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Just a normal trading situation....when you see the RSI go below 30 on a two day/15 min chart and the indicators (CCIs indicators and the MACD indicators) show way oversold area, just buy shares, and they always seem to reverse.
not the ones I bought!
Got filled this morning again....
looks to me like the technical indicators are suggesting it is time for PURA to continue upward. Now we have more good news here this morning too
I think one of the reasons they are pushing increase is to hand out shares to each other...those "incentives", so I do not know if I would trust them with the keys to the structure at this time. I agree with INTHEKNOW's summary
RNVA just put out another news PR on the meeting May 2nd after hours release:
RENNOVA HEALTH POSTPONES SPECIAL MEETING OF STOCKHOLDERS TO MAY 2, 2018
Today 4:15 PM ET (GlobeNewswire)Print
Rennova Health, Inc. (OTCQB: RNVA), (OTCQB: RNVAW) ("Rennova" or the "Company"), a vertically integrated provider of industry-leading diagnostics and supportive software solutions to healthcare providers that recently announced the acquisition of its second Rural Hospital, announces the postponement of its Special Meeting of Stockholders to May 2, 2018 at 11:00 a.m. Eastern time at the offices of Shutts & Bowen LLP, 525 Okeechobee Boulevard, Suite 1100, West Palm Beach, FL 33401. The record date of March 12, 2018 remains unchanged. This Special Meeting was originally scheduled for April 18, 2018.
"Stockholder approval of the proposed increase in authorized common shares plus the ability to enact a reverse stock split is critical for the company going forward," stated Seamus Lagan, President and Chief Executive Officer of Rennova adding "Should any of the company's convertible debt or preferred stock holders elect to exercise or convert their shares, the company currently does not have sufficient shares to meet those obligations."
"The agreements under which many of the convertible debt and preferred stock securities were issued require the company to seek an increase in the number of authorized shares of common stock to accommodate all of the possible issuances," noted Mr. Lagan.
If you have already voted and wish to change your vote or if you are ready to vote your shares now, please call our proxy solicitor, Advantage Proxy toll free at 1-877-870-8565 for assistance.
The Special Meeting is for the following purposes:
1. To approve an amendment to our certificate of incorporation, as amended, to effect a reverse stock split of all of the outstanding shares of our common stock, par value $0.01 per share, at a specific ratio within a range of 1-for-50 to 1-for-300, and to grant authorization to our Board of Directors to determine, in its discretion, the specific ratio and timing of the reverse stock split any time before March 1, 2019, subject to the Board of Directors' discretion to abandon such amendment;
2. To approve an amendment to our certificate of incorporation, as amended, to increase the number of authorized shares of our common stock from 500,000,000 to 3,000,000,000 shares;
3. To approve the Company's new 2018 Incentive Award Plan;
4. To authorize an adjournment of the Special Meeting, if necessary, if a quorum is present, to solicit additional proxies if there are not sufficient votes in favor of Proposals 1, 2 and 3; and
5. To transact such other business as may properly come before the Special Meeting or any adjournment or postponement thereof.
Anyone else notice that Stock charts shows .028 close and never even showed .03+ being hit in the last hour...how does that happen? Stock chart? I have a real time subscription but last hour+ no .03s prints and certainly not .03s+
LOL! Low volume? 47 Million shares traded is low volume? You have to be kidding...take those rose colored sunglasses off
well, the technicals of charting showed, in advance, RNVA was going to go up today and showing still can go some more after this "flagging" on the present chart ...negative comments don't usually have any solid effect on a chart that is showing it is time to move up a lot
Don't give up but look for FREE online seminars to learn how to read charts, and you must have real time L2, like what TD Ameritrade gives you for free or buy a subscription to IHUB L2, for instance. You MUST be able to see in real time what the buys and asks are. You must also be able to read charts, like what stock charts gives you...but you must learn to understand the indicators that are available to you to be able to be successful trading
I used to think everything was "going to the moon". If I may, I would suggest one not wait until any stock gets to a dollar to take some profits. On the way up, it is wise to not hold all the shares and to take a little profit now and then, but hold onto shares also just in case a stock does not pull back, then you will not be kicked off the train that leaves without you. You always need a little loose change to be a great trader, because, if you never have any "loose" change, you won't be able to add shares when stocks do pull back some, like when a flag is forming on RNVA right now. You have to learn to trade charts to be good and to survive. High RSI's don't always mean a stock is overbought, because at times, they can continue higher with even a high RSI. Stephen Bigalow has some free seminars on candle stick formations I would highly suggest....we have to always study trading to get even better...good luck to you. However, luck really has nothing to do with being successful trading, as you have to be able to read charts to fully understand all the clues there for you to see to make good decisions on entering and exiting.
