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aries4747: IVHG also looks good but a reversal might be coming up (has to be confirmed), doesn't look as good as the other stock you asked me about earlier.
Please post the stocks like these before your in them :)
IMO
Just bought back into gte after the news today... I hate it how they tank it like that right before good news! It makes me sick how manipulated this stock is.
aries4747:I think there is still room for more. Aroons are confirming alot of strength in this move and many of the other indicators are looking great. Keep a close eye on it.
IMO
Thanks Snap
Do any of you use stop buys over resistance levels?
Snap where do you see the next support level for gte? I gotta get better at using the MA's to find support levels.
Snap: Thanks, I stopped out at 2.95.... It hurts but oh well I made alot of money off of that stock. I will now use everything that I have learned to find new plays and make more money!
I just want everyone to know that we have broken major support today... It is at your own disgretion to sell/buy. You never know what will happen but to break major support at 3.00 hurts.
Ack! Am I a bagholder if I keep holding GTE at this point?
More on BCON:
Snap: More analysis on BCON
Remember that I am only a novice/rookie so please let me know if my assumptions are correct and if there are any other patterns I should be looking at.
Snap: According to my analysis of aroons see post#11464
I believe that BCON might have a significant rally coming up. Is there any upcoming positive news that BCON is supposably waiting for?
I also noticed that the RSI 14 on the monthly chart is right below the 50.
IMO
UTS.TO check it out:
Hammer confirmed this week and a nice pennant form. Also check out the monthly chart for the RSI turning back upwards to cross the 70. Aroons are confirming a reversal on their next crossover.
Snap: How are you creating those fan lines? I use stock charts and don't see an option for them. Do you have a link to some instructions. I've read up a little bit about them and they seem to be great resistance level indicators.
Mide: Great Posts, I agree with your opinions.
coydog: I agree, I've been in two huge runups this year and in both cases there was basher interest on the message boards before the stock popped and throughout the whole runup. I also noticed there was always a core group of a few dedicated pumpers or longs or whatever you want to call them. Overall, the sentiment was negative.
MacDad: Did you get a chance to look at GTE? I am very interested in hearing your thoughts on it or anyone elses TAwise. It's been a fun ride! I've been long in it since .11 cents in december and learned alot about TA from the GTEL TA board but they don't get as advanced as you guys here so that's why I've been hanging around here alot lately.
Wow, NEOM looks highly attractive... If I wasn't long on GTE I would definitely buy this first thing in the morning... I know I got all my eggs in one basket... but I watch it all day.
Currently, this is the main setup I use, if anyone has any suggestions please let me know (I look for everything to be n'snyc with certain combos). Notice on the Daily chart, a pennant has formed. HMM should I not stick to my plan and sell gte for NEOM??? I don't know... Let's see what you guys have to say.
IMO
look at the daily, 60min, and 15min charts
blasher: Yes, I have been studying aroons for a few months now and found that the diamonds signify movements... red hat equals a move up, green hat equals a move down. the higher and smaller the diamond the better. You must use other indicators to confirm because a double,triple, quadruple etc. diamond can occur. Also the diamond doesn't have to have a perfect shape.
Here is a recent example:
Here is my e-mail address if anyone ever wants to discuss something privately joelreboh@gmail.com
Thanks guys! I am learning alot from all of your calls and the information posted in the header above.
blasher:Great find and thanks for posting it. Notice the high single red hat diamond on aroon 20... on the 5 min chart. I use that as an one indicator for a "to the moon" rally. What is your indicator that gives you the confidence to call it a "to the moon rally". I am a novice trying to learn everything I possibly can and have come a long way in the past few months.
Is it significant when the 200 MA crosses teh 60 EMA?
Pit: IMO If we close with a hammer today, it should confirm a big runup because of the mere fact that the hammer dipped outside of the lower BB and the previous candles did not ride the lower BB downwards. Although this suggests a significant reversal, look at my post #2679 for all the confirmations that are needed IMO.
I am also getting someone to refine post #2679 to make sure that everything I said is technically true since I am still a novice.
