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Orwell wrote 1984. we're living the book now. the three slogans espoused were:
1 "war is peace", think Syria, Ukraine, etc.
2 "ignorance is bliss" cueing Donald Trump
3 "freedom is slavery" try working for a living wage
::sigh::
life, as i see you've come to realize, is a process. its a journey upon a road steeped in intrigue. we come into this world knowing nothing, and leave realizing we still know nothing.
hope you and yours are going to have a joyous 3-day weekend. life is too short to not enjoy it when you can.
rich
you're the exception, buddy, not the rule. that's why you're here on my board. LOL!
btw, todays candlestick is a spinning top. its generally a sign of indecision, an inference that the market couldn't make up its mind. but it was a white candle and occured at the bottom of a downtrend, and that's a bit more significant. it heralds a reversal. next week should be an interesting one.
take care and make sure you enjoy the weekend
rich
did i call that or what? while i don't consider myself an expert at it, i can't understand why i don't enough credit on the Hub for my charting skills. i generally know what i'm talking about. i posted that chart and analysis on the INMG board early enough for anyone who trusted me to put in an order at .017 (or a little less) and they would have gotten filled. of course, maybe that's why the post was removed. thing is, it was removed as off topic. now that is too funny.
best to ya', bro. brothers in arms, we walk together. lets just hope we don't get lost in the woods
rich
welcome to my board, Deacon. i very much appreciate your comment. feel free to share or ask away. i'm not always in snark mode.
hope you've been trading well.
rich
deleted? no. should prolly be a sticky. clever wording. i like it.
best of trading to ya'
rich
not quick enough though for a certain board. or more realistically 'bored' -- and by that i mean the verb transitive. its been drilling down.
chartwise, its trading below the 5, 10 and 20 day moving averages, and the high so far is .024. guess what the 20 day is?
this is a screenshot of the trading for the last 6 months. see if you can find a double or triple candle top, bottom, or even wick that you can draw a line across to serve as the current support.
did you find one?
fwiw, looks to me as if its trying to hold and create one at .02. if it can't, next stop is around .016.
gaps, btw, do not necessarily get filled immediately. they can remain on a chart indefinately. for example there's a gap in INMG all the way back at .0016 to .0018, and it will prolly never get filled. its called an 'island gap'. difference between that one and this newer one is that there was more than 100M freshly printed news related shares traded on that spike up.
best of trading to ALL of us
rich
its the right word and the meaning fits. its the part of speech that is misunderstood. on this board its primarily a verb.
best of trading to ya'
rich
who'd a thunk that Orwell, a quintessential satirist, wrote a how-to manual. **sheesh**
seems to me that t.v. has become reality and reality is now an imitation of t.v., and the Hub is merely another receptacle for the new stream of (un)consciousness.
hah! should have known. after all, you are the 'shell king'.
btw, long as i got you here, just want to say how much i appreciate your posting and research skills. unlike so many on the Hub, who live in hyperbole, and then litter their posts with trite shibboleths, and do so ad nauseum, i find you even-handed and thoughtful. more importantly, you don't seem to take yourself too seriously, which makes you the exception rather than the norm.
just saying...
best to ya'
rich
NANX, AMTY, LWLG... whoa! nice trading day for you, Ian. things are starting to line up, and time is on your side. i'm liking it for you a lot. truth be written, i might even be envious.
if we don't chat tonite, i'll give you a holler tomorrow.
say 'hi' to Cha for me.
rich
thanks green, but the INMG chart is a pretty easy read, there's very little rocket science to it. logic and paying attention to the extra details -- the indicators -- is really all that is necessary. fact is, there's a reason that charts are used and worked by mm's, traders, brokers, and the such. in this day of the fast chip computer, where algorithmic trading is a standard, chart reading has never been more important.
as for INMG, you need only look at the direction of the indicators -- they are all southbound -- to see what is happening. finding support and resistance is simply a matter of studying the trend lines and historic points.
that said, this has been run up without the necessary volume and pregnant pauses needed to keep it orderly. unless there is a catalyst tomorrow to challange the perception of the chart, this is going to test the 50ma. not that that's what i want, but reality is not a t.v. show.
happy trading
rich
oh fer' the 'daze' when there more than 3 mm's working a stock.
