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There's now a blackbox algo trying to get the price lower.
Selling small blocks of shares every minute around the same time (in seconds).
Maybe they looking to hunt stops.. I'm watching for a good place to add.
AMDA
meh, that was lame!
They could've easily bounced it based on the chart. Such low volume was too easy to manipulate though.
Intra-day breakdown won't really matter if it can close above 20MA.
AMDA
I expect it to rise short term barring bad FDA news..
We already discussed how the daily is setting up for a bounce but I also like how the weekly chart is looking. We filled the gap today that was left open by last week's candle. If it's truly shaping up as it looks, we could have a nice medium-term uptrend.
Management needs to recoup investor confidence by negotiating a good financing deal which should look nothing like the last deal. If this Chinese distribution deal is really worth what some believe: it ought to assist them in getting good terms.
AMDA
oh, it never ends entirely.. just saying that the next phase of the cycle is approaching.
AMDA
Chart was nice but the other thing to notice was the MMs.. they were making the ask look stronger than it is while making bid look weak, just below the 20MA.. they are being tricky so they can load some IMO -- that ship/game is about to sail/end.
AMDA
Again, my primary concern is that the company many rescind.. but we shall see. Next is financing as they will not be waiting til the end of their rope to lock it in.
Otherwise, the MMs may not have accumulated enough - as volume has been low - so perhaps a shake is still possible. I'd like to get the heck off the 20MA area in general.
Barring bad news, I think we are very close to a bottom. Good luck to us.
AMDA
Hoping for a pull up near EOD to make a nice bounce on the 20MA.. Also, it would make the slow stoch appear to bottom -- on a nice uptrend line no-less. Low to mid 1.7s makes RSI ~50
Close ~1.73+ would be fantastic.
http://schrts.co/oBmlv6
If it gives up the 20MA it could tank a bit but there's going to have to be some selling volume which seems to be the missing part of the "further to fall" argument for now.
AMDA
Excellent breakout of the wedge with significant volume! Looks good from here guys.
BAA
Slow stochs making a bottom.. looks to hold 20MA as selling has really dried up.
Back in today. 1.67-1.69
AMDA
Nice price action this week but I doubt we can hold above the BBs.
Will be looking forward to a flip possibility here if 1/1000th of what keyotee says day in and day out comes true over the next few trading days.
BAA
You as well, I was pleasantly surprised when I checked out this board today.
Made the decision to buy today a lot easier!
An explosion in volume on the chart can only mean one thing. Lots of fun to be had here shortly.
GRWC
Took a starter here today. This has some serious potential.
Interesting financing deal terms. Tangiers actually agreed to be PUT the shares at the company's discretion. I've rarely ever seen that before but I like that.
GRWC
Hey, thanks for sharing. I couldn't reply on ST cause you are not following anymore.
AMDA
Has anyone here heard of or tried using CBD for Lyme disease?
It's good to have reason to celebrate here, Neo. It is still early!
EDXC
Endexx is the only source I have even heard of any such clinical studies being performed or an effective capsule-based CBD being available.
Big ups.
EDXC
Looks like the 10/20MA will be tested before any meaningful turn back up -- this will also be viewed as a gap-close.
Given this, and as part of what I call a "troll stroll", the MMs will at least bounce the 20MA in order to sell more before the financier-based magnet @ $1.5 pulls it down some more.
Keeping an eye on the slow stochs above all things.
My primary concern going forward is news that they are rescinding their FDA application in order to carry out more studies which we may find are required to properly answer FDA questions.
AMDA
Exactly, this is magnetized to $1.5 which makes it a great ATM cause they have to make it jump to line their pockets with money between each "troll stroll" (slow walk down).
I am sure that management is well-aware of this. If it weren't for the note - and the known requirement for more financing - I'd expect the price to hold above the 50MA after the entire OS churns above it in a single day.
AMDA
Great day guys, grats to all who were in prior to today!
I am not a fan of the chart closing at essentially the low of the day on very high relative volume.
But it's good that it held the 50 daily moving average. I think the MMs will use that to bounce it, sell more, and essentially walk it down for the remainder of the week.
There may be a bit of a tailwind from the obvious crossing of the 10 and the 20 MAs.
AMDA
Got out PM too, looking to get back in on the pull back when volume dies down.
AMDA
Looks good now. Just added 1.65s and adding more in a few seconds.
