look to sell any rally on Monday but the obvious play was on Thursday of last week. That one was just screaming "sell me" with an Extremely Overbought RSI and bearish divergences in the ULT, Stochastics and %R. The result on Thursday was a Key Reversal day. Now had you sold on Thursday and took profits Friday, you would be in a great position to sell it again with the profits from that trade and hold that position a while as a FREE short trade until the market becomes oversold or you see a safer trade to put that money into and decide to close it out. I love this business! When you know what to look for, it is sooooooooooooooooooo easy to make money! Like that Michael Douglas line in movie A Perfect Murder, "I can always make money." (meaning in the stock market) "There's a whole sea of it out there".
You might be right! ICPA certainly does not have any strong fundamental data to keep the price up at this point. But, technically, we might get a decent rise out if it now. Or, not.
Yup! Kinda fun isn't it? The more confidence you gain in Technical analysis by seeing this situations like that work over and over and over again, the greater will be your bottom line and before you realize it, you will be able to pick the one or two trades out of 20 that are virtually guaranteed to make you money. IT will be easy and not take very much time to do, and you'll wonder why you ever invested any other way in the past! I love this business!
Any time! Glad I could help!
Actually the market has entered Oversold territory and there is a very good chance that we will see a rise in price now following a period of consolidation. If the price should fail to find firm support here however, then the price could drop all the way to the Breakaway Gap at around the $0.0038 mark. Just my opinion. http://stockcharts.com/h-sc/ui?s=ICPA&p=D&yr=0&mn=6&dy=0&id=p52677956735&a=257286122&listNum=6
Thank you Rose, I appreciate the kind words.
Not much to tell here. The marekt appeared to be making a normal price correction and found support at the 84 candle EMA and but, then it met with resistance at the 50 candle MA and subsequently broke support at the 84 candle EMA which is now seen as resistance. In my opinion, the price wants to go lower. I would look for support in the vicinity of the 50 day MA on the daily chart. We still have a very probable cup and handle pattern forming there.
Hourly Chart - http://stockcharts.com/h-sc/ui?s=ENTB&p=60&yr=0&mn=1&dy=0&id=p06026230039&a=270426376&listNum=6
Daily Chart - http://stockcharts.com/h-sc/ui?s=ENTB&p=D&b=5&g=0&id=p45068287272&a=269546912&listNum=6
I seldom look at SEC filings. I just find a stock that is in an uptrend and trade it. Or, I find a stock in a downtrend that had a lot of volume recently and seems to be finding support. I'm considering trading the short side of the market for some stocks. I rarely do that because it can be rather risky. But, I have seem a lot of situations lately where trading the short side when you have an obvious top formation can actually make more money more quickly than trading long. But, there is no room for mistakes when you are trading short so you have to be sure you know what you are doing.
There are a lot of things that I look for. Not time to go into it right now. It can be a high volume day like yesterday followed by a rise in price the following day or any combination of other factors that indicate that buyers are determined to have it in the current price range.
Not yet. Maybe today, maybe not. In this case, I'd like to see what it does in the pre-market and shortly after the opening before I decide. The 15-minute chart offers the possibility of a divergent buy signal. I'd like to see that confirmed. If the opening is weak, and previous support is broken, I might wait and if previous support is confirmed, I'll probably take a small position. If the market behaves as expected, then I would venture into increasing that position. I usually enter the market in 5 stages. That way if it drops I can cost average down assuming it still looks like a buy or if it goes up after I'm in then I can add more with confidence that it's doing what I expected.
It's not always volume. High volume is required for a tops or bottoms but for a normal price correction, consistent volume accompanied by multiple days of buying in the same narrow price range especially at a previous support/resistance point or significant moving average. I consider that that adequate support. But, the real proof is a subsequent rise in price. You can also watch the OB/OS indices and the MACD for crossing points and Oversold readings to assist in indicating support but, that is not required it just helps in the decision making process.
It might be a good idea for you to use Ben Franklin's decision making process when deciding whether or not to buy at any given time. It's also great for deciding which of several stocks to buy. If you are not familiar with it, what Ben actually did when faced with a tough decision was to take a blank sheet of paper and fold it in half lengthwise. Then he would would open it up and write For (in out case buy now) at the top of the left column and Against (wait) at the top of the right column. Then he would write down all the reasons why (in our case that it would be a good idea to buy now) in the for column and all the reasons why it would be a good idea to wait in the against column. It really puts things into perspective. Which ever column has the most reasons to take action is cause for deciding in that direction.
Glad I could help!
Thanks! I appreciate the comment! I'm doing Great!
I think he has been reading the charts upside down. He's the one losing the money here, not me!
How about today?