::sigh::
happy trading
rich
took a stab recently and bought 100 at 1.47, and added 200 today at 1.30. they're in my 'tomorrow' drawer. this is so under the radar. should i feel lonely? have you been a buyer, too?
best of trading to ya'
rich
last night they caught up on all their filings from 2015 to current at otcmarkets (nee 'pinksheets'.) i suspect the stop sign there will disappear shortly.
good luck to ALL
rich
AMTY chart for ya', Ian
as you know, this is up there on my list of stocks to buy. i like it a lot. just wish i had the extra coin, but now that i've put my liquid funds aside, i'm pretty much on the sideline until i sell something.
hard to read a chart with so little activity, but its starting to see some daily volume, and its so thin it could bustout at any time.
nice hold for ya'.
ABHI chart
got another cup in the forming here. should see .0017 to .002 in the near future. dilution looks to be winding down, but all those shares have not yet been absorbed in to the market. positive neews would help this.
http://www.profitspi.com/stock-chart.aspx?id=ABHI&ca=917771659
profit takers are good. no matter what i hold, nor where they sell, i congratulate them, as i hope they will do the same for me.
in any case, the simple fact is without traders there would be no shares to acquire without dilution. so to ALL traders i say 'have at it!'
best of trading to you and ALL
rich
nice, well reasoned and thoughtful post, Ian.
i easily tire of reading hyperbole, so i'm always grateful when i find digestable content, and, of course, i know that this is a stock you have an excellent handle on. if all goes well, and i see no reason to think otherwise, this could have a very fun ride. i look forward to your ascension in making coin.
this is ready to make a run towards the high of the year at .007. latest cup and handle has already formed the basis for the move. 5ma crossing over the 10ma and rising volume with strong accumulation points to the potential of a coming bustout.
should be happening soon. is today the day? very possible.
best of trading to ALL
rich
INMG 2 month daily chart
this is the chart of a stock in search of a support base. when a stock is running, it moves up along the 5ma, and usually has a technical test of the 10ma. these are fast lines and generally do not offer strong support. the reason for that is that they are not layered in accumulated volume. nevertheless, they are the support lines for an upmove.
today the stock traded down to the 20ma. this is the mid-point of the bollies, and though it is a stronger support line, its not usually sufficent to turn a stock around. just as i claimed the last time INMG pulled back, it may need to test the 50ma. that, btw, is a very strong trend line. at .015 it is also just underneath the gap that exists between .016 and .017. i will not be surprised to see it filled tomorow or Friday.
btw, that would be a healthy fill, and a proper technical test of the uptrend. personally, i think its needed. take a look at the distance between the 20ma and 50ma. they have to get closer to ensure the support for a continued move up. my chart rendering sez' this stock should be heading for somewhere around .0625 in the near future. but..
nothing is ever etched in stone and its for that reason i always recommend playing safely within ones limits, including taking profit or securing whatever shares you're holding. all the indicators on this chart have turned south.
just saying...
EXAD chart
this is the nine month chart. it shows the cup and handle continuation pattern of consolidation following the run to .007. its on its way back. though you won't see it on this chart, the moving averages -- 5,10, 20, 50, 100 and 200 -- have lined up fastest down to slowest. this is the confirmation of an uptrend ready to go higher.
below is the link to another chart, its the 3 month daily, and i've included it because it offers a few more indicators. take note that they are ALL pointing north. its nigh go time!
if not before the end of the week, this stock rocks next week.
http://www.profitspi.com/stock-chart.aspx?id=EXAD&ca=1864238701
now that my lubricated fingers have begun dropping letters, my floor is littered in vowels and consonants randomly strewn together to form what few words i know, i thought i might expound upon a concept here or there before tackling a chart or two. lets start with the key to what makes charting work. its a six letter word, VOLUME. and its not just the keynote to the charts, its also the linchpin to trading. lets examine why.
