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Don't even have to wait until 3pm. There it is. the first dip, in the first half hour was a leading indicator of what was coming. And there ya go.
It is already 100% a chart play. By 3:01pm we will both have our answer. Not worried about an 8k coming when it starts weakening like this.
Just ask the folks at PCT* about waiting on that magical 8k, when it was supposed to come any moment with explosive results! Fizzled into nothingness.
I trust charts WAY more than the execs.
Terrible action today. Needed that .01 breakout yesterday, after all. Had the 5 Day MA, and gave it up on a dime.
Now trapped below 77 support and dropping.
Out again. Won't enter again until ALL hurdles are cleared on the turn off the bottom.
Here come your 2's. Was not my hope, but today cinches it.
This one is hanging on by a thread. I am not confident this level will hold by end of day. At all.
Talk of 10-baggers should be shelved for the time being. If it is to be saved from a much larger drop, it better get goin' on that today.
If this closes ABOVE .0049 at 11am, there is a chance it will hold. Below it, I would count on that drop.
A game of inches right now.
Same exact storyline playing out on PCT*. Huge possibilities, late filings, etc. etc.
Right now, it's not L2 that I'm watching. A critical trend line began to be tested in the past few minutes. Resistance from above on the intraday will only drag it down and through to the next level.
Save some powder.
GL today Arlen. But you may just get some REAL buys if you wait just a bit longer here.
I'd be really careful right here. Just signaled a further drop to come.
Not necessarily. Thousands of stocks on the otc, finding stability after a fall, with or without news breaking.
A major hurdle has been crossed today. If we continue to hold above the 5 day, it will continue to rise as time passes. Eventually, those on the side lines (and you KNOW this happens), start to see that lift off the bottom, and it clicks that the bottom is in.
That propels the stock a bit higher, which brings your 5 day higher. Then you start closing above your 10 day, and so on.
That is a very organic way to look at a stock repairing itself without news, in the mean time.
Just looking for the 5 day to be held tomorrow, and maybe a bit better.
And the talk of a penny was me, but not that we would necessarily break it, but that that would be the second signal confirming a breakout. The first being an open above the 5 Day. So only 1 of 2 has happened so far. It is progressing.
So for me, this is enough of a confirm to me, if I'm to catch this turn at its earliest. Some risk still there, but I think we're good.
No, there was no pop, as yet. But there were some very subtle signals of a bottom being rounded, and held. And I will most certainly take that for now.
1. Your money flow indicator has risen from 26 yesterday to 29 today, and up from a low of 17 on the 18th.
2.Your accumulation has also ticked up, but only slightly.
But the biggest is,
3. You not only opened above, but also closed above your 5 Day. You haven't been above that since the .04 peak on 8/19. It shows you are holding that strength that it took to get above it after all that time. That is not a minor thing. Had it failed back below, it would be a possible continuance to the lows.
Progressive gains been made if only in stabilizing the decline. Hope to rise with that 5 Day going forward, and not lose that new support.
But a paint-drying boring day otherwise.
Hourly close above .0089 confirms your bottom. Don't even have to wait for a penny at this point. Slight resistance left at that level. Should start popping today.
The open above the daily 5 Day was probably good enough. Hourly starting to climb now.
And look at that, no news, yet it's going to climb anyway.
I wonder if said 5 year old made the same call?
Ummm yeah. It's not the stock, friend.
That would be my bullion of choice, as well.
Well played, Sir. Well played.
I've never been in the 'scam' camp with this. I really do like what they are selling. I personally wait for things to be technically ready. Lots of support, where we haven't seen much in a while.
I won't buy until I start seeing those two things take place. If for some reason, we had a dreadful open below the 5 Day, which I don't expect, I'll wait.
We open above, and start tagging a penny? That is our bottom. And I'll be in.
And for the record, who started this Dennis is Godfather nonsense? We agree on some things, but are clearly not aligned in others. I like his views though, and he, like me, will state what he believes, regardless of the blowback.
Be brave, people. Speak your beliefs. Don't just write off everyone's views as BS. They may have some very good points.
Your ascending trend line was locked in at 33s the other day, now rising. If it were to break that and go to 25s, it would probably break well below that.
CDIX is currently riding upward in a NICELY formed ascending triangle. Chart ends Thurs/Fri. That would tell me, we should mark a higher base all week, with either news or technical breakout, a week from this Monday.
Very, very nice. Yesterday's hourly trend was merely for flipping purposes WITHIN that formation, and it was short-lived. The trend line beneath us currently sits at .0043 and rising, with the recent .0073 high being key to the next leg up.
