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on the day so far: a look at how my recently charted are playing
MLHC still playing to the fibs. retraced to the Fib50% .0015 -- there weren't enough shares at .0014. its consolidating nicely here, and has already bounced back towards the open at .0019. should it close even the candle would be that of a dragonfly doji. it would be a sign of strength; a statement that after the stock was pushed down it came all the way back
DMAN talk about sleeping at the wheel of my car, this one has pulled over for a siesta. with no volume to speak of the one thing to note is it is holding its recent bottom. but... yeah! volume could take it either way.
FTEG tested the support of yesterdays break over .001 in the morning. here in the afternoon its begun to test the resistance at .0016. this is getting g accumulated. its in play.
PCLI quiet day, but, unlike the days unto weeks unto months unto years of no trading, it did some small volume. and its holding this .0004/.0005 area. that's a step up from the recent move up to .0003/.0004. ask blocker has returned but... does someone know something. i certainly don't.
RJDG had revenue bearing news today, which got a yawn from the market. needs volume to break out from this down slope.
ASKH decent volume for how thin it is, but its mostly bid sitting. i know how bid buys can represent support, but... cue me in. how does it move the price up? well! someone is happily scarfing up cheap shares.
CNHC hasn't reacted to the custodial court hearing tomorrow.
**might do some chart reads later**
DMAN chart update
the recent uptrend is still in place. it bounced off both the 10ma, a technical test of the upline, and the 200ma, which had been the resistance, and closed just above the 5ma. this implies the possibility of a strong base with solid support on the slow line.
seen through the chiosc and a/d, there appears to be some accumulating going on. the cmf shows good pressure on the ask, and the momentum indicators -- ppo and macd -- are both showing continued strength. this could be getting ready for a bust out. definitely one to watch.
PCLI FTEG
haven't a clue why, but PCLI looks like a move is in the making. doesn't have an oversized OS, and, whatever overhang is out, it doesn't appear to be much. i've noticed an ask blocker, but he's been running away when the volume is on the ask. this is trading up and thin. i'm suspecting a move to nigh .001 this week. its come from .0001 x .0002 to .0004 x .0005 w/ a year high of .0006 and the rsi hasn't even entered the power zone.
https://www.barchart.com/stocks/quotes/PCLI/technical-chart?plot=CANDLE&volume=total&data=DO&density=L&pricesOn=1&asPctChange=0&logscale=0&indicators=SMA%285%29;SMA%2810%29;SMA%2820%29;SMA%2850%29;SMA%28100%29;SMA%28200%29;BBANDS%2820,2%29;PTP%2850%29;BOLLW%2820,2%29;RSI%2814,100%29;RSI%286,100%29;SMACD%2812,26,9%29;PPO%2812,26,9%29;ADX%2814%29;WILLR%2814,40%29;STOSL%2814,3%29;STOFA%2814,3%29;SRSI%2814,20%29;CCI%2820,100%29;ACCUM;CHKOSC;OBV;CHKMF%2820%29;MFI%2814,100%29&sym=PCLI&grid=1&height=500&studyheight=100
FTEG had filings for the first time since 2014. it has a low float, 200M, and there appears to be some sort of new business, or reverse merger taking place. there's resistance here, on the chart, from .0014-.0016 and up to .0022. a confirmed break on the bid at .0024 sets up a test of the year high at .004
https://www.barchart.com/stocks/quotes/FTEG/technical-chart?plot=CANDLE&volume=total&data=DO&density=L&pricesOn=1&asPctChange=0&logscale=0&indicators=SMA%285%29;SMA%2810%29;SMA%2820%29;SMA%2850%29;SMA%28100%29;SMA%28200%29;BBANDS%2820,2%29;PTP%2850%29;BOLLW%2820,2%29;RSI%2814,100%29;RSI%286,100%29;SMACD%2812,26,9%29;PPO%2812,26,9%29;ADX%2814%29;WILLR%2814,40%29;STOSL%2814,3%29;STOFA%2814,3%29;SRSI%2814,20%29;CCI%2820,100%29;ACCUM;CHKOSC;OBV;CHKMF%2820%29;MFI%2814,100%29&sym=FTEG&grid=1&height=500&studyheight=100
MLHC chart/fibs follow-up
as noted in the linked post, this has been playing to the Fib extensions from off the retracement. the candles of the last two days were from .002-.022 and .0019-.0022, or, more apt to the analysis, averaged out as .0021 and .00205. the Fib61.8 was .0021. the fact that it didn't average up suggests a retracement. so....