first off, think of the chart in terms of house building. you have the foundation of a room, one bound by a floor and ceiling, and sided by two staircases, one going up, the other going down. the range of any room goes from bottom to top, or vice versa, and there's a sealed door at both ends, leading to the room above or below. these rooms are all built and eventually filled with shares, the preponderance of which is at the floor (support) and ceiling (resistance). the more shares you have at either end, the more likely it is to break through the door. iow, just like in any foundation, you layer a floor with as much support as you can and you have to do this on every floor. but before you can place another room above the one below, you have to break down the door at the ceiling, and with the proper volume, that ceiling will become a floor to another room. and, volume dependant, this can go on for quite awhile.
so what you have here is a room with a staircase layered in shares, leading to another room, layered once again in shares. the room however, does not have to have the same dimensions. in point of fact, as you go up, the building takes on the shape of a pyramid, where each room needs less volume. the volume, however, when multiplied by the money value, carries the same weight.
lets look at INMG for example. this stock was range locked on the first floor (around .002) for quite awhile. when it broke through to the next level in late April, it did so with massive volume and reached a top of .032 that it could not hold because it had not created the necessary flooring to support the newer room. it then retraced, and over the course of more than three months built a series of new platforms with higher bases, until it finally got back to that room with a view. it then used the momentum, built through the accumulation of volume over time to move higher. but... once again, it did not have enough weight in volume to hold that newer high. and thus begins anew the layering of a floor from which to serve as a platform for not just the floor seen above, but also for any floors to come after.
so... follow the logic. the thinner the stock trades, the less secure the base. by the same token, the thicker it trades, the more secure the base. this is just common sense.
let me put it another way. if a lot of shares are transacted in a particular area -- keep in mind that every buy has an equal sell -- it means there's a greater participation from shareholders. ergo, those traders have more reason to be involved in the action than if they weren't invested.
btw, the chart, which on appearance looks to be made up of price points and patterns, is also a historical artifact -- it is fact based -- which can be broken down through the study of indicators. but as it is with the building of the chart, their relevance is best determined by volume. the more volume there is, the more relative the indicator.
had to take a little time off from being Walt Frazier, posting and toasting. the Hub does that to ya. i'm always fascinated by how many people on these boards have brokers licenses. SELL. BUY. HOLD. hey! it's not your money, its theirs. so don't let the longs go short, or the shorts go long. and fer' goodness sakes, pay attention. don't you know you're not supposed to make up your own mind? and why should you care about knowledge? the boards here are filled with trained posters who have only your best interests at heart. don't believe that crap about taking profit. or selling to keep from losing. JUST DO WHAT YOU'RE TOLD. afterall, isn't trading in a traders game folly? i swear there must be a law somewhere. or maybe its in the fine print.
::sigh::
but then, what do i know? i don't tell people when, where or how. and i don't depend on sites like stockscores and barcharts for an opinion. worse yet, i read the charts and the indicators all by myself. my God! what's wrong with me? lately i've been settling for three and four baggers. but as i asked, what do i know?
<snark> <snark>
greenwillow, good to see you here! my weekend was okay, and my week so far is pretty much as it always is. survival is the mode of every day. put a little ice cream on it, and there ya' go -- pie al a. or is it paella? well, what's the difference? simmered or chilled, life is full of extremes, and that's me in a nutshell. so how goes it by you?
as is my wont, the curious side of me wonders about your chosen username -- book, musical, or japanese folklore?
http://www.worldoftales.com/Asian_folktales/Japanese_folktale_30.html
did you know that Anthony Perkins starred in the play around the time he was in Hitchcock's Psycho? what a contrast. ah, the power of trivia. no wonder i suffer from brain cram. i'm a walking repository of the esoteric. but need i say more? it all comes out in my fingers. put them to the stroker, and boom! there it is. but hey! i see i'm going off on a tangent, working the curves and making my whey to cottage cheese. but its all good.
always hoping for the best,
rich
btw... feel free to post. i welcome the company.
hey, Ian... always appreciate your chiming in. its not easy to find cogent postings on the HUB, so all the more thanks. gotta put my fingers elsewhere, but have you read this board yet?
