Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Poor price action today ... light volume ... the market cannot even get back above .30 area (so far) ... looking like a Poor (low end) Weekly close which often leads to weakness next Monday ... unless we get a late day rally ? ...
Opinions do not really matter ... the market action is the boss... it tells the story ... to those who listen ... yesterday had working Limit Orders in at .0003 ... never filled ... .0004 Filled No problem ... will try again today ....
Ideally ....Weekly Level the market needs to show some strength after this retest of support and Close back above .40 level ... .60 Monthly level ...
Me too !! ... should see a reaction from support today and a strong Monthly level closing would make the charts look really good ... we shall see !!
$400 for 1,000,000 shares ... so where's the risk ? ... who knows maybe a real company emerges...wouldn't be the first time ... I have no plans at all to "watch" this stock ...IF something becomes of it in the future then great ! IF not I really won't even notice...very low risk shot IMHO ...
GAP at the .05 level ...
Stock going Down on "Positive" news can be a problem ... it means everyone who wanted to Buy has already done so ... Sell the News as the saying goes ...
Very interesting ... Thank You !!
looking at this stock ... minimal risk at these prices...do you know what the Spike to .2501 was all about ? ... Legit company ? TIA
Light Volume ... so not a lot of participation on this retest of support ....
IF the company itself is legit ... they have quite a bit going on it seems laying groundwork for the future ... A good Long term investment with minimal Low risk entry point ... haven't finished DD but hopefully insiders are Long the company stock themselves ...
I like this industry a long term growth area ... First Graphene should do well ... Low Risk entry at current levels ...
Excellent Long term play here as well ... looking to Buy
I think you are right Harry ... I agree and more importantly so do the people running the company on a day to day basis ...
Looks like it's a fact of insider buying and exercising their options ... for the Penny stock world that is about as good of a Buy signal as you can get ...Nice retest of the $1.00 level already this week ... Uranium is going to get back into focus as an energy source so I think Demand for it will grow considerably in the future ...
Lack of Demand ... for now until this market moves above it's intraday Trading Range .06 - .08 ... it has not happened yet ... so this sideways action will continue ... since the market is coming from weakness on the intraday level ... as I mentioned yesterday that .05 was possible ... so far .06 is Holding ... but until the market breaks above and MOVES AWAY FROM SUPPORT ... lower levels may still need to be retested ... MARKETS ARE NEVER WRONG ... it is what it is until "something" moves the market ... volume seems light so a general lack of interest ... everyday cannot be a huge mover ... I too am a Buyer here but I don't expect a breakout just yet ... CHEERS !!
Hourly close back above .063 ... likely tells us this was a Shakeout ... Follow Thru Buying is necessary so we wait and watch ... Trading ranges are necessary for markets to Rest and build up energy for the next leg North ... ALL markets need Sellers ( anyone Long from .000s can off load supply at a nice profit) ... Longer term investors have time to scoop up shares as many here seem to be doing ... CHEERS !
Still waiting to complete the Fill at .0526 ... but IF not .06s is fine :)
Hourly level "should" (ideally for Longs) see a reaction at the top of the hour 11:00am ... we want to see Price action MOVE AWAY from areas of Support
Partial Fill 7600 of 10000 at .0526
Friday ... I mentioned the Poor Weekly close ... lack of demand ..and that .05 support area "might" need to be Retested ... so here we are getting into that area ...
ITYS ..... Thank You for the info !!!
Hopefully ... the CEO has his OWN MONEY invested in the company ...
3min ... Thanks for the analysis as I am not familiar with it... but I hope you are right, that would be fine by me as I am Long ...my scenario would only see a brief (hopefully) retest of .05 area before finding more Buyers ... normally a healthy Trading Range would form before the market heads above .14 level ... I am just an "old school" commodity futures guy so I look forward to watching things play out as you anticipate CHEERS !!
for me THAT IS SOLID !! .. it tells me the management is for real and legit ... it means they are sincere in their quest to grow this company and operate it in the right way ... fantastic !! ... they will be Investment Grade over time .. NASDAQ eventually ... sky is the limit .. a la Warren Buffet .. "hold the shares forever" ... .07 ... .05 ... ALL will look silly over time ... 2001 Amazon at $5.00/ share now $3200 LoL ... you could have played Golf everyday and grown wealthy !! 20 year Buy and Hold ... CHEERS !!
