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Technical analysis + improving share structure + potential catalyst = good risk reward.
We must remember that anything can happen and we have absolutely no idea what will in fact happen. Every moment in the market is truly unique.
That being said, this name is giving us a high risk reward potential. The probability is skewed in our favor as evidenced by the information I laid out in the previous messages.
The weekly timeframe gives us a technical analysis perspective.
From a fundamental analysis perspective, we have a decreasing share structure.
We also have several potential catalysts.
Just keep zooming out to that larger weekly timeframe and you will see that we are in a good place. We are building out higher lows and higher highs.
When you build a solid foundation or a solid base, this gives you a place from which to launch higher.
We would much prefer a solid technical base to be built out on a larger timeframe like a weekly. That is precisely what is happening.
Perspective…
To me, I see a series of higher lows and higher highs.
Anyone agree?
Can anyone tell me what they see on the weekly frame of $cgra?
I couldn’t agree more
Neither otters nor others…
Here is the link if you want to track and watch for yourself. Best not to rely on otters…
https://www.otcmarkets.com/stock/CGRA/security
Looks like both the OS and restricted reduced 20 million shares each as of last night.
Can anyone confirm that?
Wow. Simply amazing
This will move at least 10% tomorrow
I do not know the direction, just that the Volatility will be large
Haha but the thing is…
Nobody reads them lol.
You just scan for certain names and just scroll past. So it’s wasted energy
What would you rather see?
Red bar on high-volume and green bar on low volume?
OR
Red bar on low volume and green bar on high volume?
Theres is that support line again. So dang powerful. I’ve been preaching that for weeks now
So we break the trend line down,
Then we reclaim the symmetry line,
We would then expect a retest of that symmetry line
We got that. This is trading textbook. The way that this is trading has been a clear shift in character.
I have no idea what will happen, but probability says this is not retail trading
Re-claimed not re-cleaned
When we make long-term trend lines, they represent symmetry. Above the line and it tells you bullish sentiment and below the line it tells you bearish sentiment.
So when we break a long-term trend line, to either direction, it gives us a powerful change in character of the stock and we can take a trade in the direction of the break
However, when we break the symmetry line, and then it is extremely quickly re-cleaned, that is telling you something loud and clear.
This is not related to CGRA, but is a fundamental part of chart analysis. You don’t need anything tricky. You can win this game with the fundamentals
Dang, draw that trend line starting 8/6/21 and connect the dots.
That recent undercut and rally is very telling.
Timing wise, I have absolutely no idea
Holy smokes! Where did you get your information?! That’s amazing. Please link.
I couldn’t seem to determine if they do or do not have any oil. Up until I read your post, I simply just didn’t know. But anyway, I would love for you to share your source. Thank you!
I have absolutely no idea what is going on with this company. I don’t read the filings and I don’t read the news. But this chart speaks.
Something is for sure up. Could be good, could be bad. I don’t know.
Disclaimer, I’m long. I try to be objective and unbiased but I still want to declare is the fact that I am long.
Holy smokes. Under cut and rally off of that trend line that I spoke about a half a dozen times. So Powerful. Hope y’all took notes. This thing has been amazing and gift wrapped and entry if you are awake.
The way this trade is starting to shape up. I quite like it.
$0.0125 is the cost average for most people since 2016.
$0.01 is obvious support on a closing basis.
You decide what to do with that information. Just the messenger. The organizer and purveyor of information.
$0.0125 is the cost average for most people since 2016
You decide what to do with that information
I give quantifiable data where probability suggests we buy, stop, hold, and scale out. It’s literally the most useful thing on this board.
VWAP since August 2016 is $0.0125
That simply means that since August 2016, the average price paid is 0125.
Above that level and most traders are underwater. Above that level and most traders are above water.
Makes sense why we are just shopping around this level. Doing nothing. Not going up and not going down. When it’s time to open the cage, it will move. Until then, you can expect it to chop around this level give or take a little.
This is also why I say if you want to position here, you should do it as close to one penny as possible. I say this because you don’t want to position above 0125 and the days of triple and double digits are over. If below a penny ever happened, it will get scooped in a big way. If you position above 0125, it will make holding this name emotionally difficult.
That and the chart has a major pivot at the 01 level. Simple technical analysis says 01 is a support level and Standard convention suggest we buy support and sell resistance. So you buy is close to support as possible. Scale out on the way up.