https://investorshub.advfn.com/OTC-IPOs-32479/
mark it and keep it for future possibilities.
i'll be back at ya' soon
rich
INMG chart
3 month daily. not hard to read the story. a look at the pattern, a series of waves -- cup rolls, i call them -- where the stock ebbs and flows. nothing unusual about it. it is the current history of the stock. the proof is there, right in front of your eyes. the technicalities, the moving averages and indicators give depth to the story.
so what do they say?
if you where to draw lines and look for a common top or bottom, support/resistance, you'd find that .014 and .017ish come up more than once. fact is, stock just moved up from that .0088 bottom roll without ever stopping long enough to build a base. and the 5 and 10 ma's are too fast to offer strong support. the 5ma in particular can be prone to whiplash. so when the stock overheated -- the rsi14 was over 80 and the rsi6 was over 90 -- the stock had nowhere to stop on its retracement path.
charts don't tell who is going to do what, they simply refer to the history as a basis and extrapolate that someone will trade. after all, isn't that what the stock is for. this chart was screaming, slow down. and that's what it did. and this is healthy.
a stock that runs away and goes up an elevator comes down even faster, especially when gravity takes hold. this retracement was a liile more pronounced than usual, but that's because the run was premature. there has not been enough volume and layering of support points. don't believe me? look at the steepness and uniformity of the indicators. they have all turned southward. which, btw, does not mean this is headed to the bottom. there's strong support here around .012 with both the 50 and 100ma's. there's also a triple top that was in place at .014. that can be a floor. just because a stock breaks a ceiling, a floor is not automatically put in place. it needs to be nailed down. anyone see a hammer at work on the run from .0088?
though nothing prognosticated is ever etched in stone, there's a good likelihood that this is a relative bottom for INMG. of course, for it to move up its going to need to hold .014 and break past the dampening 20ma line, currently at .0157. and it will prolly then have to test .017. the volume will determine the issue.
once upon a time people read charts to get a basis for their trading. they looked at the the math based moving averages, indicators, trend lines, etc., as well as taking in the visual tools tsuch as patterns and the order of the candlesticks, and that data was then filtered through the experience of the chart reader. using fact rather than fiction -- what binds all of that is that they are etched in historical relevance -- a trader/investor could develop a plan, short or long term, and watch to see how it played out. the universe is not a chorus built on a single emphatic word: BUY! or, SELL! but...
if you read the boards today, you see that there is very little depth plumbed in the way of proffering knowledge. its all soundbytes, quick pithy comments that say little. and when you read the non-chart DD, it never takes into account either the changes or the churning, both up and down, that goes on in the day to day happenstance of a stock. that, my friend, is a short sighted view of how the market works.
worse yet, in a world where civility is disappearing, there is always one right side, regardless of which side its on, and whether or not it actually addresses the masses, and no one is allowed to challenge whatever assertation is so stated. yeah! that works. TV is reality and reality is TV. what could be clearer? everything has a simple explanation. its all war. and they're the enemy. whoever they are. its they're fault. they! they! they! ah, paranoia. i know ya' well. i drink you in daily. you're everywhere. but the soup is thick, and the ladle large, a mouthful i can't seem to rinse. but i'm working on it. so where am i going here? 'da nile'. not the river, the word. its actually a word apropos when seen in two blocks. da for yes. absolutely no thinking required. and the river nile to infer being adrift. in simpler terms, when you are in denial, you are at sea and no longer grounded. fighting the stock gods counts as lunacy. need i write more?
there's a reason accumulators sit on a bid after a stock has a run up. they know that after a stock breaks a ceiling (resistance), a floor (support) doesn't get magically created. it takes time and volume to nail it down.
find a chart for EXAD and you'll see this has risen along the 5 and 10 day moving averages. these are fast trending lines that do not offer strong support -- for that you have to look closer to the 20 and 50ma's. they do, however, have a place in serving as technical tests for an upmove. generally speaking, the 10ma must hold if a stock is to continue its path northward.
the 10ma here is .003. that's an accumulation point. but its not a strong enough line to guarantee support.