in talking with Mr. Fibonacci i told him i saw a run begin at .0008 -- though it bottomed at .0007, it closed that day at .00108, and then pulled back to a bottom of .0008 -- and from therein it went to the top of the highest candle, which was .0022. if a retracement is in place, where did Mr. Fib say it would go?
fib 23.6% .0019
fib 38.2% .0017
fib 50% .0015
fib 61.8% .0013
fib 76.4% .0011
iow, todays low of .0017 was a perfect fib. should this continue to play to the fibs, it will prolly test .0015, or even .0013. given the volume, or lack of its excess, i consider this to be a very healthy low volume retracement.
anyone wondering why its healthy? very simply put:
1. it nails down the base for a higher platform. this just ran from .0008. if the pullback is to .0013 or thereabouts, isn't that a higher base?
2. it keeps the chart from being overheated. lessens the reasons for system traders to sell.
3. it exchanges traders who bought lower for traders at a higher level. those who bought low are more apt to sell. hence the term 'stronger hands'.
4. it washes the range. notice the dwindling volume?
5. and, lastly, it gives accumulators the opportunity to... yup! accumulate.
now a look at the chart.
i'm beginning to think the pattern is that of a pennant off of the pole. its a continuation pattern. the confirmation of a strong uptrend was in the lining up of the moving averages. today this closed on the 5ma, currently at .0019. a hold of that support would be a another indication of just how strong this is; but, in trading at .0017, it pierced the support and approached the 10ma at .0016. i suspect there will be a test tomorrow of that support line. it could even test the 20ma at .0015. this, btw, does not represent a breakdown on the chart. fact is, these are the kind of technical tests a stock goes through on its way up. every bounce off of the support builds a bigger base at that point. this is why one so often hears the terms double bottom, triple bottom, and so forth.
one last note: the volume tells a tale. the retracements and bounces here
are all happening on lessening volume. iow, this is the consolidation period. for this to be a sell-off, the volume on the way down would have to spike, and you'll know that's it dilutive should the price retreat on ask trading. at this point in time, that is most unlikely. but, hey!!
** just a side note, i'm more than willing to discuss or have my analysis
critiqued. but the majority if ihub-ers, for all their talk, don't know much about research. find me if you can! you're welcome to come here **
https://www.barchart.com/stocks/quotes/mlhc/technical-chart?plot=CANDLE&volume=total&data=DO&density=L&pricesOn=1&asPctChange=0&logscale=0&indicators=SMA%285%29;SMA%2810%29;SMA%2820%29;SMA%2850%29;SMA%28100%29;SMA%28200%29;BBANDS%2820,2%29;PTP%2850%29;BOLLW%2820,2%29;RSI%2814,100%29;RSI%286,100%29;SMACD%2812,26,9%29;PPO%2812,26,9%29;ADX%2814%29;WILLR%2814,40%29;STOSL%2814,3%29;STOFA%2814,3%29;SRSI%2814,20%29;CCI%2820,100%29;ACCUM;CHKOSC;OBV;CHKMF%2820%29;MFI%2814,100%29&sym=MLHC&grid=1&height=500&studyheight=100
Big Bro,
something i'm curious about. can a form 15 filer uplist from Pink Current to OTCQB?
i saw that one of the requirements was:
confirmation that the Company is current in its SEC reporting obligations and has filed all reports with the SEC, that all financial statements have been prepared in accordance with U.S. GAAP, and that the auditor opinion is not adverse, disclaimed or qualified;
so does that disqualify dark or alternate reporting stocks
oh... and, btw, there's this, too:
submit an application and pay an application and annual fee;
got that? want to be listed? pay us!! and paay us again (and again and.....)
as always, best of everything to ya'
rich
this is wrong. charts on big caps are way more accurate than they are in the pennies, and thats because they tend to be stable and the volume, which is key to the accuracy of a stock, is generally a constant. quite awhile back i did some charting for a couple of pink sheet start-ups. it was my job to help them time their releases, and find the best moments to sell or buy back shares -- these guys needed to use their shares to compensate for their lack of funds. i can honestly tell you from experience that it gets really hard to chart a stock when the volume tapers off, and the lack of liquidity causes the stock to whipsaw between highs and lows.
both technicals and fundamentals have their place, but they both work best when they're on the big board.