Awesome JV ... I think this company is for real ... hopefully corporate insiders are also Long with their own money !! ...
I'm buying at these levels my self ... but .05 would not surprise me early next week ... CHeers !!
Yes ... as great as the company's fundamentals appear to be ... apparently still not many investors are familiar this company, at least not enough to this point in time to take out .20 level ... therefore it must go down first to find demand ... generally for a market to Sell-off on "positive" news tells us that everyone was already Long who intended to be (for now) ... so the market got Sold .. it's 50% off yesterday's High ... retest of .05 would not surprise me at all ... IF you are investing for the Long term today's action really is nothing but a day at the office ... the managed money crowd likely needs to see more before they would get involved in a big way
Not sure ... I'm not up to speed on the fundamental side ... I just follow the volume and price action ...
I have a standing order there ... just in case we get a washout ...if it doesn't happen today then possibly Monday :)
Hey IF .065 Holds .. that's Great !! I am Long too !
Too far too fast ...A poor Weekly close today ... below .095 level ... will likely lead to more Selling early Monday ... .05 level within easy reach ... the market will go as Low as it needs to find Demand ... enough Demand to reverse this Selling from .14 ... a good consolidation is very healthy for Longer term of course
It's been a great Week ! .. it Gapped from .051 so a good solid close makes the move legit ... like you ...I'm simply Holding ! ... Cheers !!
You could not draw a more perfectly shaped Bullish Pennant formation than is currently formed on the 1 hour chart ... only 2 hours to go for this week so maybe Monday the next advance ... Weekly chart will look nice IF .30 and above holds for the close ...
No real volume at the moment ... after the initial wave of Selling ... it's turned into a quiet Friday so far ...this little rally is running into short term resistance now .085 .... fwiw ... I am Long for hopefully the rise of this company to the level of Investment Grade ... but that may not happen today ...IF there is a retest of .05 I'd rather Buy down there vs .075...of course things can change after lunch .... Weekly Close needs to be .095 minimum or better... How much "Good News" is already priced in ?
This market has gone Vertical the past 5 weeks ...Weekly level time frame it needs to rest and find support ... ideally needs to close today above .095 (last weeks high) ... if not then .05 and even .03 may need to be retested to see what areas are defended ...
Intraday ... so far .. the market is not reacting ... so may need to probe lower still ... maybe down to the .05 area ... which Yes would be a blue light special IF you're a long term holder of this stock ..
Yes !! ... also perfect pennant on the hourly ... coiling for another run likely ... but not guaranteed :)
Hourly chart is coiling ...usually continuation pattern ... .3295 last ... .60 next resistance after .40 level ... can easily get there
Quarterly resistance at the .14 level ... Monthly .14-.20 ... when it gets above .20 on a sustainable basis there will be plenty more room to run !
Thank You !! to AdamS007 for the heads up regarding MGON ... it certainly looks good ... wondering how it will hold up as the overall equity markets become more volatile and a correction is due anytime ... but longer term I like MGON and Bought a few shares yesterday ...keeping dry powder IF prices go lower still ...possibly .05 level Weekly and Monthly support
But ALL SHORTS become great Buyers at some point :)
Agreed ... the laws of Physics haven't been repealed ... Certainly this market can go Higher ... but it also needs to rest ..regroup and form intraday Trading Ranges along the way ... it is actually a HEALTHY process for the markets ... it can STILL make a new High today but not the end of the world if it doesn't ... IF indeed big players have begun to have interest in AABB they have to accumulate as quietly as possible ... they would not just Bid the market up instantly ... that would only happen if there were a Buyout / Merger type scenario .. last .2698
My only question is How much Good News is already being priced into the market ? At least for the time being ... 1-3 years out ...that's a different game ...