over the years, if you can afford to keep trading, you will learn this was a natural thing, and you will also see it return back up and maybe even higher. It is doing what is called "Flagging". It is making a flag on the "flag pole" created when it topped out and then once it fills in the flag, like a 3 D printer, it will more likely than not, make another continued move up. Sit tight
sorrry, you are concentrating on the negative and not looking at the first quarter
Doomed? We apparently are not reading the same charts. You'll get back in when you see something happen. You sold and collected some profit, so if you miss more, so what? Right? The market does not dep0end on our opinions, of course, but the charts suggest DIRV is close to moving up more from this sideways temporarily trend...doomed? You have to be kidding
Yes, trains do switch tracks and some even get new instructions, like this morning...we shall see if they are communicating to the driver of the train yet. And keep in mind, regardless of what day, the 10Q could come out at any time...they are compliant on filings, so they just may be really ready to file.
hahaha...yea, sell the news...uh....you are suppose to look at it rise first. That is what they mean, not sell immediately...news can make a stock rise for days...then maybe consider selling the news. That is what that means
Seaton, the success of traders trading stocks does not depend on whether you or I leave or stay in a stock no matter who we are. We all think we are the best. It is the technical and chart movements we trade on. If movement is slowed down, in your opinion, it does not mean a stock cannot turn right back up in a heart beat. In my opinion, I am seeing that the PPO, MACD, and TRIX have turned back up, the TSI has turned up and is rising, and accumulation is taking place....this looks like another beginning of another step back up. I am not basing my decision to add more DIRV yesterday on the anticipated 10Q, but on these chart indicators and the overall chart with the stock riding the 50 moving average on the three month chart.
The EMA line, the 50 MA and the 200 MA are all three within .0036 points of each other. If anything, this indicates more of a sideways movement maybe, not a dip coming. I am staying in DIRV.
As I suggested earlier, when I see changes taking place on the 2 to 5 day charts, it is more of an indication of what is coming more immediate. The three month charts lag behind, as I am sure you already kmnow, and they will also turn as the short term charts turn back up first before the longer term charts adjust back upward also. Looking forward to the next week here, starting today.
So...when does the 10Q on DIRV show up? The last 10Q showed up January 25th...what a coincidence! Today is also the 25th of April...three months later. Isn't it time to show? I figure you know all the answers,and even though you don't own any DIRV shares now, you will still be back here today to see if you made the right decision or not. The chart indicators suggests the turn back up is in progress even if it does not occur today. Once the 10Q shows up, which is expected to show good things that were not here in the past, I predict a quick move up. This looks more like a loading zone to me lately.
MACD is BULLISH! NO, your statement is false, as the MACD signal line has crossed up and over and is bullish. The 3 month chart is not showing the turn back up that has already taken place on the short term charts. The short term charts turn before the turn up shows on longer term charts. Use you binoculars! You are not reading the chart correctly, because you are not looking at the whole picture which includes DIRV riding the 50 moving average as support. If one looks at this week, you can clearly see the MACD, PPO indicator and TRIX have turned up and are all bullish. The accumulation line is rising.
Looks simple to me....the delay is most likely an accounting problem, because they had so much information they had to assemble and may have to be careful saying some things before acquisition is complete.........same reason they could not file it April 17th... ".....but completion of our audited financial statements has taken a few days longer than expected, caused mainly by the addition of our new Hospital sector business and separation of discontinued businesses..."
Interesting when you reread the last news on expectation of posting 10Q:
I am not defending their delay but:
RENNOVA HEALTH EXPECTS TO RELEASE 2017 FINANCIAL STATEMENTS ON MONDAY APRIL 23, 2018Press Release | 04/19/2018
WEST PALM BEACH, Fla, April 19, 2018 (GLOBE NEWSWIRE) -- Rennova Health, Inc. (OTCQB: RNVA), (OTCQB: RNVAW) (“Rennova” or the “Company”), a vertically integrated provider of industry-leading diagnostics and supportive software solutions to healthcare providers that recently announced the acquisition of its second Rural Hospital, today announces that it expects to file its full year audited financial statements for 2017 (on Form 10-K) and accompanying press release after market close on Monday April 23, 2018.
“We had previously disclosed our expectation to file this information on Tuesday April 17, 2018 but completion of our audited financial statements has taken a few days longer than expected, caused mainly by the addition of our new Hospital sector business and separation of discontinued businesses,” stated Seamus Lagan, President and Chief Executive Officer. “We look forward to disclosing our results and believe they reflect the progress we have made building our business through 2017.”