and, btw, everyone pays attention to gaps. they are a standard everywhere. for example, an island gap is an extremely good indicator of a reversal of primary or intermediate trend.
people shouldn't sell charting short.
best of trading to ya'
rich
north, its a traders game, so obviously its the traders who make or break a stock play, but that's not a slight on the impact of the tools that are out there. charts, indicators, candlesticks, fibs, elliot waves, my goodness! there's a reason they're used. they been proven to work. now that's not to say they are always right, but they are more often than not.
hell! i've posted the Fibonaccis here, and they have been nearly exact. i also correctly called the bounce off the 10ma when this retraced back to .0007. and if you haven't noticed, nearly all my chart postings and readings here have been relevant.
and, btw, the impeccable georgie18, a chartist worth his weight in gold, has charted G-r-d-o to a tee. i'm not bad, but he's the best penny chartist on the Hub.
ya' know, i still don't understand the grousing. T/A isn't the end all, be all. but it is what it is. a tool that can be used effectively.
take care,
rich
Wall, regardless of everything, we ALL have an agenda. i just happen to like comparing and sharing knowledge. as for getting beat up, if you look for it you can read my 'diatribe'. that is unless it gets deleted by the yucks! that are the powers to be on the Hub.
frustration is just another way of burning calories. it keeps me thin.
best of everything to ya,
rich
bro, i'm seeing a lot of billion plus floats run. and i don't just mean jog, i'm seeing them sprinting away. i recently looked at a stock where the authorized is 100 billion and the outstanding issued is 79 billion. its a 'pink no-no' at OTCMarkets and today on 183M, a small volume day, it traded from .0004 to .0012. its been as high this year as .0038.
hell! i'm currently in a stock with a float over 4B that in this month alone has come from no bid to .0021. in the game of trades, liquidity is king.
best of trading to ya'
rich
i'm not sure i'm following what you're trying to say, but i'll say this much: charts are not used for excusing anything. in point of fact, a chart is merely a historical artifact that represents the past, not the future. where the chart may show the present, its only by extrapolation that one uses it to project what will be, and there is no guarantee in that rendering.
what good chartists learn to do is how to read the signs to gauge the possibilities, and then they play the odds. its not much different from counting cards when playing 21.
happy trading,
rich
sad to say there aren't many who think like us. i read so many people telling others how to trade, and when not to sell based on their --the bemoaners -- sense of greed. i wonder, do those same posters wait to sell or buy based on someone elses words?
i don't know about them, but i can and will only speak for myself, hence all my decisions belong to me, and me alone.
thanks for backing me up!
best of trading to ya'
rich
yes the very low .002's -- .002! i posted the chart and data. but hey! have at it!!!!
people, if you want to correct me, all i ask is you post or link the facts! i am more than happy to be wrong. there's no learning if you never make mistakes, and i have made more than my share. can ya'll dig it?
me thinks 'wailing' is fruitless. i'm not happy at the way this has traded, but it had its day, and will likely have another. all in due time. these shares here just might be seriously undervalued. of course, nothing is ever guaranteed in this game, so i said 'might be'.
best of trading to ya'
rich
i hope people realize that retracements and churns are healthy actions that keep a stock from traveling to heights too quickly. below an elevator is a steep fall. that's why i like to work with the analogy of building a house when i watch or play a stock.
so...
imagine a house where a room is the range that a stock trades in, and the rooms are all placed one on top of the other. each room has a floor (support), a ceiling (resistance), and a staircase that leads up to a trapdoor into the next room. when the resistance is broken, and turned into support, a new ceiling is placed above. in an orderly stock, one on the upswing, a staircase is then laid down, step by step, with the shares traded serving for nails. the greater the volume at each step up, the stronger the foundation.
