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It's not the most exciting play, and the volume is weak. But a breakout is a breakout if you get enough liquidity to get out.
If 41's are busted through today, it could run to 59s. That's what I'm in for.
But yeah, watching paint dry might be more exciting right now.
GL.
BFC* is a very similar play right now, and setting up for a breakout at any time.
But that's impossible! Apostle said if no news came out, it would keep dropping. I'm so confused! :)
It is. And they were still hitting the ask pretty good at 40. But that last major run might have cleared a lot of the resistance put up at 41, from way back when.
Watching the money flow on the 4hr for the slightest downward tick. Still rising. Now in the 90s which means this won't last long if it runs, but could still make one good spike from here.
Why buy all those 40s if you're only going to sell at 41, right?
Still in. Volume improving, but watching VERY closely for any weaknesses. Money flow and Accumulation still rising. No need to bail yet. But 41's are some long term resistance. Might be a bit more of a battle getting through there. Depends on what The Powers That Be want for it now.
I say let's run it hard into the high 50s!
That was stupid. Work on your education.
Just illiterate.
Deuces, I apologize. I thought you were referencing the PCT ticker in your PM. That is where the 18s were coming.
The one you were actually talking about was a very quick pop. A 1-dayer. Don't know if you played it. Good for the day, anyway.
TOM* breaking out now. Volume is low, but good for a few bucks.
Sorry Lambo.
By the way, that's the kind of thing a brand new trader might say. But you, as a 'seasoned' trader should know that stocks turn back up regardless. They don't just KEEP FALLING without news. You may not get any news here. So you think it'll go to zero if you don't?
Silly statement. Lots of tickers never get their news, but playing a technical bounce is available on every one of them.
TRADING 101
I could list half a dozen stocks I have been watching recently that were all waiting for the big news that would rocket them, and 'no one should be with out shares'. (i.e. CDI*, PCT*, PFM*, etc,)
Half of THOSE are still waiting. The other half got news from disappointing to bad.
CEOs like to talk a big game. I never trust a word. It's rarely what you think it will be. Technicals always tell the story. Always time to get in if great news breaks.
I would agree with that, somewhat. But if the great news were coming, accumulation would be stronger right now, and it wouldn't have gotten into such a technically weakened position. People are not gathering all they can here. And insiders would certainly have an early tip on something huge. No sign of that here. After it bottoms, THEN you MAY get news. Waiting for news alone to save you on the OTC is a recipe for bankruptcy.
Downtrend and accumulation reversal FIRMLY in place. Sure looks like the 12-13 range is coming fast, doesn't it?
C'mon Apostle, dazzle us with your RSI expertise now.
Perfect close up and above resistance. Tomorrow should be a beautiful shade of green here.
All signs pointed to a breakout underway this morning. Looks like it's resuming for real now. Let's get some more volume here. Looks great though.
12-13 range is coming this week. The good news for some, 11's are out of play as this trend line rises.
Buying there.
Huge day today, but coming up on a few levels of resistance. When it turns, it'll turn fast.
Took my wins end of day here. GL to all. Should still have some left in the tank for tomorrow, though.
The run from 2's to 3's about to begin!
Breakout in progress. Closed back above the 50 Day, up and out of this channel. Some alerts should be hitting lots of traders' accounts tonight. Crazy, good volume.
Ready for liftoff.
Nice. Thanks for posting.
Maybe I missed it HDOG, but where did you hear this?
Well that's where I earn my keep. You most certainly do have one. Drawn from the base of your wick on 8/25 to the dip on 9/29. That is a trend it will recognize when it gets there. It may fail, but it will respond to it, at least buying you time, or rebounding.
That's how you draw a chart, Apostle.
Until it's made clear just what he's doing with this shell, nervousness will be the overriding theme. Some quick news would be nice to assure everyone of a plan, but I don't see that happening until this reset completes.
I think it's going to be a more more than that. This isn't a quick dip, but a reset to the trend. All support levels have been lost, and a close below the 10 Day yesterday does NOT bode well, at least for the next few days.
I have it down to .11 at this point before a return trip.
Icch.
Being as though your trend line was at .305, that was a pretty perfect dip to load.
At 11am it'll move up to a base of .315
Then you're not recognizing the support, or the trend, this it is currently following. And there is one. A retrace is not a dump. Look at your intraday. Very stable.
The problem with that theory is, it's not crashing. It's holding up just fine. All support levels are still strong, and rising. That could change, but it hasn't yet.
For the record, PnD's don't last for over a month, while holding over 100x their lows. Just sayin'.
So let me ask you, if this is a scam as you claim, how did it manage to climb through a 10 year high resistance, and still holding, without an R/S? Can you cite me one other 'scam' that had that kind of strength? This one didn't have some spike off a fake PR, it trudged through it. Seems pretty real to me.
OK two things, noob.
1. You just closed weaker than your past 5 day average. What are you cheering about?
2. You seem confused with the term 'weekly'. But you're new at this, so I'll give you a pass. Weekly refers to your longer term trend. It doesn't mean changing the prediction from this week to next week. Things are about to go into a prolonged downtrend. That's what that means.