the 50ma is just a tad under .0029. recognize that point? it was the recent ceiling. that's the area for the current floor. follow the volume. its been dropping. this is a low volume churn into the building of a floor, and a reset of an rsi in setting up the potential for a bigger run.
nothing goes up ad infinitum. retracements are a rule, not an exception.
best of trading to ALL
rich
looks like a low volume reset of the rsi14. i originally thought this would move through here and do the reset from a higher base. i may have been wrong. today, however, the 50ma has stayed at .0029 while the 20ma has moved up to .0025. this should have a big run when the divergence comes, the 20 going through the 50. that's the early golden cross and its currently on pace for no later than Wednesday.
at that point i look for this to begin to leg up to the year high.
just my .003, others may think different.
best of trading to ALL
rich
i'm always fascinated when i read boards that discourage trading. no selling allowed. just buy and hold. buy more, hold more. buy again, yada, yada.
**sheesh**
do those posters think that's good trading? heavens to murgatroyd. where do they think the shares they'll buy are coming from? if no one is trading, then maybe they believe in dilution. or maybe they think they'll squeeze the stock up and then they can sell the top. uh huh!
how do they think they'll get rid of their shares when suddenly everybody sees it reaching a top? it'll be a race to the bottom. but yeah! go ahead. take the liquidity out of the stock. that'll work.
gggrrrrrr...
i will state this once more, a stock that does not trade becomes illiquid. an illiquid stock does NOT float to the top. it sinks slowly, even in shallow waters.
todays blow-off in INMG, long overdue, is a natural extension of a stock that has traded up without solidifying a higher based platform. and it is nothing more than that. this is not capitulation volume; its not even remotely close.
there is only one reason to buy, and that is to make profit. there are reams of reasons to sell, including death, paying bills, taking profit, moving on, etc., etc., etc.
why posters need to find a source of the selling is beyond me. the fact that its selling should be a more than ample statement.
OBV is best used at the end of the day. though macd and ppo have gone negative, chiosc and accum/dist aren't down that much. iow, there are still buyers. otoh, stochs and williams heading to oversold. i wonder if news, good or bad, is around the corner.
best of trading to ya'
rich
good grief! have you people never seen a price correction in a stock? on the way to .0311 this had eight days in a row with a higher high. EIGHT! what did you think? that it was never going to come back down?
this stock was overheated and thus overvalued. the reason you want a stock to move up slowly, or consolidate back to a point more than once is so as to create a floor on which to stand. this is not just a metaphor, its a reality. there were no nails laid into the floor on the run up. this stock has retraced in search of a base to stand on. .013-.014 was the last stable resistance/support area on the chart and in the logs.
::sigh::
i'm probably not going to post here again. i've posted elsewhere about the charts, patterns and fibonacci's for INMG. i've a pretty decent handle on this stock, but i would like to gain greater insight. i'm smart enough to know i know little. so learning is essential for me. but it won't happen on this board as currently constituted. this board is mostly full of hype and soundbytes. all the DD is fine and good, but the market is about trading and there is very little discussion of that here. come on! you don't make money on a stock unless it trades. want to buy and go long? fine! its a valid strategy. but then you either limit or stop posting and worrying about the day to day trading. place your bets on your DD related target and go elsewhere. after all, isn't LONG a question of duration? an adjective or adverb that qualifies a noun. obviously not. i guess it must be a verb then, as in 'yearning'.
arghhhh!!! believe it or not, the principles of trading exist everywhere. there are no exceptions. and the sky is not falling in for INMG. 20-30M shares in a down day would be nothing. there are over 200M shares outstanding, and ALL trades are executed at both ends, sell and buy. iow, volume is not a one way street, and even if it were, stocks get double traded and washed through a range. for goodness sake! this stock is only now entering oversold territory.
i don't mean to be harsh -- well, yes i do -- but this board is a waste. there has been very little give and take and help in understanding how a stock trades. a newbie would learn 'bupkis'.
btw, i posted on this board that this might test the 50ma. and that's sans news. other than the trading itself, anyone seen a bad news filing or pr? no? then learn to read for signals. its not rocket science. and one more thing, make sure you date the stock before you marry it. divorces can be costly.
