is ... YES - Another Profitable Day!
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Don't knock the chart until you learn to understand them. Huge Mistake!
Yes, it is possible that the price will test the 50 day MA but, it did receive good support today and the hourly charts are oversold now so, support should come soon and it could be pretty much where it is and the 50 day average will rise to the occasion so to speak. That is if the price consolidates where it is, the 50 day MA will eventually meet it. I would wait a day or two for confirmation but, it looks like we are getting support and the market should rally now following support and consolidation.
The best one to start with would be John Murphy's book titled Technical Analysis of the Financial Markets. It would be good to try to find a copy of Larry Williams book titled The Secret of Selecting Stocks for Immediate and Substantial Gains (I believe Amazon.com has it). They will get you started and give you a foundation. There are a lot of good books out there but, I suggest to get a foundation and then buy what looks like it will give you new information to build on. That's what I have done.
Well, the bad news is that it could go lower but, we did see some initial support at $0.0125 so, if the market does find support here or at least above the 200 day MA, then we could see a rally back now but, don't count on it because with a double top in place we may not find firm support for a while if there proves to be no support at the 200 day MA. The OB/OS oscillators have reached Oversold territory so, the odds are good that there will be enough support to drive the price back up now for a while. I'm going to to try to buy some here for a short term swing. It's a good bet that the 200 day moving average (give or take 0.005 will prove to be the low for this move. In my opinion, it's a low risk trade.
What exactly has failed? The price is moving in the direction I have been saying it would move in. So, just because it has not reached my target price yet is that a failure? I NEVER said how long it would take to get there. In my opinion, it's not possible to predict a time frame in the markets because market momentum itself is too unpredictable. So, I'm confused about your point! Please rephrase and clarify your meaning.
Parris, every good market technician knows that the result of fundamental analysis (all the buying and selling that takes places as a result of it) is accurately reflected on the price charts in terms of price and volume activity. Therefore the true picture of the majority perspective of the fundamentals is already on the charts. So, the technician figures ... "why should I risk attempting to analyze the fundamentals knowing full well that I'm not privy to much of the information that smart money investors have to base their fundamental decisions on when all I really need to do is follow in the footsteps of their buying and selling decisions that are already available to me through my own technical analysis capabilities?" The charts do not lie! All the buying and selling activity is recorded accurately by the exchange. That activity results in the chart formations and indicator readings that you see on the charts. So, a savvy market technician will always be able to tell you what side of the market the majority of the fundamentalists are limning up on. It's just that simple! Technical analysis today is really more of a science than an art form. But, to most technicians, an accurate evaluation of all that fundamental data and information is more akin to being a psychic phenomenon than either and art form or science project.
VERY GOOD QUESTION ... on the daily chart http://stockcharts.com/h-sc/ui?s=WEST&p=D&yr=0&mn=7&dy=0&id=p08020426942&a=240661626&listNum=3 you can see that it just looks like a bull flag forming or perhaps a normal Fibonacci correction to around $0.29. But, the hourly chart (the microcosm) shows us the Descending Triangle and provides us with a Target Price all the way down to $0.265. So, that is a much clearer picture. The 15-minute chart (also the microcosm) confirms what we see on the hourly chart. http://stockcharts.com/h-sc/ui?s=WEST&p=15&yr=0&mn=0&dy=8&id=p76192684133&a=242423769&listNum=3 We could see a break in the base of the triangle and then a return to the base and then a drop to the target price. That would also be normal.
Anytime. Glad to help if I can.
I have not changed my opinion since June 19th. It's most likely going to $0.0125. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76753046 There is a very good chance that you will see an attempt for the price to rally to around $0.03 now. I doubt if it will go any higher than that and then it should turn around and continue on lower. Here is a recent chart: http://stockcharts.com/h-sc/ui?s=ICPA&p=D&yr=0&mn=6&dy=0&id=p52677956735&a=257286122&listNum=6
You were wondering about GBGM - interesting alright! Could be a good buy for a short term swing up. Check it out! http://stockcharts.com/h-sc/ui?s=GBGM&p=D&yr=0&mn=6&dy=0&id=p93331438762&a=270574696&listNum=6
You are missing the point about technical analysis. The chart does not cause the price to go up or down but it will almost always tell you with deadly accuracy where the price is headed. The chart does not know why the price is going up or down but, it does know the direction because the markets turn slowly and the previous buying/selling activity is the cause of the price direction and that direction is always reflected on the charts. The reason for the drop in price is totally irrelevant because if you know the direction of the price then the "why" really does not matter at all, does it? It will pay you to investigate technical analysis. I would never trade without it!