AMDA
I also am not very excited about the fact that there are so many novice investors in this who are seeing red. As they are likely to rush toward the exit after a bit of a run and the threat of a downturn, I fear they may jeopardize the chart setup with their unrefined selling strategies.
It can go down way faster than it went up. Notably, the large buyers (e.g. the ~40k buy at $1.75 yesterday) may see large bid support as an exit where others will see it as a strong support until their expectations are crushed - this is how you create a panic and it would be a great loading opportunity. TBH, the very fact that the MMs filled that order at 1.75 made me uneasy.
I may very easily be left behind on a quick surge higher.
AMDA
Well, I bailed this morning @ 1.73 due to a lack of volume and limited shirt-term risk:reward. The BB has tightened quite a bit and as of today the upper BB is now 1.86
The slow stochs are getting heated and the RSI will not cross 50 if there isn't a nice close today.
That said, this is a nice opportunity to bounce the 20MA and make a nice candle with a close in the 1.7-1.8 range.
We shall see but I am out and likely to be left behind as I have to leave shortly.
AMDA
If it hangs out a bit and churns above the 20MA for a few days, we are still golden. The 10MA is heading up to cross above the 20MA soon nad that should help us launch as well.
We are just very limited on space to rise with the upper BB near $2 and the weekly 10/20MA at 1.97 -- lots of resistance there for now but gearing up to take it out doesn't bother me.
I think this can be a long, steady walk up to $2 and beyond.. but i am prepared to bail at any moment when I see something I don't like.
I keep returning to the daily chart and determining that this run should last a while... as this chart suggests: http://finviz.com/quote.ashx?t=amda&ty=c&ta=1&p=d
AMDA
Still loving the chart and how it trades but there's aminor gap in the chart which I sold some 1.74s for a flip when it closes. Unfortunately, it didn't close and I got back in at 1.71 before the volume surged again.
If it doesn't fill early tomorrow - perhaps a dip and rip - I'll ignore it til the trend turns.
AMDA
Good news: I finally got the fill at .264
Keyotee, I already deposited the money in your paypal account; you are immediately relieved of your duties.
BAA
Please fill my 20K buy at 0.264, thank you!
Where the hell is keyotee when you need him most? He failed me at 0.25, not again!
BAA
Good timing. Best chart I have seen in a long time here.
Even if MMs want to bring it much lower, they'd be crazy not to take advantage of the influx of retail this setup will bring, especially with momentum.
AMDA
Taking a preliminary look at this one. Hearing FDA coming (possibly Friday) but need to DD a bit.
CHMA
Added like 40k under .25 then had a 25k bid at .25 -- only got 19226
BAA
Nice volume today. Churning low 3s well.
EDXC
MMs owe me the rest of my GTC buy order at 0.2500
Got most of the Thursday and 26 whopping shares Friday. Come on!
Chart really shaping up to make me feel screwed.
BAA
I hear you, I made the same comment on stocktwits.. something tells me it's coming.
My fear is that the 4 partnerships were contingent on FDA approval.
AMDA
We're looking ripe for a nice move here soon... technical indicators are good to go.
Inverted head and shoulders (30-min chart) inside the triangle (daily chart).
I think the comparable company is perfectly relevant, thanks for the link.
AMDA
Couldn't find the commentary but still looking. Watching the "Amedica Silicon Nitride Technology Video" on youtube at the moment.
Sold everything 1.3s -- it may revisit the low $1 area and should at least close near 1.17 to fill earlier gap with candle body.
Financing is great but means nothing other than kicking the can without demonstrated sales improvement
This may be the last attempted breakout failure as the technical pivots are getting very low and downside movement is limited.
ANY
Same, looks very good here for rest of day & next week.
Only concern for now is that they may be forced to rescind their FDA application if the questions require further clinical studies to answer, like the comparable company did, posted yesterday.
AMDA
Current avg. prediction(30ppl): 45,828.67 oz
BAA
Appreciate the refresher; I knew this for a while before the RS -- I need to review the reports.. for now, I like how the chart is set up and the ask is looking quite thin too.
It will not take much volume to break the 10MA and spark a rush to cover shorts and go long. That may be sufficient to carry us above the 20MA and even breakout of the triangle which comes to an apex within the next couple of weeks.
see this simple chart:
http://finviz.com/quote.ashx?t=amda
AMDA
Put me down for 48,600 GIM
Left some room for a pleasant surprise, much like BAA management did with 2016 projections, IMHO.
BAA