MLHC is trading like a champ, riding and testing the moving averages, and washing the ranges. and its the sellers that are providing the nails. try not to belittle what they do for you. and remember, everyone will eventually be (or want to be) a seller. so carping about the trading strategy of anyone else is small-minded. i congratulate all those who make profit, no matter where they exit.
happy trading to all
on the trail, its rich pearl
i linked to the chart; you can see it there. but just in case you need to see the numbers, here's a link to the historical data.
https://ih.advfn.com/stock-market/USOTC/m-line-holdings-inc-pl-MLHC/historical/more-historical-data
best to ya'
rich
um... this stock has never closed at .0021 on this run. it had a high of .0023 on the 12th, but closed at .0014.
and, btw, todays retracement was a healthy test of the support on the 5ma. could close higher tomorrow.
best of trading to ALL
rich
https://www.barchart.com/stocks/quotes/mlhc/technical-chart?plot=CANDLE&volume=total&data=DO&density=L&pricesOn=1&asPctChange=0&logscale=0&indicators=SMA%285%29;SMA%2810%29;SMA%2820%29;SMA%2850%29;SMA%28100%29;SMA%28200%29;BBANDS%2820,2%29;PTP%2850%29;BOLLW%2820,2%29;RSI%2814,100%29;RSI%286,100%29;SMACD%2812,26,9%29;PPO%2812,26,9%29;ADX%2814%29;WILLR%2814,40%29;STOSL%2814,3%29;STOFA%2814,3%29;SRSI%2814,20%29;CCI%2820,100%29;ACCUM;CHKOSC;OBV;CHKMF%2820%29;MFI%2814,100%29&sym=MLHC&grid=1&height=500&studyheight=100
been 'sum' outstanding predictions on your part. MLHC has been falling upwards and has now closed green 7 days in a row. my goodness! i used to think even a stopped watch would be right twice a day, but you haven't missed a beat.
you sure do know your stuff!!! keep at it.
and, btw, you were so right about R-s-h-n not running higher. i know at least 3 traders who were literally devastated at having to sell the millions of shares they bought below .0005 at .006-.007. one particular fellow was so over- wrought after parting with the 40M he'd gotten between .0001 and .0002, that, after settling for a mere $250,000, he took his family to Europe and spent a month slumming in luxury hotels. simply heart-breaking. ::sigh::
Corky Siegel 'Half Asleep at the Wheel' lyrics
I'm like a blind man driving,
Down both sides of the road,
I got nine hours behind me,
I got nine more to go
I'm half asleep at the wheel,
I'm half asleep at the wheel, but I'm only half a day away.
I've got my foot down to the floorboard,
I'm in a one-car race,
My radio is slapping
Country tunes across my face
I'm half asleep at the wheel,
I'm half asleep at the wheel, but I'm only half a day away.
My eyes stay open dreaming,
About sleeping in my bed,
Sinking deep into my pillow
'til I gently lose my head
I'm half asleep at the wheel,
I'm half asleep at the wheel, but I'm only half a day away.
This coffee just ain't working,
But I'll try another cup,
If my baby were here with me,
She'd know how to keep me up
I'm half asleep at the wheel,
I'm half asleep at the wheel, but I'm only half a day away.
I've got all my windows open,
I got my head out in the wind,
I've got JC on the dashboard,
Just in case I need a friend
I'm half asleep at the wheel,
I'm half asleep at the wheel, but I'm only half a day away.
These pretzel sticks and bennies
Don't give me much relief,
I've got one eye on the State Patrol,
The other eye is asleep
I'm half asleep at the wheel,
I'm half asleep at the wheel, but I'm only half a day away.
My head is getting heavy,
My eyes are killing me,
If I don't keep them open,
I'll be looking up a tree
I'm half asleep at the wheel,
I'm half asleep at the wheel, but I'm only half a day away.
Ian,
NRPI had a strong day. good volume and a psar flip to light the big candle. this pierced the bollies. next resistance looks to be in the area .005-.0055. could go there tomorrow and then pull back. going to need to absorb the spike, but hey! this is garnering some attention. the game is on.
nicely played, mi amigo!!
https://www.barchart.com/stocks/quotes/NRPI/technical-chart?plot=CANDLE&volume=total&data=DO&density=L&pricesOn=1&asPctChange=0&logscale=0&indicators=SMA%285%29;SMA%2810%29;SMA%2820%29;SMA%2850%29;SMA%28100%29;SMA%28200%29;BBANDS%2820,2%29;PTP%2850%29;BOLLW%2820,2%29;RSI%2814,100%29;RSI%286,100%29;SMACD%2812,26,9%29;PPO%2812,26,9%29;ADX%2814%29;WILLR%2814,40%29;STOSL%2814,3%29;STOFA%2814,3%29;SRSI%2814,20%29;CCI%2820,100%29;ACCUM;CHKOSC;OBV;CHKMF%2820%29;MFI%2814,100%29&sym=NRPI&grid=1&height=500&studyheight=100
DMAN weekly chart
this looks to be breaking out of the .004-.008 channel. the candle has pierced the bollies, and there is no real resistance once past .011. the next moving average that stands as resistance is the 200ma and that's at .046. with the right volume and momentum this could easily go to .02 (and higher.) i'm looking at you there mr .0225!