In either event, when it’s time to let it run, none of it really matters much
Oh I see!
Once again, that strong pivot that we noted yesterday acts as a backstop.
I’m not sure what you mean, but there is a massive ass crack pattern on the 10 year monthly chart. Over 032 and this will get a major boost.
See what I mean by high reward to risk?
Entry: 01
Target 1: 032
Target 2: just use basic price action analysis in the moment should that occur
STOP: close below 0075
Reward to risk ratio is 12:1 (based on conservative target 1)
*for sure might not work. That’s why we define the risk and fully accept the financial risk required to see if it will work.
*The one penny level has been defended on a closing basis since August 11, 2021
Think about this chart from a psychological perspective
Almost everybody that bought into this company in the year of 2021 is underwater on their position.
It’s been that way for quite a while. It has given people a chance to close out their position. Ample opportunity in fact.
Anybody that is was a potential holder here has already stopped out of their losing position, has a significantly lower cost basis from years prior and isn’t going anywhere, or doesn’t believe in stopping out and therefore aren’t going to do so.
So at this point, the stock would have to go to 004 and below to get anyone else to sell. And if it got to that level, it would be bought up in heavy buying.
So if you’re not into chart reading or don’t know how, simply from a psychological and high reward to risk perspective, one penny seems to be a great place to take a swing. Also, that level has clearly been defended.
*All my opinion
Lol FUD no doubt
Can nobody answer? What happens when price action tags this important pivot? It happened 3 times in the last 6 months.
Help a brother out. What happened the next 2 days?
Look at the high of 8/10 candle (this is the last day we closed below a penny). See if you can match that up with anything.
Hints:
11/1
11/2
12/6
Historically speaking, What happens when we tag that level?
Remember:
-Anything can happen
-We don’t know what is going to happen now
-we adjust our perspective to operate from the markets perspective, not our own
From what I can tell, the last time we closed below a penny was 8/10/21. Getting close!
Good morning! Thank you for your productive and informative message. Big help!!
Sorry for the blog!
Just thought I would add something useful to this board since nothing worthwhile has been talked about in any other post today.
Enjoy the holiday!
Knowing the information below is meaningless unless you actually believe it and apply it.
It can take years to re-pattern your belief system. This is why 90+% of people lose money on wallstreet.
But making money is actually quite easy if you can just see the market information from the markets perspective. Not from your own
-Fear narrows your focus of attention.
-In regular daily life; if we are afraid of something (like a tiger), our breadth of attention will narrow so that we are focused on the thing we are afraid of (tiger) so that we have the best chance of survival.
-But in the market; the market will give us both upticks and downticks, and if i'm afraid of one of those (like I’m afraid of the downticks because I’m long), fear will cause me to place an inordinate amount of significance on the up ticks.
-So in this case I am avoiding the significance of the downticks. So I don’t see all the data.
*on the larger exchanges where I play, news cycles manipulate perception of the herd to be fearful or greedy. The trader who has adopted the psychological skills to dance with and navigate this will outperform the herd.
*im not a penny guru. Are the same tactics used in this arena?
Id love to hear thoughts
Remember:
1.) Anything can happen
2.) we do not know what will happen next
Align your expectations to be consistent with the market and you will eliminate emotional pain
-if we believe that anything can happen, that means we believe this name could stay trading at a penny for the next 15 years and we believe that it could go to zero next month and we could believe it could go to five dollars by June. when we think this way, we have eliminated the opportunity for the market to disappoint us.
-when we believe that we do not know what will happen next, we have eliminated our ability to impart our will on the market. And then if it doesn’t do what we say it will do, there is no opportunity for emotional pain.
* if you can re-wire your beliefs to include those two fundamental truths, you will be on your way to consistent profit making. Trust me
It seems pretty clear why this name is on the pink.
Par for the course. It has acted Exactly in a way that is consistent with other pinks.
As you all know, I am heavy cgra and I’ll let it go to zero or I’ll ride it to 5 dollars. It’s simply a slot machine, mega lotto for me. I’m a professional. I get it.
Of course no profitable trader makes trading execution from a message board. They are wasted mental energy and attention.
I just wanted to offer some console to others that have been raked over the coals. I am fortunate to have an incredible cost basis, but this had been frustrating. Ugly optics from the higher ups.
That being said, when it feels like it’s time to capitulate, that is often when things turn.