UALAQ is doing just fine, if I would have known what I learned from this board yesterday I would have definitely bought in before it took off because I follow this stock daily. I just have a policy that I don't jump in after a stock has already taken off. Where do you think it will top out... This stock has so much power behind it even though the company is in such bad shape.
Remember, GTE is like a woman, pisses you off alot, loves to play games, but in the end it's worth it. LOL All the highs and lows are what make you fall in love with it. If you get too emotional though... you will lose.
HAHA I called 3.15 as a low on the GTE TA board a few weeks ago!
hey... I also called 3.15! Love ya lowtrade! :)
Macdad: I'm excited to hear your comments on my GTE post last night.
BTW I believe it is going down today because someone called in on Cramer show on CNBC and asked about GTE and he said don't buy triple sell, don't buy an telecommunications company. He doesn't even know a thing about the company. Also, didn't back up any of his statements with facts.
doctorS: Good letter EOM
Any comments on GTE, I've been using all the informations I've learned to put this together. Please let me know if it makes sense THANKS!:
I have been studying charts for like 10 hours today and here is what to look for in the simplest terms:
If and when the 13 EMA crosses the 35 EMA, GTE in for one heck of a ride IMO. For this to occur, all the following indicators must head upwards N'Sync. Additionally, look for the Aroon 20 crossing. I truly believe that GTE is being manipulated... Look at how on June 24th the 13 EMA was sooooo close to crossing (along with the aroon crossing) and suddenly it turned town, I don't believe that this was a natural occurance. That could have been the beginning of the next phase up but I believe that some big players didn't want it to happen for some reason.
Notice when the 13 EMA crosses the 35 EMA in December 2004, the beginning of the first run up.
IMO
My friends (added on):
I have been studying charts (books and other TA learning boards) for like 10 hours today and here is what to look for in the simplest terms:
If and when the 13 EMA crosses the 35 EMA, we are in for one heck of a ride IMO. For this to occur, all the following indicators must head upwards N'Sync. Additionally, look for the Aroon 20 crossing. I truly believe that GTE is being manipulated... Look at how on June 24th the 13 EMA was sooooo close to crossing (along with the aroon crossing) and suddenly it turned town, I don't believe that this was a natural occurance. That could have been the beginning of the next phase up but I believe that some big players didn't want it to happen for some reason.
Notice when the 13 EMA crosses the 35 EMA in December 2004, the beginning of the first run up.
IMO
Tech: Are you looking at the weekly chart? Which aroons are you looking at.
gregmaster: Nope, didn't sell my shares... still here LOL. Nothing to say right now because IMO we have not reached an optimum point to buy yet.
BTW the aroons didn't confirm the reversal.
MACdad: I take it you purchased neom now that you've seen the upside down hammer formation confirmed for a reversal? What 3 MA's do you like to use? On the 60 Min chart
Macdad: What indicators are you watching for the short bounce on Neom?
OCCM is also a pennant breaktout IMO Check this out:
Might hit .39 in a week or so
MACDad: Are you seeing the pennant forming on NEOM? It broke out of an ascending triangle and is now in the middle of a pennant IMO. Maybe a few more weeks and we could see a breakout. What indicators are telling you that a breakout is immenent?
BTW thanks for the work you do here, I've been reading through the teachings posted above and they are really great. I love this stuff!
serious1: Will not have any effect...If the stockmarket closed at 12:00pm everyday it would not have any effect on any TA indicators.
According to the pennant theory: MOBL
has reached its peak for now (.40)but I could be wrong because of the great news out today...
Would you all agree? Or does anyone have anything to add?
MACDad: Thanks for the reply, I believe that Aroon 8 cross or the up and down moving up at the same time (on the monthly chart) will confirm the reversal as it has in the past.
IMO
Pennant forming: SHRN
Can someone please confirm this pennant forming on SHRN. I am still a novice.
It seems that this is the third pennant forming in a row. You can also see the pennants that have formed on the weekly chart with volume confirming.