yada, yada
maybe i should have dumped the last of my TGRP -- holding 500 @ .50, already covered, cleared and pocketed since last sells were at 1.50 and 2.00 -- when this had a bid of 800 shares at 1.45. that was yesterday. but after nearly an hour, that bid disappeared with no trades and went to 200 shares at 1.05. nope! i'll wait.
someone is buying the .0003's in PCLI. though the volume is slim, just 2.5M, not enough to move a low trip zero issue, its the fourth day in a row with some volume and when you consider it traded barely at all for nearly 8 years... well! wish i knew why its getting the attention its gotten, but i'm not complaining. just trying to be patient.
the 20ma in ASKH has begun crossing the 50ma. today this rode the 5ma to the top of the bollies. its broken into the RSI14 power zone and looks to be under quiet accumulation. this is super thin and should run hard once past the 200ma at .0375
this would be a very timely moment for a filing and some good news regarding the merger. with the right news, this could test the year highs in short order.
on Tuesday, SOAN failed to confirm the bullish hirami reversal signal that was on the chart, and, then, todays candle was red. the bollies have turned south, and this has begun to exhibit signs of getting oversold. looks like its going to test the support at .02, and if it can't hold there this could go back to the old resistance around .014, or even all the way back to .01.
i would like to be a buyer, and i've freed up some powder. i'm left then to ask myself: do i try and grab them here? or wait to see if i get them lower?
i'm going to opt for the latter.
DMAN chart
interesting day. new symbol for the name change. as predicted yesterday -- oh wait, that post disappeared with all its data because i was not generous to the genius postess who suggested it needed to r/s to quickly get from .0075 to .01 -- it broke out today and traded the penny.
lets go the chart.
bollies widening. support growing. bounced off the 50ma. 20ma about to cross over the 50ma -- that's an early golden crossing.
closed on top of the 200ma. could be turning it into support.
volume was up, and a few holders took the opportunity to divest, but it needed the shares. this trades thinner than it should.
CCI and StochRsi are heralding a possible run.
RSI14 enters the power zone around .01. shouldn't show as overheated until it gets to somewhere around .014.
but...
got a small gap on the chart just below .0059. and the candle is a spinning top. the longer shadow on the top infers some exhaustion. this looks to be in play, but tomorrow will tell us whether this is going to have to grind its way up, or whether it will run.
MLHC chart
another nice day. candle was the Fib50% -- .0018-.0019. next stop is the Fib61.8% at .0021, which, coincidently, is the PSAR flip. this is all playing out as textbook. the next Fib after this is at .0029.
now lets look at the chart.
bounced off the 10ma, turned it into support.
5ma crossed over the 10ma. all moving averages are aligned, fastest over slowest. after riding the 5ma for 3 days, this has begun to head to the top of the bollies.
psar flip tomorrow at .002/.0021 lights a candle. sets up the run.
williams and sto's have turned northward. iow, there's more buying than selling.
accum indicators -- A/D, ChiOsc, OBV -- are rising. shows the float being eaten as buyers buy more and sellers sell less.
there's growing pressure on the ask -- CMF
PPO -- it reacts to the change of momentum quicker than the MACD -- is diverging upward.
now we're just waiting on the CCI and StochRsi to herald the breakout.
all in all, past .0021 this could begin to run hard. volume will be key. this one is ready!!
https://www.barchart.com/stocks/quotes/MLHC/technical-chart?plot=CANDLE&volume=total&data=DO&density=L&pricesOn=1&asPctChange=0&logscale=0&indicators=SMA%285%29;SMA%2810%29;SMA%2820%29;SMA%2850%29;SMA%28100%29;SMA%28200%29;BBANDS%2820,2%29;PTP%2850%29;BOLLW%2820,2%29;RSI%2814,100%29;RSI%286,100%29;SMACD%2812,26,9%29;PPO%2812,26,9%29;ADX%2814%29;WILLR%2814,40%29;STOSL%2814,3%29;STOFA%2814,3%29;SRSI%2814,20%29;CCI%2820,100%29;ACCUM;CHKOSC;OBV;CHKMF%2820%29;MFI%2814,100%29&sym=MLHC&grid=1&height=500&studyheight=100
diatribe time
i think i'm going to hang here. do a few charts. run some numbers. glom some facts, and rule my own universe, where i don't have to read the drecht that is most of the hub, when bilious, bloviating blaggards braying braggadocio are the norm with little exception. not to mention running afoul of pontificating polemicists taking umbrage at both my words and my data points.