Hit the books.
"YAY! We we weaker than the past 5 days! Yay!"
p.s. Good luck with that news. It's not what you think it's gonna be. Welcome to the OTC.
Sounds like this s gonna get fun on Monday! That is some great news. If it can get past $1, who knows where it can go?
As frustrating as some of the action was yesterday, it clearly looked like loading to me, prior to the news.
And although it would have been nice to close higher, your weekly chart shows this closing pushing UP on that 10 year resistance! That's a good spot to be. It wants higher.
Like being at the starting gate of a race right now. And that news should get things cooking.
Good times.
Yeah, you're green, and still trapped under a 5 Day, a 10 Day, an ascending trend line, a descending trend line, and money is still leaving according to the ADX.
Your weekly chart is about to get seriously bearish in the coming week.
Only the inexperienced see a green candle, and have no idea what else is going on, and thing all is well.
Where's your BIG NEWS?
And WHY do you minions of Mike think you have any idea you can compete with me here?
A dozen things going on in this chart that most of you have no idea even exist.
If you're going up, tell me why. Don't say news. That will fail you. Have something to say other than, "We're green, Smarty! How ya like that?"
Weak.
I'm still correct. You bore me. Bet you get that a lot.
Nothing has changed in that regard. Still trapped under the same, descending resistance from above. Matter of time, unless something material changes.
They are already getting set to open this higher. This is going to be quite a Friday.
I will do that. And it most certainly is. These candlesticks don't float around in a vacuum. Lots of things within their orbit that will shove it around.
You also have quite a bit of descending resistance from above, and absolutely no foothold at this time beneath you to fight it.
Yes, I know, news will turn it around. If it isn't as big as you're hoping, these forces will bring it down.
And that 5 Day crossing down through your 50 Day today is extremely bearish. No forcing your way above that without a minor miracle.
Down. Sorry.
Was just getting ready to respond to your PM from yesterday. Where did you move it to?
There are 2 ways for me to play this.
1. Ignore any signals of a turn, and just enter a tick above 13's. If they're going to hit 13, you want them to have to go THROUGH you to get to that line. I don't get greedy trying to buy 13's themselves. You could be in line with a whole lot of other players, and you may only get a partial fill, if any at all.
2. I can watch for additional signals of an upturn, in case the 13's don't hold. You do still have an all-time low deep into the trips from August. It could still go there.
Or just buy now, and add that dip if it comes. I'll probably go with #2.
GL, T.
You have 3 things happening this very moment, that are ridiculously bullish:
1. Yesterday, resistance dating back from 2009 was eaten alive, and managed to stay above by close. By a HUGE margin. There is absolutely nothing in the form of resistance above us right now.
2. Accumulation on the daily has been ramping hard for the past few days. Only JUST entering bullish territory on that meter. Party just getting started there.
3. The greatest tell of demand (for me), is the money flow cranking into the 90s, and rising, over the past two days. Your 'players' have arrived and feeding this monster. And she ain't done yet.
Watch very closely today. This may not last long burning this hot, but I think we have today to really reap some gains, anyway.
And RSI at 77 is perfectly fine with room to run, with something as hot as this right now.
Round of applause if you saw 13's coming yesterday?
That's right. Crickets Bitchezzzzz. Crickets.
I gotta give it to ya, though. Many of you are terrible traders, but ya got heart, damn it! I dig that!
Turnin' those lemons into lemonade after the dumpfest.
You keep doin' what you're doin'. I'll wait till it's bottomed. Which it has not.
And for those on repeat with their 'Expired' comments, hasn't hurt my world one bit! But for YOU, you shouldn't be bragging about it coming 24 hours late. Only means you had an extra day to get out of this mess. And it sounds like you didn't.
Still going way down. Daily has weakened. Weakly is getting ugly.
And WHO in their right mind thinks an update on the OS is going to burst you out of the gate this morning?
The trend is down, and it's staying down for a bit.
Hell, people, I even gave you all the tools you needed to play along from home, and ya squandered it.
Happy trading!
Just wait for the 13's, people. Nothing keeping those from coming in the next few days.
Tomorrow it is about to weaken further, and the resistance is about to get a bit more difficult. Because of today's close, your 5 Day is now about to cross down through your 50 Day. That is the very definition of weakness intensifying.
0025s are the next level of support, then the 100 Day at 0020s.
I see that most all of the board still hasn't learned, and are expecting a huge pop. This hole has been dug a bit too deep now. Resistance is layer upon layer at this point.
Your lows at 3 today will likely be revisited tomorrow before dropping lower.
Funny how quiet my inbox is tonight. :)
p.s. And to Mark5050, no, I don't own any yet. No reason to buy yet, despite the head cheerleader's call to BUY BUY BUY. Waiting.
This is set to trend way up. Already is.
It's fighting a high of 41 dating back to 2009! That is a HUGE hurdle. But it is doing it. And it has nothing but blue sky after that.
My bank bank account certainly isn't failing. You guys all marching to the beat of your little drummer boy, Mike, will feel the sting though.
Only one right, and I failed! Hahahahahahahahaha!