WEST - 60-minute Chart Analysis - There appears to be a Descending Triangle now on the hourly chart that is signally a drop in price to around $.265. There is another good technical reason for this drop and that would be to test support at the 200 candle MA after having crossing it. That is a normal thing to have happen. I fully expect to see WEST continue up to around $1.00 to $1.50 but, along the way there will always be price corrections that allow us to buy more shares or swing trade it and so, I just cancelled a buy order at $0.32 because I believe it is possible for a deeper drop in price. http://stockcharts.com/h-sc/ui?s=WEST&p=60&yr=0&mn=1&dy=7&id=p51038470759&a=241880892&listNum=3
SUMR Daily Chart analysis - This is a strong Bear market but the chart is interesting because it clearly shows how you can make money (as a technical swing trader) even when the price is falling. You can see a very clear Bearish Divergence that would have allowed you to take profits at $6.00 and/or go short. There was also a very clear Bullish Divergence to signal you to buy it back around $2.75. I don't expect to see too much from the current rally because of the huge gap. In my opinion, this is a short covering rally that will not likely get above the 50 or 84 day moving averages. It's not a market bottom. But, it's a great swing trade if you bought it below $3.00. Just my 2-cents! http://stockcharts.com/h-sc/ui?s=SUMR&p=D&yr=0&mn=6&dy=0&id=p73501184698&a=270569525&listNum=3
I like the possibility of $0.0125 right now but, I won't buy back in until the OB/OS indices are giving Oversold readings. That could be higher or lower than my target.
The more opinions you consider, the less likely you are to make a good one yourself. I only follow the charts with an occasional glance at something from someone who has a great track record. It works! ICPA Broke support today at the 84 day EMA. It's very likely now that we will see $0.0125.
ICPA Broke support at the 84 day EMA today. That in an indication that it's gong lower. Technical analysis will save and make you a lot of money. You should learn about it.
For the best price to enter, I always watch the hourly and 15-minutes charts and when their both reading oversold at a time when the market is establishing support in the vicinity of the 20 and/or 50 day MA, that is usually a good price. So, that would give you a range of between $0.0008 and $0.014. But, you would be better off waiting for the intraday charts to signal that for you. Looking at the currently hourly chart for ENTB, it does appear that yesterday's price of $0.012 seems ideal because there appears to be good support for the price at the 84 candle EMA on the hourly chart. I probably would have bought yesterday but, I'm trading elsewhere at the moment. It is possible that the price will still go lower to around $0.01 before it goes higher but, it's also possible that it has already seen an interim bottom for now.
http://stockcharts.com/h-sc/ui?s=ENTB&p=60&yr=0&mn=1&dy=0&id=p06026230039&a=270426376&listNum=1
Anytime. Glad to help if I can.
ECDC - No change in my opinion. It's still a bear market. There are many better stocks to trade. http://stockcharts.com/h-sc/ui?s=ECDC&p=D&b=5&g=0&id=p36067638288&a=265596168&listNum=1
Anytime you have choice about being right or being kind, you should always choose kind! Investing is not about being right, it's about making money. When you can make money even if you are wrong, then you are doing it correctly.
If ICPA were a beast, there would be a strong established uptrend and there is not one at this time.
You are never required to read my posts. A lot of technical traders however do appreciate hearing my views and comparing them with there own. The most successful investors ALWAYS use charts in their analysis.
WEST - the market is becoming Overbought now so I expect to see a price correction bu momentum could still carry the price to $0.55 or $0.60 before a correction takes place. A normal Fibonacci correction would be expected here when it comes.
http://stockcharts.com/h-sc/ui?s=WEST&p=D&yr=0&mn=7&dy=0&id=p08020426942&a=240661626&listNum=3
Sorry about the late response. I really don't come here to chat. I'm generally too busy during the day to chat and in the summer, my afternoons and evenings are taken up with little league baseball and music. FREE Shares are GREAT! They are the only shares I ever hang on to for the long term. Even then I prefer to swing trade with those shares but at greater intervals following the daily chart swings. In my opinion, if the shares are not FREE, you are taking too beg a risk to hold onto shares through deep market swings. You might want to read this post: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76903307 I explain in detail why I swing trade and the enormous difference it can make in your bottom line.