did you know its a TOS to criticize (or even use the word) m/o/d?
that asking the question 'are you kidding me?' and suggesting a post had a thought that was ludicrous is mean-spirited? or that the word 'folly' is over the top?
and stating that the majority of posts on a board lacked intelligence was a TOS.
oh yes, i've had many posts flagged for my attempts at some sort of 'delectus desideratum' in snark mode. but, then, i'm not really the sort of poster who the Hub desires. for one thing, i don't tolerate idjits easily. worse yet, many of my posts are databased. and that, too, doesn't play well with the powers that be.
but that's not all. i've had posts with charts, trading logs, fibs, and snippets from filings ruled as off-topic.
and the best was when i had a post where i named some particular posters as worth following, and was informed that mentioning other posters is TOS. of course that post vanished. far be it from me to have realized ALL posters are worth reading. that is if you call the reading here reading. personally, i think its all in Morse Code.
oh, yeah, no doubt it... i'm an unruly ruffian with a razor sharp keyboard and my opinions of others should be kept to myself because they are opinions and not fact.
otoh, i've been called a pompous, narcistic, full assed-backward 'fracker' and piece of you know what who loves to hear the sounds of his own voice. that piece of calumny was not flagged. obviously it is fact, not fiction.
so, thank you ever so much Hub. now go lick my bicycle seat!!!
wow!! what a nasty post. think it'll pass muster. or should i put some ketchup on it?
very kool! i just may have to study up on wave theory for my knowledge base. every day of learning has a ray of sunshine in it.
who would thought just a few months back, that the TA here could be so much fun? of course, a run always changes attitudes.
nice work, Bear
rich
chart continues to firm up. the 5ma has crossed over the 10ma. all moving averages are now aligned. the time is nigh at hand. a trade at .21 flips the psar, lights the candle, and sets off the bigger run.
best of trading to ALL
rich
People get ready
There's a train a-coming
You don't need no baggage
You just get on board
All you need is faith
To hear diesels humming
You don't need no ticket
You just thank the Lord
https://www.barchart.com/stocks/quotes/MLHC/technical-chart?plot=CANDLE&volume=total&data=DO&density=L&pricesOn=1&asPctChange=0&logscale=0&indicators=SMA%285%29;SMA%2810%29;SMA%2820%29;SMA%2850%29;SMA%28100%29;SMA%28200%29;BBANDS%2820,2%29;PTP%2850%29;BOLLW%2820,2%29;RSI%2814,100%29;RSI%286,100%29;SMACD%2812,26,9%29;PPO%2812,26,9%29;ADX%2814%29;WILLR%2814,40%29;STOSL%2814,3%29;STOFA%2814,3%29;SRSI%2814,20%29;CCI%2820,100%29;ACCUM;CHKOSC;OBV;CHKMF%2820%29;MFI%2814,100%29&sym=MLHC&grid=1&height=500&studyheight=100
hey GW, are you ready for the train a'comin'?
haven't posted here in awhile -- come to thunk it, haven't read much here either gut i thought i'd take a gander at the thoughts here. and wouldn't ya' know it, i had to reply to the first one i read.
::sigh::
i'm still looking for that distant constellation. Camelopardus would do the trick.
take care,
rich
that's awesome. i like to think we are all on these boards to share and learn from each other. not many people know it, but many of the default command line Stockchart charts used on the Hub are of my design. too bad Stockcharts doesn't have a chart for MLHC.
btw, to give credit where credit is due, i first built my default chart using the directions i found on kgoodrich's Seasonality board.
happy trading
rich
i'm with you on this. i don't see this as having come to the 4th wave.
jeez.... charts, candlesticks, fib's, elliot waves... we 'be' swimming in technicals here.
best to ALL
rich
sad to say, its more like unwanted. this is seriously undervalued, but, then, lots of 'traders' -- if you can call them that -- only trade in volume, and then they buy and sell direction. its not the strongest of strategies.
