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Wait for it.... And.... the fail of the 50 Day now on deck. Maybe here is where those lower lows come? But they're coming.
Wrong on 'no level'.
Just a lucky call on my part, opening lower and down to .002? Ha! Please.
And those of you waiting on the boom, the information of it being 'granted' is already public, and the response is... crickets.
There is nothing here. No formal announcement will change that. Money continues to leave.
Good job.
Your 50 day only slowed the fall, as it would be expected to do. You don't seem to recognize the MAs that are pressing you down from above. Those are the key to where you're going here.
Learn, man. Learn.
They are always relevant.
Hey, what can you do? Not everyone can be good at this. You'll find your calling.
You're also proving that you don't understand the flow of money. That is not subjective. It is what it is. But you don't have a clue where to look.
And you will always have money flowing in BEFORE the event, as news on these things always get leaked. Money is bailing.
Now that's some noob talk right there. Regardless of the exchange you're trading on, OTC, NASDAQ, etc... money flow, moving averages, and support/ resistance all act the same way.
Your money flow and accumulation have been diving.
You are now trapped below several major moving averages about to pull you down further with each day you don't clear above them.
And your last support level at 25 has already been breached, and in the process of failing.
Learn how to read this stuff Champ, before you start throwing around the noob talk.
Oh, and they are already prepping the bid at 20. Yes, that is yet another signal of where they intend to go.
The only accumulation all day was in the last two hours for the gamblers that wanted to throw their hat in the ring. Weakness persisted all day, and is now set for an even further slide today. These prices are not 'gifts'.
If the news were good, you would already see it in the price action. Lower lows likely today.
A 'shakeout' would be coupled with a strong rise in accumulation. Dumping into those bid sitting at 28 does not move the needle in the direction you need it to go.
This ended in a very poor technical position. Ask hitting, a green day, and a close near the day's high is what was needed yesterday. And what SHOULD have been if the news coming was as good as some hoped.
No signs of good news coming here.
Bailed on this one. Yesterday's action was dreadful, and topped off with a close below the 50 day. Accumulation wasn't there at all. Lots of dumping into the bid.
With events like this, insiders will always lead the way. Something will leak on the direction of news. And this one got weaker by the hour.
GL all.
Almost twice the day's (I meant to say) volume just hit the ask. Now THAT is a decent sign. I want to see this thing start chugging though.
Nothing's 'ready'. We've done 1.5M today on a sub-penny stock, leading into a custodianship hearing. Better get those buys cranking before the day's out if there is to be anything good coming here.
One day away from the 'big event', and there is little to no enthusiasm for this. Accumulation is down, and volume is weak. If something great were coming, people would be buying with both hands by now. They are not.
Wouldn't get your hopes up on this one.
Good job on this one.
I will tell you one thing, for all the ugliness this thing is displaying, the accumulation has been relentless. From the 1min to the 4hr, and everything in between, it just keeps rising. So SOMEONE believes in this ticker. Maybe it's all your buying, PP!
Well, this thing sure didn't take advantage of that foothold it had going earlier today.
All I show now, saving this thing, is price support from the very peak from early September at .0535, then the 200 Day, then... trips. Blecch.
It would be a good time to see what a superstar this Disanti is proclaimed to be.
Good luck, Art.
Your 5 and 10 day on your Daily will be short term markers. Your 10 Day is at .1325 now, and declining with each day it's not cleared. But that one will be a biggie once it's out of the way. Once above the 10 Day, it will pull your 5 Day up and through the 10 Day for a very bullish crossover.
I use the 2 and 4hr intraday for signs of strengthening until then. Looking for the anomaly, or the MA it hasn't been able to break through since the decline.
Your 50 Day on the Daily will also be a bit tougher {.164}
Then, price resistance at previous peaks of .27 and .39 and .41, until the peak at .527
Thanks Dip. Not sure if the move up will be very explosive, as there is still some resistance back up. But it's a start. If I hadn't bought already, I would definitely be entering here.
This hasn't been above the 5 Day on the 2hr since the 23rd. It just opened above at the 1pm update. Start closing above the 10 Day on that same time frame (.0823), and that is all new ground, and set for the next cycle upward.
Low volume had nothing do do with the signal. And at the very end of a formation like this, volume should absolutely be almost non-existent.
Now we watch.
Now isn't this interesting. Now strengthening on the 2hr chart, with a descending triangle that ended precisely at 1pm today. I do believe we have our bottom at the exact moment this chart has ended.
Watching for an upward move from here.