good luck to ALL
rich
rsi14 is a little high for a very near term bigly run. it will start to get overheated in the high .0050's, low .006's. that said, i think EXAD will break the .0038-.0042 ceiling shortly and run towards that .006; and then pull back to consolidate through the .004's. i suspect the explosion will come with an early golden crossing of the 20ma over the 50ma -- currently .0024 and .0029 respectfully.
of course, just my wild assed rendering of the chart. all who read me are free to disagree. my views are here to use, lose or abuse.
best of trading to ALL
rich
ASKH
added 25k @ .007, now holding 50k @ .0075. still a starter position. thin and somewhat illiquid, could have scarfed another 35-50k, but i'm money managing and trading principles. max daily is $1k and already spent $815 today.
i expect to be back for more as funds stay or come liquid.
initial target is the gap fill back to the open space .025 - .03.
hey, buddy... wish you hadn't responded to him. at least not here. now i had to make a point. or was that a pint? when your spatiality is somewhere in another constellation, you take whatever you can. i'm preferable to dark pilsners.
Caracus to ya'
rich
hi bux, how are you? i'm going to make a response to your post, the basic gist of which is "excusez moi?" pardon my fried french, but... so what? traders trade. its the perogative. i could care less. this is my board. i'm interested in food for fodder. doesn't have to only be about stocks. i welcome friendly banter. all i ask is that there be thought and substance, rather than echo and soundbyte. talking of other traders, and doing it in all caps -- i read just fine. no need to shout -- is a waste of bandwidth.
do you do charts? or TA? have a strategy, or an insight to trading? hmmm... have you any editing shears? i obviously need help, so feel free to pose here. but... please offer more, not less.
thanks, best of trading to ya'
rich
low volume churn. not enough volume or pressure on the ask to move it. meta speakwise, ya' can't lead a horse to water. but if you build a road wide enough it'll only be a matter of time before the traffic begins to flow.
i'm with you. i think the chart is setting up bigly. but what do i know?
best of trading to you and ALL
rich
hmmm... another day, another way, another weigh me down in milk curdled and strained, its the whey of the world. alright, so that's a little cheesy, but you never know when another contributing editor is going to show up and prune my stuff. its why i'm giving my fingers license to run loose, dribbling similes and metaphors, liberally tossing off vowels and consonants, all of it spliced inside a series of puncuative characters. its a cast of 26 of 14 and 10. do the math. fifty different ways to slay your message.
"and what message is that," you may ask? off hand i'd say i probably don't have an answer. at least not off the top of my head. which may explain why i'm losing my hair. except for the players assembled by my fingers, everything rises and disappears in thin air, leaving me to the endless ponder. and that brings me to the market and the sum of today, that some is not happening enough. i'm playing horseshoes. can't get that ringer. close, but no lighting the Havana. want to take a look?
EXAD should have left the station. reasons?
1. the chart is positive: 5/10/20 ma's are in line. 20 crossing over the 50 is in sight. buying, momentum and trends are northbound. only thing missing is the pressure on the ask; cmf is not yet green.
2. the stock structure is relatively fixed.
3. nice form 4's.
4. positive 8k.
5. near term forward event arriving by the end of the month.
all that represents some very good spin. the story is getting better. so where's the volume? and why hasn't the resistance at .0038 been Borged?
MKRS good god! did i read this right? are they really expanding in to the commercial market and getting involved with the Internet? where's the market interest?
RJDG had interesting news yesterday. it wasn't well written, but it was positive. so why is the pressure on the bid?
good grief! isn't that enough grousing? why should i let my fingers keep working the stroker? haven't they wasted sufficient white space to show my port walking a treadmill? been only one change worth noting. took a second position in INMG today. stock bounced off the 20ma around .0155. i grabbed 50k at .0162. they're tradable. i already have a secured core position -- 150k, profit averaged up to .008.
all right, fingers. say good-bye.
Buenos Aires!
after running up a pole to .032, a bull flag was formed in late April, and since then there have been a series of consolidating cup and handles within the larger cup itself. the breaking off of another handle is pretty standard.
best of trading to you
rich