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First I thought not to respond to your stupid post, but, it's Sunday night here, and was a very good day for me, so I will try to teach you something.
Click the link below and you will see an annotated chart I posted here yesterday, where you can see that really is possible a run to those values, because this stock is a very low float stock, and stocks like these are not normal, it's just pure buy and sell pressure, they almost no respect resistances, this is not a question of to be realistic or not, it's not realistic a stock run 800% in a day, it's not realistic a stock run more 370% after that 800% run, it's not realistic a stock run 4,800% in two days, but, this stock did all this, so this stock is not a normal stock.
You don't know me, I hate pumpers or bashers, I trade based on T/A, and I trade penny stocks for a living since 1997, what I said is that a run to .20 . 32 is possible, not that will happen, but, if you look my chart you see that another candle equal to the candle of last week, with the same length, will touch .32.
Of course that is only pure speculation, because this stock is not a normal stock, it's completely irrational, we need to think in an irrational way too.
Just to finish, go call intellectual dishonest someone from your family, ok?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36120873
That is what I told, Friday was a very good surprise because after a 4,800% run, no sell-off, only a 25% pull back from the HOD.
P.S. - Thanks for the MB
Absolutely, I am a chartist and I agree with you, play the chart is the only way to make money, the problem is the guys that think that penny stocks have "fundamentals", LOL.
I agree that the behavior on a Friday was surprisingly very positive, but, I considered the pull back because people that bought at .0004 - .0005 already have a 10 bagger and they may want to sell, we will see tomorrow.
If we all hold our shares, this will run to .20 - .32 easily next week.
Annotated weekly chart with T/A
I bought 380,000 shares yesterday, at .0020, with my $1,000,000 challenge account, I will make a $1,000,000 till December 30 beginning with $1,300, I expect a big run here and I hope for a sell price at .010 - .015 or even higher.
The chart below is the weekly chart because it is better to analyze, the breakout is powerful, after a 4,800% run, the stock only pulled back about 25% from the HOD = HOW, this is really a signal of great strength.
For the next week, we have two scenarios, or the stock will first pull back to .0020 - .00085 (the closest support points), and after the pull back, run again to higher levels, or it will continue running like crazy, ignoring completely the T/A, both scenarios are possible.
I am a short term trader, a T/A, I don't care about the company, this one or any other, I am here for the money, nothing else, just to clarify.
Anything in the chart that you don't understand, just ask me here, don't send me PM's.
GLTA
Technically looks much better now, we have an higher low and an equal high, this resistance at .007 looks strong, however, I think that if we have 1,000,000 shares bought at this price, it will fall.
Usually I don't like news, but, I agree that today would be the right day to put good news out.
That idea that penny stocks don't trade on technicals is totally wrong, look the chart and see why it retraced to near the open on the fourth day of the run, yes, the MA200 was there, and why it supported at .004? Yes, the MA200 and the PAR SAR are there, now as support, what is it if not pure technical analysis?
Goood luck to you
Technically the stock must pass .0070 today, if not, it will give a signal of weakness and build a strong resistance at .007, it's not a question of to be in a hurry or not, till now it was not able to even trade at .0070, of course that this detail worries me.
I have no doubts about it, but, we need much more volume to break the resistance at .007.
Hi DBEN :)
The bid and ask you see, are the market maker's values, not our bids or asks.
Strictly based on T/A, we will test .010 today, we had 6 green days in a row, followed by only 2 red days, all this after a 15,000% run, the stock is still trading above the PAR SAR and MA200, both daily and weekly charts are powerful, one of the most or even the most strong chart I have ever seen in 12 years trading penny stocks, this is a traders dream.
Yesterday's candle is a good white candle and we should see a 50% - 100% increase today.
I bought this at .0033 with my $1,000,000 challenge account (I will turn $1,300 in $1,000,000 till December 30), and I am confident that it will stop somewhere between .10 - .25.
Go IGTP :)
GLTA
P.S. - Please, don't send me PM's because I am a free member and I can't respond.
looking_4_runners
I have also a forum with 600 members, just click the "Forum" button on the blog.
IGTP daily and weekly charts are the most powerful I see since a few years, all is pointing to a test at .07 before any pullback, after a pullback, .10 - .25.
Bingo :)
As a company I haven't any interest, I just trade based on T/A, I am here for the money, nothing else.
Good luck to you, I hope you achieve your goal, it's possible trading penny stocks.
