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$LTNC Bullish Engulfing Bar Pattern
From Americanbulls.com
BULLISH ENGULFING
Definition
This pattern is characterized by a large white body engulfing a preceding smaller black body, which appears during a downtrend. The white body does not necessarily engulf the shadows of the black body but totally engulfs the body itself. This is an important bottom reversal signal.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. A black body is observed on the first day.
3. The white body that is formed on the second day completely engulfs the black body of the preceding day.
Pattern Requirements and Flexibility
The length of the first black candlestick in Bullish Engulfing is not important. It can even be a Doji. However, the second one has to be a normal or long white candlestick. Either the body tops or the body bottoms of the two candlesticks may be at the same level, but in any case, the white body should be longer than the previous black body.
Trader’s Behavior
While the market is characterized by a downtrend, lower volume of selling is observed with the occurrence of a black body on the first day. The next day, the market opens at new lows. It looks as if there’s going to be more bearish trading, however the downtrend loses momentum and the bulls take the lead during the day. The buying pressure overcomes selling and finally the market closes above the open of the previous day. The downtrend is damaged.
Buy/Stop Loss Levels
The confirmation level is defined as the last close. Prices should cross above this level for confirmation.
The stop loss level is defined as the last low. Following the BUY, if prices go down instead of going up, and close or make two consecutive daily lows below the stop loss level, while no bearish pattern is detected, then the stop loss is triggered.
Revenue PR tomorrow??
Heres the part where we go back to .35 again. This stock is starting to become a reliable channel play for short term traders imo. $LTNC
I think $AXCG could easily run to .002 if we can get those teens knocked out. Good volume on good news. Wish I had gotten in earlier.
$AXCG if we get past this .001 it looks like blue skies!
ok the buzz got me here..whats going on? I dont see any news or anything? This things hasnt had this much volume in a long time. Must be something big cooking????
$AXCG
Hmmm..some legit concerns brought up here. However, I have looked again at the timeline of events. Looks like the move for the company to draw cash against its receivables could have been the plan all along. Just look at when those toxic notes come due and the timing of the financing arrangement with Transfac. The company has millions in receivables that, once converted to cash, actually put the company in a great cash position to pay off the toxic notes. Not saying this is whats happening, but I think we must consider that this was planned all along as part of financing the growth while protecting shareholders at the same time. Hmmmmm.
stochs crossing...move up should be incoming.
$ILIV should move today! Looking to take out the 25/27 resistance.
There are lots of companies that intentionally show losses by investing in infrastructure in the early years. Fire eye went public last week and has a valuation over 5 billion but has spent heavily on infrastructure to support revenue growth, thus the lack of profit generated by that company. Easy to see the same strategy here. Looks good for long term pps appreciation in LTNC for smart investors.
sell on the ask rookies jeez
$ILIV
nice push through those .0025s
$ILIV
$ILIV off to the races on big news. up 29% in 4 minutes on 3 mil volume. Easy double coming imo!
Looking at the chart again, if $ILIV breaks .0039 the next stop is .0068/.0075. East $ imo.
I can see $ILIV easily going past .005 if theres a newsletter on it.
$ILIV big news this morning. Good volume will move this.
Intelligent Living Announces MIND360 Studios a Research and Development Platform for Advanced Mind and Edugames
http://finance.yahoo.com/news/intelligent-living-announces-mind360-studios-120000939.html
$ILIV news this morning. Expect this to be in play this week.
with news to boot- Intelligent Living Announces MIND360 Studios a Research and Development Platform for Advanced Mind and Edugames
http://finance.yahoo.com/news/intelligent-living-announces-mind360-studios-120000939.html
$ILIV MACD is crossing. Good time to pick up a few for a potential run to .005 imo
Talk about numbers...LTNC trades for 25% less than its enterprise value lol. This company just needs some serious IR and its off to the races!
Valuation Measures
Market Cap (intraday)5: 5.24M
Enterprise Value (Sep 20, 2013)3: 7.56M
How often do we get an undervalue play that also a growth play..and on the OTC lol. Such a no brainer here with LTNC.
Its clear to see that the more offices they open and get to $30k per week in revenue the more profit potential there is for LTNC. Just look at the early financials for labor ready and its so obvious that we have a winner here!
Just think about how profitable this company will be with 100 offices doing $30134 in revenue every single week!! I expect institutions to start picking up shares soon if they arent already!
$LTNC!
With an expected $30million+ in revenue for 2014 I think LTNC will reach profitability. Cant wait for an expansion update or something so we can put some accurate expectations on 2014.
dtc chill :(
cant buy
Im looking forward to seeing the September revenue numbers. Would also like to get some sort of a preview of the plans for the next wave of expansion. Earlier in the year the CEO provided an expansion update. I think he should do this every 6 months or so?
$LTNC
LOL Pennys does not have a similar business to walmart...LOLOLOL
I think bottom is in! 100k @ .0138 then its back to 14s
ETEK
where is all this selling pressure coming from??
im in @ .046
Its silly to talk about LTNC closing branches. They just opened another one lol. $500k/week in revenue around the corner.
just look at servicenow.com. They are focused on increasing revs and are little concerned with small profits right now but instead want big profits later. The ceo of that company has it right and so does this one imo.
Gross profit increased from $279k in Q2 2012 to $609k in Q2 2013. Almost $1 mil in gross profit in the first half of 2013!!!
WOW GO $LTNC
So easy with $LTNC. The financials show a clear path to profitability and with the strong revenue growth shown in their AUDITED financials its clear that this co is going to make us some GREEN!!
I think we break .02 today $ETEK
decent looking day. I flipped a few for some nice green. Hope tomorrow brings more volume!
Looking over recent PRs from the company I see a number of mentions about improved margins. This is great news. A 1% increase for the year will put an additional 160-170k to the bottom line. The company has stated targets above a 25% gross profit. An 8% bump up puts an additional 1.36 mily to the bottom line with just 17 mily in revenue. Just think when the company has $50+ mily in revenue what those numbers will look like! GO LTNC!!
Just think about how much $$ LTNC will be making with $50+ million in revenues in 2015, maybe even next year though that would be pretty amazing. Though the 175% growth this year has been nothing short of amazing. Definitely possible with the solid management behind this company imo.
Nice find! It doesnt get any more legit than $LTNC.
Im all about the growth. LTNC revenues are nearly tripling vs last year. Its just a matter of time before $$ starts falling to the bottom line and in turn will push this small floater up. $10 pps in 2 years imo.