Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
RS = relative strength
Showing strength relative to SPX
Any chance this is showing RS versus the general market several days in a row?
Sure does look like a beauty. A weekly close over 02 would be significant
You all can disregard this link. It’s not relevant to cgrowth capital
I would expect to hear from the company in the next 4 days
Good, bad, or otherwise…
Does anyone know what relative strength is?
I’m not sure if it matters in the world of OTC pink penny stocks, but is this name showing relative strength or relative weakness versus the SP 500 index?
1 million 93 thousand shares traded today.
Not a strong data point
Volume update: so far today, 1 million shares traded
The 50 day moving average is right around 7 million.
*low relative volume thus far. I’ll update after the close
Agree. A monthly close above 018 and probability says that pattern plays out to the upside
I’m with you for sure!
Remember that a candle has four components, one of which being the close.
Let’s see what this candle line wants to tell us about the psychology of the market participants today (we must wait for the fourth data point (close) in order to draw the plot that is today’s candle line.
Also, remember that trade executions are to be made on the chart where your edge presented itself. If you found the pattern (whatever your system uses) on the daily chart, then the daily chart is the chart you use in order to make trading execution such as profit target and stop loss.
If you entered the trade off of the 30 minute chart, then you use the 30 minute chart to adjust the position.
* I apologize for such Elementary information, and I know you all already know this, I just wanted to remind everyone and keep the thinking clear!!
For anybody that uses it, the 50 day moving average for volume is around 7 million.
Anything above that level is considered high relative volume
Anything below that level is considered low relative volume
Remember that volume substantiates or confirms price movement
* if you do not use this metric, simply disregard
A lower volume pull back to 014 would be healthy.
Looks good here
Reminder…
Let price action confirmed by volume be your guide.
I have no idea what this stock will do, but I know exactly what I will do and that is 100% based on price action and volume.
Know where you will stop out for loss
Know where you will take profit
Know where you will sit and wait
I second this…
Volume, then price.
Volume confirms price action. Moves that are not on volume are likely broken and can be faded the opposite direction.
This is precisely why we can use Fridays close as our new stop loss (A close below Friday slow triggers the stop)
#textbook
#multiyear consolidation
#clampett
CGRA
I would think that we hear something.
Could be positive, could be negative, could just be a push back in timeline.
But I’m sure Bill will mention something. At any rate, I’ve got my levels and I’m looking forward to it. Let’s see what the market wants to give and happily take it!
Haha I love this phrase because I lived in Seattle for a while.
Kraken is a thing there lol. It’s the NHL team haha.
Bill, release the Kraken!
Haha I know!
I obviously have no idea what will happen, but the market is a game of probability and the probability looks good here.
Just a casual 16 million share day.
Nothing to see here. It’s nothing. Move along.
Lol
Should hear about LOI by end of next week because that is 45 days (12/18/2021).
(45 days was mentioned in the original PR)
* just a reminder. You already know this.
The volume today is considered “high relative volume”
This is relative to the 50 day moving average of volume (average volume over the last 50 days)
Therefore, today’s close is meaningful
You can use today’s close to adjust your stop loss if needed. Also, given that today’s price action is on volume that substantiates the move, it gives you insight into market psychology of the players that are here
* just my opinion, I could be wrong
Thank you to most on this board. We are all just trying our best to help. Lots of good info and research here.
Many hands = light work
I appreciate you all
We are on pace for an above average volume run rate today…
That very well could be!!
Obviously You can basically use whatever you want as your stop loss. However, in general, we make our trading executions based off of the price action/chart.
It truly doesn’t matter, but typically most do not use the moving averages as the actual thingto execute on because it’s the price bar that actually matters and the averages are just a reference guide that price tends to set up around.
I am just a little more granular and wanted to share my thoughts. But what really matters is that you have defined your risk and choose something, as your stoploss.
Obviously you don’t have to use my pivot. You can use whatever you want, but I just wanted to share my thinking and what I’m using
It just means that if it closes above 0153, we will have established a new pivot and we can use todays as low as the new/updated stoploss.
If it does not close above 0153, then 011 still remains the stoploss.
This is 100% purely based on technical analysis of the chart.
Remember that volume is important because it confirms price action.
If we close above 0153 on above average relative volume, then use today’s low as your new STOP
* just my opinion, I could be wrong, I’m not a financial advisor
And so how does that play out?
I’ll certainly take it
It’s a two part question. I’ll give y’all some help.
Part 1: is there any chance the number of available shares in the pool decreased by 40 million today?
Answer: yes
Part 2: would you rather a decrease or an increase in the amount of available shares?
Answer: depends. It depends whether you were long or short. I’ll let you chew on this one because it’s different for each person.
* just my opinion. I could be wrong. I’m not a financial advisor
Love it!
Thank you for providing posts with a value add.
Taking the time to read posts with valuable information is appreciated.
I appreciate you
Is there any chance that the number of shares in existence was decreased by 40 million today?
In the event that that is true, would a shareholder rather 40 million shares decreased from the pool or would they prefer 40 million added to the pool?
Let me be clear about that.
A candle requires four data points. Open, high, low, close.
A close on the daily chart below the 11/16/2021 candle can be used as an effective STOP.
Not in intraday push below that level. If the price action moves below that level, The candle signal has not given confirmation because you only have three data points. You need the close on that daily candle to confirm The signal.
* I am not a financial analyst and this is my opinion. Do not follow me, just trying to help.
You can use a close below the low of 11/16/2021 as your STOP
Resistance at 0156
Close above that on above average volume and it’s a powerful move.
Just keep watching until that happens.
Roger that
Anybody with easy access to a calculator, can you please use the otc markets post that rcaselli was nice enough to link for us, and help me determine if the number of shares in circulation has remained the same over the last few days.
I’m unsure if the number has gotten larger or smaller. I just know it’s different.
One of these things is not like the other.
Thanks for your help!
I’ll start…
Obviously the theory behind share buybacks is that they reduce the number of shares available in the market and—all things being equal—increase EPS on the remaining shares, benefiting shareholders.
But why do it?
Here’s one idea. Could be wrong…
“The stock is undervalued and a good buy at the current market price. Billionaire investor Warren Buffett utilizes stock buybacks when he feels that shares of his own company, Berkshire Hathaway Inc. (BRK.A), are trading at too low a level. However, the annual report emphasizes that Berkshire's directors will only authorize repurchases at a price they believe to be well below intrinsic value”
I want to start a thread here today…
Can any of you post reasons why stock that a company previously sold to investors might be bought back?
Hahaha
I love this because it clearly shows how Bill is relentless. He will just keep pushing forward. That post was like 1.5 years ago.
Let’s get this Bill. How can we help? You have a good network of people that are willing to help.
My opinion. Others may disagree.