Looks simple to me....same reason they could not file it April 17th... ".....but completion of our audited financial statements has taken a few days longer than expected, caused mainly by the addition of our new Hospital sector business and separation of discontinued businesses..."
one of these days shortly, IMO, we will see a 10Q out
Maybe the company management have a credibility and trust problem. They need to work on that a little bit. They also need to collect on what is owed them and that should be incentive enough to get started. maybe they will show us they can be trusted with the keys to the bank at some point. They have not made a case for agreement that I have seen.
nothing wrong with selling some when you see to do so. I remember I was in a group one time and got kicked out because I sold some shares to collect a profit. haha....some always have their own agendas.
Let's see...how do they say it? "RNVA Going to the moon!"
hahha...that's a good one , Carjockey
That could happen on any stock. In my case, I can read charts and see this is going higher, imo. Obviously, you already realize there are those who have their own agendas who will attempt to throw doubt into your head for their benefit, right? Surely you can see the good things RNVA has going for it. You just to have patience to succeed, but buying high and selling low just ain't gonna get it for anyone. At least buy to average down for your benefit, and at least get an opportunity to sell after bring ing the price down some on your cost average to escape if you feel you do not want to hold RNVA.
Thanks for the warning! I have already added shares three or four times today...did you add also? If you did not, you sure did miss out on a great dip before the rip
For those that are not aware, this was what is known as a "shakeout!" It makes uncertain people dump their shares into the hands of others. Some of us were ready to grab some. A good tradwer in the OTC MUST always have some cash to add shares or be able to sell something else with a small loss to rotate cash into RNVA, for instance. It is hard to trade if you never have any other cash available or able to rotate from another to get more of the position you have. This is the real secret of trading, imo....you MUST always have the ability to rotate other failing cash into the one you really like and want or to add to...this is the SECRET!
I added nicely twice this morning on this way oversold situation...thanks!!!
Some people work hard to throw doubts into your mind at every turn about what you know about a stock. Raise the bar a little higher. There can only be a few reasons. Sometimes it makes one wonder why one would spend so much time dissing a very potential ticker such as RNVA. I am glad I know what I own and expect a lot of good days ahead from RNVA ownership. I am looking forward to seeing the completion of the acquisition of the second hospital! Go RNVA!
I can tell you I bought today and more than doubled my position
Today was just a case of a number of traders who had too much green room sitting there that they could not avoid the temptation it appeared. Not to be too concerned, as there are probably a few more, but it is riding the EMA line on the seven day chart....it may not even touch the 50 MA on that same seven day chart tomorrow and may bounce. Looking at the fib pullback lines, on the last seven days, it actually already pulled back -50% to that 50 MA essentially. It is consolidation now or spike to come.
I would think the 10K will look good, or the management would not be pushing the vote to approve things. If things were dire after the past RSs, why would we want to vote to approve what they ask for? That is why I would think they want to present to us good results happening and they will tell us, ..."See, this is what we can do if we can expand We have only just begun to make your shares more valuable!"
Looks to me like it is already turning back up if you look at the predictor...PPO blue bars rising and other indicators also on 2 day chart
I don't understand? I have made a lot of money off RNVA since just three weeks ago. RNVA is my cash bull...something must be wrong. Another hospital acquisition being completed, and lots of other good things going on with RNVA
I have been in correspondence with Will Hurd, the Congressman for my district and Fort Stockton, Texas. I have written Will some questions in my response to a letter from him earlier today. I will be glad to share what he tells me if he answers those questions I have asked him in today's return correspondence.
looks like farther down the page you linked is RNVA...looks like it was about audit report
it is a PDF file you can see once you down load it and click on the download at top of browser where you downloaded it to.
Something to do with an auditing report
10 mil volume right before the close came in.....Now that was funny, wasn't it? Friday dump was a fizzle compared to any other OTC stock we see. Look at that positive volume into the close...the really grey line on Stock charts...10 mil volume right before the close came in.
I have used IHUB for years. I do like the bright easy to read letters and numbers. However, the news links are usually late being posted on stocks unless they are paid to be released through IHUB...or they don't show up at times at all. IHUB L2 is a little slow to respond at times or makes you type the symbols one letter at a time slowly to take them. Even though I have TD Ameritrade and can get L2 free, I kind of like IHUB's five different symbols on the same window. At times, this last month, I could compare both L2s at the same time, and saw IHUB's was not accurate 100% of the time. In other words, when IHUB L2 showed bid and ask, they were not correct. TD Ameritrade L2 showed the real numbers. I could see an incorrect bid/ask when saw prints show up less than the bid at the same time. I still am paying for Ihub L2, so I must like something about it, but use TD L2 when I wish to add more screems on more than 5 different symbols.