Would not expect any explosions until then, barring huge news.
Hey Big Arlen. Thanks for the PM. :)
I do believe the 77 support has held, and Monday will bring the breakout.
For the first time since the decline began, the 5 Day on the Daily will open BENEATH us, lifting us up and out of the basement. (it should open at 83, and we will want to open at 84-85+)
It is also at the very end of this formation. Monday would be the day regardless, where it would have to make a decision to break up or down, in a real way. Opening above the 5 Day pretty much decides that.
If it were to fail all of that, yes, that further drop to the 20's would be very likely.
I think I'll be entering here. Also, a break above .01 would be the 2nd confirmation you have officially broken out of the formation, with your ceiling being at about .0095
All that being said, this would be a PRIME time for news, with momentum at your back now. Still quite a bit of work to do with layers of resistance above. But at least the process to recovery will have begun. But yes, stocks do still turn without news, and we may see that here.
Monday is key. No doubt.
They do if it's loaded with ALCOHOL! Ha!
You should know about this place, Apostle. It rocks. And it's in the city. Or FedEx. :)
https://www.tipsyscoop.com/
"Your indicators said down Hmmmm"
I'm sorry, what were you saying?
"is that you in your Picture ?"
Why do you ask me this on every board?
Are you stupid or something, Forrest?
That's the low and high range. I also used the word 'can', which is always the case.
GTFO here.
Hourly failed. Will buy lower.
Do not twist my words, pal. I did say its going higher, and it is. If you even read my last post I said we can dip to .005 before trending back up, with a higher base all day.
Being 0 for 2 on the two boards I see you on, I can see why you're frustrated. But I got this, Mr. Flipper who takes the wrong side of the trade all day, but still making bank? Hahahahahaha!
This thing has already established a very nice trend on the hourly. Can dip to .005 early on, but that base will rise throughout the day. Any break along the way will bring a temporary reset. But the MOMO is strong right now.
Hanging on to this one until that trend breaks, how ever high it takes us. But 73's are to be watched closely. Hoping we barge through it today.
I say bring the news CDIX!
The only thing easier, is spotting your bad calls.
Let's see how many more you have for us today.
I would agree with that, KG. Way overdue. If it comes, this will no doubt get back to an upward run.
Until then...
You can spike as high as .0105 today before getting back to drifting downward. This is not 'the time'.
With news, sure. Just not seeing any of that yet.
Thanks Ive. Loved the action yesterday. There will be a bit of resistance at the .0073 mark, due to the recent high. But if we start poking through that, we are well on our way into the 11's. With or without news. That'll just be gravy.
Yesterday's momentum could certainly make that happen.
Watching CLOSELY today!
GL
Uh oh. What do you mean it's going down now? Who could've guessed?
Wait... :)
To the cockiest newbs out there, settle down on the rhetoric until you understand how this works. You know who you are.
Your bottom was marked this morning at the open when it opened up above the 5 day for the first time on the hourly since the slide began. Then the 2 hr settled above. Daily indicators are lagging behind your intraday. At 33 you were buoyed by no less than 4 forms of support. Already climbing a trend line.
When will you learn that I know this stuff like my own name, and you and abazaba and the like are still trying to figure it out.
Up we go, newb.
Uptrend very much un tact for a climb to 7's within days.
That's funny coming from you. Called the top on that other ticker within 30 minutes, told everyone to hold until it turned. Took two weeks. Never lost a dollar, while you bought all those Xmas gifts, as you called them, all the way to the bottom. So you know me well.
You are 0 for 10,000 for as long as I've seen you on these boards. You even blew this morning's call on the C ticker, yes? Score another for me as I said the trend was just beginning.
Dude, straight up, have seen you ONLY lose money on every board.
I got this, as this one is now weakening, and resuming it's downtrend.
Right here. Hope you flipped that spike. The trend down will continue. You have not broken out here.
The Douche canoe
Today's open just confirmed an uptrend on your 1hr and 2hr, soon to confirm on the 4hr and daily next. Support is tremendous here. Don't look for lower than 33's. Those are done. The climb has resumed.
Is that was your rookie senses are telling ya?
I smell someone's annuity getting crushed if they're not a bit more careful.
Yep, pull that trigger, Matt. And overpay by 100% from here.
Good advice.
But that Rookie, is all contingent on Mr Know More's actually having talked to him, and receiving such info. He has spent weeks on here BS'ing for the fun of it. No reason to believe there is anything to this.
Well, then you'll be calling him today. We are still days away from the best buy on this thing. Excluding monster 8k news, of course.