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Lmao look at his timeline of posts - creepy for sure
Vader, may the force be with us. Here are a couple weekly views. Inverse H&S I called a month ago came to fruition this week. And hit the exact Measured Move of .75(what a coincidence for a stock that you're unable to use TA lol). Anyone can look up "Head & Shoulder Measured Move"
2nd weekly shows how Inverse H&S hit the exact resistance from May top(this stock has so much randomness and coincidence; especially for a stock that is impossible to use TA) just sayin as the kids say. I also circled the Indicator at top to show how we held the centerline. Let's just say this is good..very good. You can see the whipsaw / head fake; many terms for this action ~ where we dropped below the long term trendline and popped back above is also bullish....very bullish.
THERMO has already called 1-800-FLOWERS....I'm certain of this
Been hearing the perma bulls always taking this “10 bagger” slang….I went to Florida State, so math little slow….what’s .73 * 10? Just sayin
Everything I see is still lining up for June, so I guess I will address your speculation in a few weeks if we are still here
Reminder after some are disappointed with ASCO: May/June Flowers not related to ASCO
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Well done Soj....So you know how I like to chart the Indicators. I'm a big believer at times(not all the time, but at times) the Indicators are actually more important than price action. Certain Indicators don't always move in tandem with price action.
Someone on this board, may have been Gary, told me about IMGN and how price broke out without any TA setup or ability to chart. This statement of course had me want to analyze IMGN right away. Not calling you out, or bragging, but it took me all of about 30 seconds to recognize the channel and then breakout, along with the Indicators' wedge breaks.
Amazingly enough, or crazy coincidence, our baby NWBO has some eerily similarities with IMGN pre breakout action. Both charts below. IMGN had a 6 month death march channel along with Key Indicators forming wedge I have above and below price going back over a year. Sure enough price broke out of channel and of course broke out of both Indicator Wedges. You guys all see me constantly using the terminology "Back Test and Go". Well sure enough IMGN can see price backtested the channel, also both top and bottom indicaotors AFTER wedge breakouts both Backtested Indicator wedges ~ Old Resistance is new Support. **Backtest test and go**.
Now on to NWBO chart below. We just broke out of 6 month price Death Channel / Wedge. Bottom Indicator broke out of wedge. Top Indicator ~ ROC has not broken out yet, but we are looking at a THREE YEAR INDICATOR WEDGE. We are going to see some serious movement when this 3 Year ROC Wedge finally breaks. IMGN just went from $4 to $14 after a miniscule ONE YEAR INDICATR WEDGE break. How far will NWBO price go after we break out of THREE YEAR INDICATOR COMPRESSED WEDGE(COIL TO MAX)? ***LONGER THE BASE, THE HIGHER THE SPACE***
Awesome, thanks for the info
I posted a few days ago, and I still believe that the May flowers, and now June, flowers a.k.a. the next big price movement, with some sort of news is not related to ASCO.
If our buddy Thermo originally stated May but then said it was delayed to June then clearly all along it has nothing to do with ASCO so I’m not worried and tcharts are lining up to June week two or week three
Chicken or the egg with fundamental and technical analysis people will say the price is moving because of some sort of news or PR, yet the charts are telling you this stock is setting up for a big move
Yo Soj ~ Here is Year long 4 Hour Chart. You know I love the chart the Indicators. Fancy Year Long Wedges are all over the place on 4 Hour and Daily. Here are a couple. Below ROC (50) has already broken when we broke out of 6 month Wedge. Longer Term ROC (12) above will break with a significant price break up
June Monthly Candle is available. I know it's only 1 day, but the updated Monthly view is giving a few hints that Momentum has clearly shifted. We are definitely on our way. Check out the Slope (below Indicator) with the EMA. Only the 4th time in 12 years we have a 'Momentum shift' ~ I circled in Blue with the ole Blue Arrow. Sometimes it doesn't happen right away, but you can clearly see historically the monthly action that followed with Slop Crossing EMA.
Very Bottom is a unique Indicator: Chaikin Oscillator. From Google: "Technical analysts use the Chaikin oscillator to find directional trends in momentum" Can see 4 Year Resistance Line has broken.
And lastly, if you zoom in, sure does appear that price has started to break out of 4 Year Downtrend / Wedge. Let's see how this plays out. This stock has performed the ole 'Back Test' many many times on indicators and/or wedges. Will this Backtest again? Time will tell
Thanks Her$hey! I try and do my best to Chart & Post what I see and not what I hope will happen.