On a price correction, you won't always see a volume increase at support. Market tops and bottoms require high volume but trend continuation swings do not. In most cases however, at least one of the OB/OS oscillators will dip to oversold on either the hourly or 15-minute chart (both charts is better, the more OB/OS oscillators oversold the better the signal). I also like to see support either at a normal Fibonacci correction point or the 20, 50, or 84 day MA. A very deep correction might go to the 200 day MA. These comments are not specific to ENTB but just general comments on charting.
Daily Chart Analysis - Very possible market bottom here. Good rally off the bottom on high volume accompanied by a Bullish Divergence between the Price and Stochastics. The market is not yet Overbought so we could see higher prices still from this rally or perhaps following a very brief price correction. Just my 2-cents
http://stockcharts.com/h-sc/ui?s=HPCS&p=D&b=5&g=0&id=p63756998675&a=270413609&listNum=5
Exactly where the price correction will end up is something that I let the market decide. When support appears to be in, I'll pick a place to buy using the hourly and 15-minute charts as a guide. When the Stochastics on the hourly chart (as well as other OB/OS indices) are giving oversold readings and there are indications of support seen in the 15-minute candles then I look for the most optimum place to buy. Sometimes only one or the other chart gives buy indications but the best buy signals are seen simultaneously on the daily, hourly, and 15-minute charts.
Was??? So, you've already taken profits? That's good! I have a much greater than 40% overall profit in ICPA but, that 40% mentioned was the 40% that a lot of people lost out on capturing by not taking profits when it was at $0.05 and looking very top heavy.
I believe we will see a further price correction here and if the price drops to a level that gets obvious attention from the bulls, then I would consider buying it at that time. It's also entirely possible that we've already seen the high price for the year. In either case, I'll let the charts guide my decision. Right now, they favor staying out of this one.
That's best! But, I never ignore a website with a published track record. I take their opinion into consideration and add it into my analysis.
Obviously you do not understand double tops and bearish divergences. That is one of the reasons why you should be educating yourself in the art of technical analysis. When it comes to facts and obvious market behavior, the price failed to make a new high on a second attempt to rally following a normal price correction. The volume has been lack luster. If support fails now at the 50 and 84 day moving averages, the next support seen for the price is at $0.0125. Why argue and try to tell me I'm wrong? Why not just wait and see what happens. A strong bull market would have made new highs by now. Obviously that is not the case here.
http://stockcharts.com/h-sc/ui?s=ICPA&p=D&yr=0&mn=6&dy=0&id=p52677956735&a=257286122&listNum=6
ENTB - Daily Chart Analysis - It appears that a market bottom is in and a cup and handle formation seems to be forming on the daily chart. The depth of a price correction in situations like this can vary so you'll want to watch the OB/OS indices (RSI ULT Stochastics, %R, etc.) for indications of the market becoming oversold. You will also want to keep an eye on the MACD for signs of Bullish tension where the histogram is moving up and the MACD indicator line is still moving down. At that time when support appears to be firm, you could consider adding to long positions or entering or reentering the market on the long side. Just my 2-cents. Here's the chart: http://stockcharts.com/h-sc/ui?s=ENTB&p=D&b=5&g=0&id=p45068287272&a=269546912&listNum=1
I hope you are not suggesting that you see your role here as the loser so someone else can become millionaire. Everyone has the opportunity to make a great deal of money in the stock market. The difference between those who do and those who do not is that those who do become millionaires first took the time to learn what was required to become a successful investor and they put that knowledge into action and they improvised and adapted and overcame the odds and they never, ever quit trying to learn and improve and one day they simply realized that they had achieved their goal. Those who do not make it simply gave up somewhere along the way. William James, often referred to as the father of American Psychology, once said that "if a man will only do each day as best he can the work that lies before him, he will then awake one day to find himself among the competent ones of his generation." Henry David Thoreau put it this way: "We have only to move confidently in the direction of our dreams and live the life that we have imagined to meet with a success unexpected in common hours." And the greatest philosopher of all time ... Yoda, said this ... 'You either do or you do not. There is no try." No one gets rich reading the news and buying and holding on to one stock. If you know that investing is a zero sum game and that for every winner there is a loser, then decide to become a winner, learn what winners do to succeed and move confidently in that direction. Just don't ever quit!