The best way to keep in touch is on my web site, I'm not a daily visitor of IHUB.
The strength and also the relative short candles, when I see a very long candle, I know that it will need to pullback, when I see candles like IGTP does, I know that it will run very high because it gives the opportunity to make small intraday pullbacks.
looking_4_runners, I can't private reply, I am a free member, no problems at all.
GLTY
Absolutely no offense, and many thanks for being a member :)
Yep, and IGTP is giving a great push.
I have my own stock blog and forum and time is always short, but, I will try.
I also bought with real money, I am trying to make a $1,000,000 till December 30, beginning with $1,300.
I bought 187,000 at .0033.
I bought IGTP at .0033 for my $1,000,000 challenge, and I must say that I am very happy.
It has resistance at .019, .0218(PAR SAR on the weekly chart), .03, .07(this one is strong), .16 and .27(MA200 on the weekly chart).
Good luck to all.
You forgot the PAR SAR, it will be a strong resistance at .40.
I began with $1,373, I have 15 months to make $1,000,000, I think I can make more than 3% in each trade :)
Not bad, and just shows that what I am trying is not difficult.
Thanks, but, my challenge has nothing to do with MLM :), it is pure trading, only stocks, and only long.
Thanks, I am sure I will be able to achieve the $1,000,000 goal.
NEXM is the first pick of my $1,000,000 challenge.
Many of you know that I have my own penny stocks blog and forum, a few days ago I began a challenge, I began trading with a $1,373 account and I will try to make $1,000,000 till 12/31/2009.
All those that want to follow my trades, can track the account through Covestor web site, real-time, the account is connected with Covestor using an encrypted system.
My price target is .25 - .30, but, it has a strong resistance at .20, so I may sell at .20.
Right now NEXM is touching an intraday resistance at .17, but, should not be a problem, IMO.
Good luck to everybody.
Oilstrike, .014 - .010, my take is .012.
I can not private reply.
Good luck.
Just to remember, this is my original message with my analysis and annotated chart, you can see perfectly where it will stop.
Good luck to all, next time, take more attention to the charts, for your own good.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30460230
Cheers
Dr Pennystock
OLDSCHOOL110, do you still think that "this is NO chart play, you would know that if you did your DD"???
Technical analysis is the ONLY way to make money trading stocks.
Slazenger7, do you still think that "charts are absolutely meaningless", just to quote you??
Oilstrike, I think that you don't think the same right now as a few days before in response to my post.
Remember, .010 or slightly above.
Cheers
Dr Pennystock
GLCC daily annotated chart and analysis.
The stock has support at .010, .006 and .003.
It has resistance at .02, .027(MA50), .039[PAR SAR and the red descending line (trend line)], .063, .08 and .125.
At this moment, the stock is trading inside the straight channel, with bottom at .010 and top at .020, both, the support and the resistance are strong, in my opinion, the stock will trade sideways for a while, maybe 1 month, and after this accumulation period, it will try to break the resistance and run up.
ERHC annotated chart
The stock has support at .36, .31 (MA200) and .26.
Resistance at .43, .48 (MA50), .50 (PAR SAR) and .61.
The stock is trading inside a channel with bottom at .36 and top at .61, but I think that the stock will break the support at .36 because the ADX already gave sell signal [the +DI line(green) crossed the ADX line(white) to the down side], also the RSI is touching the 30 line and looks like it will cross this line to the down side, MACD is negative.
Conclusion: The possibility of the stock break the support at .36 is strong, I am not telling that it will happen, but, looking to the technical signals, all point to that.
DPDW analysis and annotated chart.
The stock has support at .76, .65, .55 and .44.
Has resistance at .975, 1.02 (MA50), 1.05 (MA200 and PAR SAR) and 1.268.
The stock is trading inside a straight channel with bottom at .76 and top at .975, the support at .76 is relatively strong, but, the resistance is much more strong, between .975 and 1.05 we have MA50, MA200 and PAR SAR.
It's possible the stock trade sideways for a while, but, the probability of break the support at .76 is about 70%, if the stock break this mark, the next support points are at .65, .55 and .44.
BIHC annotated chart and analysis, take a look.
The stock has support at .010 (ascending green line), and, at .0055 (previous resistance point).
Resistance at .045.
As you can see on the chart, two of the most important indicators are overbought, another already gave sell signal, in my opinion, the stock will fall to .010 or near, and will rebound there.