Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
based on what? this last time it was at .0009 it fell based on misinformed rumors. And the run before went to .0014 no problem. So far the trend up is intact based on the sma50.
.0006 to 0009 will be the hardest leg. After that it will be easy way up until .0014 and then who knows.
Such low volume, this sucks. We need close to 300 mil for any good move.
Buys are there but not coming in fast enough. MMs will keep putting walls for as long as they can. Buying volume needs to pick up immediately after .0006s show.
most of these companies are scams...it's like looking at an apple at the store and calling it a fruit..doesn't mean you can't make money from them.
You pretty much proved my point. By looking at the chart i knew .0005 was the support of the SMA50 line which is trending up. If yesterday closed at .0004 and today closed let's say at .0005 i would be out of this stock. but it didn't, it bounced from it and closed a tick above it, making the uptrend still live.
If you are not using charts to trade pennystocks you might as well go to the casino play roulette.
Would have been nice indeed, but the bounce of the SMA 50 and the close at .0006 keep the trend up intact..good enough for me.
it is what it is..
and then as if in the blink of an eye back to 6
The bounce off the SMA 50 is the catalyst for some doubters to jump back in, as this can easily move up tomorrow to .0009 and drive up the fomo.
MMs keep putting walls up on .0006 just enough so that we don't move to 0007s as anyone with L2 can see big buys coming all day for .0006s. Only a couple sells on ask at .0005 so MMs know selling pressure is gone for now. Next week we should run past .001 my prediction.
This is looking like a 300 mil + volume day with a closing at .0007 or 0006. May reach .0008 won't close at it. IMO
Risk reward here is big. Down based on misinformed rumors, down to test a previous support of .0004, if you don't try to gamble on these .0005s you shouldn't' be trading in the first place.
Exactly. An 'experienced' professional as her would know not to share such information so freely to a select few random people. An official response from either company needs to be made public asap, otherwise seems like either fabrication or malpractice.
It is important to note that Timken's pps has been on a freefall, and it would be on their best interest to ease any fears of concerned shareholders when a pennystock like TPAC makes such claims regardless if indeed there is a live order. Tomorrow should be interesting.
Trend up is still intact. Would only worry if this goes to .0004.
Going against the trend is dangerous. Trend is going up for the mid term, basic tactics here of MMs bringing it down when volume is low. SMA 50 is at .0005, holding strong so far.
Not much buying power on the .0009s but no one wants to sell either thus it's stagnant right now. Once this hits .0011 and above should drive the fomo up hard.
Volume is actually pretty low that's why no wild movement. It needs more than a 250 mil type of day for a good move up.
Unbelievable how people here are still thinking this going down is directly related to recent news and share structure..smh....this is a speculation/hype play just like the other main penny stock players in the mmj industry. The charts are literally the same, even on 60 minute charts they are the same, H*MP, MJ*A, TR*C and others, they all move together. The real test will be when the momo is back in the industry and these plays start moving up again, will ERBB keep up or maybe go higher than them..
The mmj industry is down, plain and simple. Go check out the likes of H*MP, TR*C, MJ*A. Their charts along with ERBB are scarily similar. This only goes up when the industry goes up. Yea, there are good things going with acquisitions and bad things like share count and financials. But it's more than clear they don't directly affect big moves up or down. Its the hype that will bring this up, it will happen, It's only a matter of time.
If this passes .0049, the next plausible test would be the sma50 on the daily chart which now is at .0057 and in my opinion a hard one to break. If we break the sma50 with ease, this has some great potential for a breakout to .01 again.
The acquisition news is certainly great, but i wouldn't put it on a pedestal, I did some DD and find that this company seems like a cheaper version of Salesforce. So even though i think this acquisition is a good move, I wouldn't be as excited into thinking this will bring needed revenue, certainly not a game changer.
looks like a short term trend reversal for sure. this stock moves only when others in the sector move, let's see this week if the likes of TR*C, H*MP and M*NA move up as well breaking this downtrend.
i've been on this board for more than a year and i hope things turn out for the best, i'm just stating the obvious. this will only truly reverse trend when hype is back in the mmj industry, regardless of what the CEO does or how many machines are shipped.
OBVIOUSLY pps, share structure, sales are ALL garbage, but this is not a financial or performance based play, its speculation / hype play based on the mmj industry. take a look at H*MP, TR*C, MJ*A, they are all under the SAME exact pattern, posting lows daily. The mmj industry is down, regardless of how well or poorly managed the company is, unless there's hype around mmj, this will continue to go down.
im fan of plain simple facts as well, but hotstocked is garbage, they have a history of writing on penny stocks as if they were blue chips, if you bring the same narrative obviously any penny stock can be brought out to be bad, because financially all if not most pennies are worthless.
as long as this keeps closing above the sma200 id say odds are more favorable than not. it's normal to assume the worst after a dump like that, but if news had leaked this would have gone south way easier. all my opinion, but throwing a couple grand at these low .002s is a quick 100% profit waiting to happen.
would love to throw a couple grand i was willing to lose at this. all or nothing play here.
true to an extent, every one has a different strategy. if you have time to be glued to L2 then why not.
pure madness, i can't help to think that indeed something leaked out to debt holders. buying pressure for such potential should be eating up these lows .002s. hope im wrong and we get some type of news asap.
even though this is a fda approval play, i wouldn't want a denial at this pps. this NEEDS to close above .0026 to continue with the bounce. not looking good the bulls cant get this past yesterdays close.
Bright notes: the RSI on the daily chart is at 31 with a pps of .0026. the last time price was at .0026 RSI was around 50, so this leaves great room for a run up. Meaning this can easily go past .006s without being overbought. Also, the sma 200 held nicely, text book.
On a dark note, this candle looks awful. If i didn't know about this pending approval and just look at technical I'd put my money on a bad day tomorrow. This sell off makes it easy to run wild with speculation. However, in conclusion with what I know, I would have bought at the sma 200 levels on the lows .002s.
These next 3 days are going to be full of interesting action.
a drop like this would only happen if news of a denial was out not 'leaked', this is either dilution or an attempt by MMs to see how low they can get shares before news. I've seen MMs drop prices to absurd levels before huge runs up many times in other stocks.
pure madness, no news and a drop like this happens. sma 200 holding on which is the most important. I would with no doubt put some cash in at .0022 if i had some free.
nothing too shocking here. this has been going down with the weekly sma 50 for weeks now which is at .004 now. odds are is not going to close above .004 until news is here, so a little shake and bake is normal, wish i had some free cash to get some dips, wouldn't be surprised if this hits .003.
this is most likely not going over .0045 until any good news. it's clearly riding down the weekly sma 50 until anything happens to shake this volume up.
how far are we REALLY from this approval? Honest question. The PR back in December said 120 days. We are past like 180 days now. What is normal / not normal in these circumstances? Would appreciate an experienced response.