When will you people learn? News does not drive the price of a stock. Only aggressive buying and selling moves the price. News is ONLY information. How that information is perceived by the majority of investors may have some influence on how aggressive they become but, in most cases, those smart money investors are not buying because of the news. They were already stock holders long before the news hit the street. They see the current run up in price as a reason to take profits not to buy more shares. Smart money does not buy at the top of the market. At the top of the market they become aggressive sellers because they know that the stock has become overvalued and is due for a price correction. When it's time to buy again, there won't be any news to tell you to buy and in many cases the worst news is released at the bottom of the market to get the naive investor to turn loose of their shares so that smart money can buy more shares with the profit they captured when the price was high. Only technical analysis will give you a true picture of this. You really should make an attempt to learn about it because it will definitely improve the balance of your trading account.
I'm afraid you're a long way from $0.07 now Spuds. Technically speaking it would be much more probable for the price to reach $0.0125 than $0.07 at the present time. First it will test the $0.0225 to $0.0250 area and it does not find support there, it will go lower. The double top accompanied by three bearish divergences is a strong warning of lower prices.
http://stockcharts.com/h-sc/ui?s=ICPA&p=D&yr=0&mn=6&dy=0&id=p52677956735&a=257286122&listNum=6
Those kind of chart patterns do not form unless there is distribution going on. This stock had a nice run up in price above its current real value and now it's time for a price correction. That is the reality of the situation and only the charts will show you that. You'll never read that kind of stuff in the news.
It didn't close that high did it? Technical analysis will help you become a much better trader/investor and you need to learn more about it. Investing is not about who is right or wrong, it's about increasing your account balance. The only way you can really focus on doing that is through technical analysis and swing trading.
If it were not for trading and investing, I would not have been able to afford my home music studio. You know with the help of the Internet, it's really easier for an unknown musician to make a decent living today than ever before in the history of music. You might consider doing a Christmas album every single year for a while and put them up on iTunes and Amazon.com and you will be amazed at how well they will sell. You can get 40% (sometimes more) for each album you sell as an independent artist so, while you might not sell millions of copies, you will make a whole lot more on the ones you do sell than if you were a signed artist. Social networking will build your circle of fans and every year you will find that you will sell more music and eventually, it will become a full time income. Just a thought! You should take a good look at WEST. There will be a price correction now and then another nice rise in price. I believe there is a bottom here WEST has strong fundamental reasons as well as technical reasons to buy. It could become a great long term swing trading vehicle that you can stay with for many years. http://stockcharts.com/h-sc/ui?s=WEST&p=D&yr=0&mn=7&dy=0&id=p08020426942&a=240661626&listNum=3
It indicates the buyers were more aggressive for the duration of that candle but, there were few of them. I'll buy where the market tells me the most likely lowest price is at a time when the probability is high that is it likely to go up in price. That is what the charts can show you and that is why yo nearly need to learn about technical analysis. It will definitely help you increase your bottom line.
I've been in and out of ICPA twice now capturing a very nice profit both times. I invested my last ICPA profit into a stock that more than doubled in price since June 15th. So, I'm keeping my money working full time for me. Sorry to hear that you failed to capture that 40% profit in ICPA recently. Perhaps next time it rallies, you'll capture it and then buy more shares when it has a price correction.
One way to use iHub to your best advantage is to identify BOARDS like EZMONEY ED where you can actually find really good stocks to put on your watch list. Another NEW Board that you might want to keep an eye on is this one ... http://investorshub.advfn.com/Explosive-Penny-Stocks-23901/ - I've been equally impressed with what I've seen there so far. By developing a good group of boards to visit frequently, you can meet serious investors who have similar interests and can actually help you succeed at finding the right stock to trade. My 2-cents on that matter!