generally speaking, whenever a price kicks up, so too does the volume. seems that right now its too low to entice those kind of buyers. ya' know, the ones who buy high, and maybe sell low. they're certainly not the ones who buy when no one else does. unfortunately RGDJ is a tad low in the latter kind of traders.
this will have its day. hopefully before the year is over, but...
best of trading to ALL
rich
for those who like or care about charts, today's doji -- MLHC opened and closed at the same price -- is generally some sort of pause sign. it reflects the relative equality in both the buying and the selling. if you go to the chart linked below and look at the indicators you'll see that nearly all the lines -- sto's, williams, a/d, chi osc, adx, yada, yada -- are all flat. this low volume consolidating retracement -- just take a look at the dwindling volume through the last six days. its taking less and less to move this up --is a very healthy sign of the present strength of this stock. we are following the breadcrumbs back towards the recent highs; its all part and parcel in the building of a higher based platform from which to launch the next leg up.
though the 5ma has not yet crossed above the 10ma its close, when that happens the moving averages will be lined up, fastest to slowest, and, this, too, is a clear confirmation of a continued upward trend.
i look for MLHC to further wash the range .0017-.0019 in the morning, and to test the resistance at .002/.0021 no later than Thursday.
as always, other chartists may think differently, so feel free to disagree. my posts are yours to use, lose or politely abuse.
best of trading to ALL
rich
https://www.barchart.com/stocks/quotes/MLHC/technical-chart?plot=CANDLE&volume=total&data=DO&density=L&pricesOn=1&asPctChange=0&logscale=0&indicators=SMA%285%29;SMA%2810%29;SMA%2820%29;SMA%2850%29;SMA%28100%29;SMA%28200%29;BBANDS%2820,2%29;PTP%2850%29;BOLLW%2820,2%29;RSI%2814,100%29;RSI%286,100%29;SMACD%2812,26,9%29;PPO%2812,26,9%29;ADX%2814%29;WILLR%2814,40%29;STOSL%2814,3%29;STOFA%2814,3%29;SRSI%2814,20%29;CCI%2820,100%29;ACCUM;CHKOSC;OBV;CHKMF%2820%29;MFI%2814,100%29&sym=MLHC&grid=1&height=210&studyheight=100
i'm a bottom busting chart guy. because bottom feeding often takes a while to play out, most of my entries are not primed to the time. i've traded this twice in the past year. both times for quads. its thin and while that pushes it to periods of illiquidity, it also offers multiple integer advances as versus having to play some range for a percentage gain.
in essence, i like both the chart and the structure of this stock, as well as the potential for a material event bust out. a run from here to .08 just on speculation would not be out of line, nor would it take this into over-heated territory.
of course, thats just my .0224, and no one should ever play a stock simply on my say so.
best of trading to ya'
rich
i am always fascinated by how often traders turn out to be experts in how to run the companies whose stock they buy. i'm surprised they just don't form their own collective and buy out those companies, after all...
snarkly anyone's
rich
a lot of traders will chance a pullback to see if a stock keeps running. and if it doesn't keep going, then the difference between selling at .0016 and .0017 is not quantitatively much different.
hell!! a sell at .0015 versus a sell of .0017 is still almost 90% of it.
ya'll put too much emphasis on hitting highs and lows. one of the more important facets of good trading is in protecting profit.
good luck to ALL
rich
ah, yes! Jimi Hendrix style!!!
If you can just get your mind together
Then come on across to me
We'll hold hands and then we'll watch the sunrise
From the bottom of the sea
But first, are you experienced?
Have you ever been experienced?
Well, I have
I know, I know you probably scream and cry
That your little world won't let you go
But who in your measly little world
Are you trying to prove that
You're made out of gold and, eh, can't be sold
So, are you experienced?
Have you ever been experienced?
Well, I have
Let me prove you...
Trumpets and violins I can hear in distance
I think they're calling our names
Maybe now you can't hear them, but you will
If you just take hold of my hand
Oh, but are you experienced?
Have you ever been experienced?
Not necessarily stoned, but beautiful...
are we showin' our age, or what?
a rather interesting choice, but i've been known to be a tad anglophobic. wonder what that sez' about me? i suppose i'm just a sick puppy.
wuff
n. chiefly British slang,
1. an onomatopoeic word for an airy release of gas from the sphincter that creates the sound 'wuffffff'. Very often has a more potent smell than other variations of anal gas, perhaps due to the presence of an imminent poo poo.