Shit. This means we have to listen to you incessantly again?
Too bad you blocked me. My call for 7's came days ago. Coulda saved you from dumping at the bottom like a noob.
Beat it. You have no skill.
With your only remaining price support at .071, why would you want it at .05? Because of the 200 Day? No trend left at that point. Lower is not always best. You want the .07's to hold, otherwise it really won't be worth a damn.
Also, accumulation on the ADX has ramped steadily, without a break, on every intraday time-frame since the 23rd. It's all getting scooped up.
This formation goes through tomorrow. I would fully expect 71's to hit, maybe today. Either way, looks like we get a true direction by Thursday.
Good job to the inexperienced selling here. :)
D Day will come this week. We still have a low to hit. If that holds, it'll just cycle back up like the last run.
Are we below .071 yet? Well then I guess I am then.
Until you've at least broken the low of the last major dip, that is not the case. So why not wait for that to happen first, before claiming that?
If it holds, those that buy here will be the smartest guys in the room.
It's not about what you THINK should be support, it's what has PROVEN to be support. 50 day guarantees you nothing.
No bounce until you reach the very end of this triangle. Nothing has failed yet. You also have your 100 Day aligning with the exact point of the low on the last major dip. This offers 2 major layers of support.
So few understand how to draw that descending trend line that has been sitting overhead all the way down. All this talk of a major bounce will not happen until you've escaped that. I think maybe 2 people on this board are aware of it.
You'll get your answers this week.
If you can't manage the technicals here, then you have no hope of doing any better on the NASDAQ. Plenty of money to be made here. You need to sharpen your game.
You sold here? You're a technical trader that didn't see this is where the last dip bottomed? And that you are in the last two days of a descending triangle? And this is where you sold?
No words for that.
This is one of the BETTER OTC STOCKS? Have you even looked at any others? Good God, Man.
"The DD is there and the whales will bring this to multi dollars by the end of next week."
What a ridiculous statement. Oh, and I'll be watching for that '50 mill buy'.
W.T.F.
Certainly didn't need my help tanking it yesterday, did it?
Get a clue.
OK, you can continue your baseless cheerleading now.
I think 'slander' might be a bit strong HDOG, given that there has been no assurances otherwise, as to what exactly this company is up to. Let them come forward and straighten this all out, or the possibility of wells being fake might just continue. Nothing has been proven to refute this STRONG possibility.
And were we not supposed to get some insight into his AMAZING and TRUSTED connections last week?
I'm glad 'they are aware' of this chatter. Now tell them to do something about the lack of transparency here. You seem close them. Go ahead, tell 'em.
Dude, not a GD thing about this action has to do with oil prices. It isn't even proven the wells are real.
I would have thought you would have taken a break today, as all your assertions this past week were rendered useless.
You're about to gap down at the open. Again, where does this sudden surge into the 20's come from?
And you think you're going to pop back above the 50 Day, 'Just like that'?
A few trading basics would do you well. And many on this board, actually.
And to think I was mocked for my comparison to FCG*D. This just seems to be the old standby from the fake oil well playbook. Why change it if it still works, right?
Lots of "Do your DD", and "Know what you own" nonsense.
Scam Smith strikes again!
Do you not understand how many layers of resistance now sit above this? Where is all this rocket propulsion coming from to break through all of that?
Right now, your greater concern should be which support level holds, and keeps this from sinking any further.
Baby steps, man. Baby steps.
Volume suggests stop losses being hit, not a complete and total dumping. Volume still less than yesterday.
That being said, this thing is gonna need some serious work to get back above support. Next stop support-wise is the 100 Day at .0785
Ugly.
"Not a fair comparison, the CEO of FCGD was prosecuted and sent to Prison. What he did with that company was theft. They had physical wells and leases on the property. My friend did the consulting work for them. However to suggest this will have the same outcome is a bit Naive. Anything is possible in the OTC.."
I'm not suggesting this is the same, at all. Just that these things do happen on the OTC. And when the hype starts flying about the number of performing wells out there, these guys always come to mind.
And I find it amusing that you suggest my reference to that case is naive, yet 'anything is possible in the OTC'. Which is it?
All that being said, watching for an entry here. Yesterday's action late in the day is a good sign, with the 50 Day also still holding.
Hahahahhahahhahhahhahahahahha?
Did you just call yourself a 'Pro'?
Pros can chart. Pros know history. Pros know scams. Pros make money.
None of these apply to you.
FCGD was no fantasy. Shit happens dude. Hope you and your followers don't lose it all.
Noob.