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Ahhhh so your peeling back the layer of the onion on me huh. Better stop doing that or your gonna make me start crying...in my beer. Not really sure on that one...my uneducated guess at that point is to see what your other indicators are signaling.
lol....it is confusing sort of like bear/calls and bull/puts. The less I think about the more I think I understand it, if that makes sense, lol. So uptrend...look for green engulfed by red and then a followed by another red candle to indicate downward move. In downward trend, look for red engulfed by a green followed by another green to confirm reversal upward. Best i got lol. I will say I am actually happy with this pullback after that nice run. I think it is healthy as long as we do not go all the back from which we came.
See if we can hold .12 i suppose. Thanks Base.
After that huge red engulfing candle on Friday, I feel the stock help up rather well overall today. Not shocked we finished red today, fridays action indicated we probably would today. May finish red tomorrow. As far as downside....I really do not think we go below .105 to me there is solid support there. If we trade .12/.15 for another day or so...that is a good sign we could retest .18 shortly.
nice to finally see a healthy pullback. Have a great weekend Base.
That "penny runner" aint really running. Well it is...only in reverse so far today.
Bulls buying into the close or profit takers is now the question. 56 minutes until we have our answer.
Nice find Pay.
You clarified what before trading???? It doesn't matter...the fib hit today regardless.
We hit the 61.8% fib today on the dip below .13. for those who believe in "Fibby voodo".
The new floor as best I can tell now is .125 so far.
Fact is guys there has been no news to substantiate this huge move over the last several days. A stock can only move so high without news before it begins to retrace. Charts and Fibs are just tools that help determine where and when a stock MAY move in a certain direction. I am glad this is showing us a healthy pullback today. I was expecting and suggested a pull back to .105, never happened, yet sp hit .136 today so .105 is still within reach. Each day that goes by with no immediate news I still like .105 as solid support. Would I love to be a unicorn and see LQMT move straight to .50, 1.00 etc....sure..but again with out news it only makes sense for this mornings pullback. Maybe we get news after hours or monday pre market, maybe we don't. Lets no get so excited about these moves on no news that we lose all common sense. Long and Strong LQMT!
"Bad news brother. This company has stepped into the land of real charts. Voodoo only works on penny stocks when there are enough day traders playing the same game.
Fibby is voodoo, charts are science.
This is not a penny player game anymore.
If you try to play voodoo, you will get burned."
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LQMT is now .14 which was my fib observation this am. Now what were you saying about "fib voodo"? Please carry on, fascinating stuff in which you speak. We are all ears.
"Fibby is voodoo, charts are science." Got it, thanks.
50% fib retrace is .14
Interesting, thanks Andy.
Good post Iowa Dutch. I don't really know all that much about Robinhood or webull but i know enough that they have a daily list of the hottest stocks currently trading....wondering if you or someone here knows if LQMT is showing up on that list and what number on that list ex. top 10, 20, 50, 100 etc? I will be honest I have been a long term trader for a fairly good time...I know noone in my circles that up until this point actively trade LQMT on a daily basis. I have never considered LQMT to be a daytraders dream as many here have suggested.
yeah i will be looking to add as well on a dip...but the dip for me would have to be substantial at this point.
At what price does this stock make you a million dollars? For me that number is $1.67.
That is not the way he operates. He will trim and trail. Can't blame him for taking some profit along the way. That is what smart traders do.
From .07 to almost .18 I believe you are correct.
Hopefully he is checking his trading platform via phone while tending to the garden.
Pretty safe to say we can throw the technical analysis book out the window at this point for the time being.
He does not need to send alerts regarding how much he is up to his members. His members can see what he is up real time as he streams his td ameritrade acct. As far as alerts sent re: LQMT in general, none.
JB now up about $133k on his LQMT investment.
Yeah and to think I was saying a pullback to .105 would be healthy....what a fkn idiot i am! LOL.
You gotta be sheeting me lol....ok...fk the pullback lol
We are damn near 90 on the 100 day and 1 year RSI.
3 mill in vol.
Might get 3 mill by eod.
Some nice blocks coming in.
Keep the chickens...they are useful.
.1299, Wow...this is getting scary now....in a good, not use to it kinda way.
Nice call Base!
JB is up $82k today on this move and is now officially green on his 6,882,200 LQMT share position.
I wouldn't mind seeing a healthy pullback to .105 area myself at least briefly.
He is just waiting on a friend (Li) just like the rest of us.
I am not betting it against it. Not at all. I want this to go as high as possible. Yes anything can happen...just trying to keep it real...we are OVERBOUGHT right now....do not be surprised if we have a slight pullback...which again is very healthy.
We are now in overbought territory. Short of any positive news coming out...I would expect a pullback soon, which is healthy for the stock price. Maybe a quick revisit to .10 area before making a newer highs. JMHO
Believe it or not we are entering overbought levels.