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Ramfan, how so? Please explain
good or bad news simply moves prices to extreme edges; a place where very profitable trades happen.
good news can elevate a stock price to overbought levels in a hurry. If unsupported by volume, those prices quickly meet supply and a retracement ensues.
Bad news can produce a mirror image of the above.
TA is very good at sorting out synchronization between technical and fundamental strength. Its even better at identifying bullish or bearish divergences between the two - which lead to squeeze reversals.
So no, respectfully (IMO), your statement is 180 wrong.
must keep my statements in context Rosie. I did not predict "new lows". I predicted a new yearly low (read the linked post again).
The yearly low at the time was .8015/ share. Since my post the stock has traced a low of .8110, less than 1 cent from the yearly low. I was wrong by a penny LOL.
He gets under your skin because he’s right on many counts and you know it. He remind you, monk, caddied, etc. of what a colossal mistake this investment has become.
To think honoring a down trendline could have avoided all this. Wow.
oh oh... someone touched a nerve. If you can't stand real posts that point out reality, then why don't YOU pack it in? Sell, and do yourself a favor. Release yourself from the mistake and move on!
Look at the bright side, if you sell, you won't have to pay long term capital gains taxes.
Clearly you are unaware of how this game works, hence your current position and demeaner.
The stock dipped to a penny from the yearly low. This sets the stage for short covering which will produce a strong spring.
You barked the same way the day after I made a similar post a year ago. 3 months later the stock was up +95% and your position was only down -94%.
'Springs' near lows get bought - especially in the form of covering. Bears are smarter (they actually take profits and/or pull rip chords) than hope filled bulls who only see one side of the coin. The shorts are aware of the building bullish momentum indicating strong support. They're aware of the double bottom here and have likely calculated the probability of higher prices to ensue.
Okay, back to the "ignore worthless poster file" you go.
A big rally coming?
In Nov. 2022 and Nov. 2023 (post#'s 393087 and 418183) I predicted rallies. Over the following 3 mos. we saw prices shoot up over 95% both times.
The chart is hinting the same:
Though unimpressive, today's volume was the highest in over a month. It was upside volume and it was bullishly divergent to the massive selloff in the general market. This behavior is very bullish IMO.
Combine that behavior with the noted indicator reversals and we have the TA ingredients for powerful move. Where is shorty??
hayward, why didn't the price respond upward?
Today's bearish engulfing candle is forecasting yearly lows in a matter of days.
Just as predicted, the triple top breakdown part 2 is behaving as it did in the previous year; trending towards a new low. The false upside breakout above the ice line has traced yet another triple top part 3 leading to another leg down. The pattern is so simple a cave man could trade it.
The nasty sell off in small caps and bios will only accelerate /amplify the slide. Got TA??
a pompous, arrogant engineer and a psychotherapist?
hmmm.... pompous, arrogant engineers who are well versed in mathematics (but fail to appreciate the value of a down trendline) are smarter and know more than Dr. Bhatt!?
Saying V is not derived from fish is tantamount to saying your integument is not derived from skin. LOL
The PPS closed out 2018 @ 13.61, up +355% from the close the day before R-IT and +9.75% higher than the gap-day close.
A similar move up from here elevates the current price to just 3.15. The iceline is at 2.60.
You do realize that a BO price of 5.00 is a +468% gain from here. That is 100% more that the gap high the day REDUCE-IT was announced (the stock was up +366% that day).
It is going to take a very big surprise to launch the price back up to that level
Zumantu offered this regarding anti-cancer efficacy of V via free fatty acid receptor 4
Bearish? haha. You said this 3 weeks ago.
Jonny, Still feel this way?
LOL
Are you going to modify your outlook?
Shenanigans!! Just like the bogus upgrade last year, they pre-announce a plan to buy back shares which spurred the stock price up enough to avoid delisting.
Now they pounce on a triple top exactly like last year. The chart accurately printed all those nefarious footsteps.
The rally is compliments of the Biotech rally. We are seeing a rotation from large cap/tech to small caps today.
A,B,C breakout for Biotech group.
Seve, do you still think "Bios are in the toilet?"
What are you talking about!? They began a beautiful reversal from a bottom in October:
Since then, Bios went straight up breaking through the 200MA, down trendline and huge squeeze pattern.
And now we have an A,B,C pullback which should shoot the bio group up another leg.
The Biotech group has the 2nd best performance next to tech over the past 3 months:
Checked your chart lately? LOL
FWIW, CDMO and HALO present with the best TA reversal characteristics (daily chart) of all the equities you listed.
HALO is a beautiful volcano squeeze pattern with a fairly high short interest ratio. It rhymes with the IBB squeeze pattern in early December.
Potentially good news on the horizon for the biotech sector.
on 12/2/23 I shared this bio group chart indicating a high probability of a squeeze breakout as prices were oscillating towards the apex.
After a breakout runup (A-B), it began to retrace on the heels of an MACD bearish crossover at a peak(red arrow).
Currently, the price is reversing from a pullback (C area) as the MACD is poised to cross up from above the "0 Line"; referred to "0 Line rejection" which is very bullish.
In conjunction with that setup, we see an A,B,C reversal pattern.
As the major indexes have reached nose-bleed levels, it appears that investors have begun bargain shopping in the small cap/bio isle
I began my off label Rx after my own DD on this board from the great contributions from JL, Zumantu, everyone else who contributed. I told my oncologist about it and he completely supported the idea.
I was taking it when I first heard of trial concepts to investigate prevention of recurrence.
Some of the collateral benefits I noticed made me excited for the NASH trial and breast cancer results, but nothing of note seemed to materialize.
I don't drink, and I am in good shape (not overweight), but I developed Liver issues. The doctors couldn't believe how these issues resolved once I was on V for 12 mos.
I'm a big believer in the pleiotropic properties and strongly think every human should be taking it - if for nothing more than anti-aging :)
Stage IIIB colon cancer survivor in remission since 2012.
I’ve been taking V ever since. It not only has alleviated the IBS type symptoms from missing half my colon, but has kept recurrence at bay.
This study could really move the needle IMO. I will be anxiously awaiting results.
Thanks for sharing the link.
That is exactly right. Remember, I was recommending selling then .97/share after a +90% runup that you happened to miss.
Yes, this is no different; it's a bull trap. Just because I wrote that on January 9th doesn't mean it's disappeared. We are completing the third top. If curious about what happened to an identical TA setup last year at the exact time on the heels of earnings announcement, then refer to the chart (hint: It was ugly).
You be you though 2-tango alpha. Who knows, beating your chest might be the answer to bucking the trend.
hey "alwayswatching... never seeing", instead of calling me names, why don't you punch a few emojis like your childhood friends (knownothingjonsnow and jonHancoque)? You'd fit right in with their company ;)
Hey kook,
Hey snow... where were you yesterday? Has your therapist restricted your board participation?
Those emoji coloring books are good for the soul aren't they? You and hanKOOK are quite artistic!