There have been times in the past where I’ve posted bear-ish charts. I try and call it the way I see it…..I’ll post weekly and / or new monthly candle later tonight or this wknd
Daily Year View. Added few notes. I like to chart the indicators, they'll tell you where stock is heading. Just realized and updated Resistance line for RSI goes back to the Nov top, and now RSI has a Flag of it's own ~ TA still amazes me. Both RSI & ROC have backtested old resistance lines, and then popped numerous times.
Can also see price had the back test of the 6 month wedge May week 1, and then rocket up into the Pennant we formed now.....June Flowers coming, it's inevitable. Ignore the BS from the clowns on this board. There is nothing they can do or say that will negate what the charts say is coming.
Just like I trade the $SPX / $QQQ / Market with my own tools / charts and NEVER watch news or read or care what the 'Experts' say. Charts are all you need.
The Market works one time frame at a time. Price will never outrun Moving Averages(unless of course huge news, otherwise Algos will take them 1 time frame at a time. Some people use Elliot Wave, some call it Flag, breathing, pennant, moving sideways....they are all doing the same thing ~ Letting Moving Averages catch up. Most people don't understand how the market works.
We already have the Hourly Golden Cross and and below 2 Hour Golden Cross. Next up is the 130 Min chart showing probably today will get cross. 4 hour and daily both have lots of work still.
4 Hour Chart:
1) Up Close view of Inverse H&S AND/OR Flag and Pennant. Whichever it is Inverse H&S or Pennant, they both come to Apex same time. Also have an RSI Flag. Can also see that 50/200 still has lots of work to do...Weird Wacky and Wild Stuff.
2) Year and Half view of 4 Hour. Can see the ROC wedge coming to an Apex along with Long Term MACD Wedge ~ At Resistance.
JFR, Agree…..Every time we may chop around and get whacked down from day to day; I go back and reference this monthly chart.
It’s hard to get too Bearish when the Monthly RSI(Top) AND Pring Special K(below)has an active 7 year support line and BIG bounce this month in May. Pring Sprcial K should have it’s bounce from now going into August.
Assuming the 3 Year Flag will break in June:
“THE LONGER THE BASE, THE HIGHER THE SPACE”
One more for you, David, this was from a week ago of the weekly chart. The updated weekly looks very similar so I’m just gonna leave this. I also circled the top of the channel and if this does break in June of the inverse head and shoulder and there’s no reason why we don’t test the top of the channel by end of July.
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Sorry David that was a recent updated chart. Here the chicken scratch I put together from early May
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David, you can see a few of my previous posts where I started to notice a potential inverse head and shoulder around the beginning of May.
This formation continues and there’s also a pennant that has an Apex completing same time as the shoulder is finishing. Timing of this is difficult to predict; but possibility of this, completing around ASCO time frame.
Although I do expect this to continue past ASCO through Mid to the end of June before some sort of announcement. Here’s where I 1st noted. Timing and chart has cleaned up since 3 weeks ago, but I did notice. Again, must’ve said if I had potential five times here, but the price target I circled is simply the technical measure move if it is a break out from heading shoulders
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Thanks Mortimer & Randolph! I'm far from perfect, we all know this, otherwise I'd be chilling on an island and retired with my expertise! That being said, I would not want to be holding short against this ticking time bomb Monthly Chart. She's ready....I guarantee we break out of this 3 year wedge/flag in June! Get me 1-800 Flowers on Speed Dial for some time in June!
Yes, it’s still going to break up. I was just updating and corrected my assumptions that it was an ASCO wedge break. I now think it’s going to be mid or late June and that Thermo news and the charts are not related to ASCO…in my opinion
Thermo 1st stated May Flowers, and then hinted delay to June. This has me reassessing the ASCO Flowers break prediction. If May was the original date, then news is unrelated to ASCO. Thinking now that ASCO comes and goes and then we get our news / break mid to late June. Few more weeks of flagging.
Below are the 3 and half year Log Scale and Linear View of the Daily. You can see both seperate charts show recent test and bouncing off long term support. Also the 2 different indicators (ROC & Coppock Curve) I include above price shows 3 and half year wedges that will break sometimes from now until Aug? We recently hit resistance on both. We are getting much more tight and compressed, both of these ROC & Coppock Cuve Apex will break very soon.
Why don’t you just block me? I’ve already blocked you. I get it, you don’t like my charts. There is a feature where you’ll never have to see my BS
3 Year View of Daily ~ At inflection point and Inverse H&S / Pennant will break in a couple weeks. I've highlighted a great Hind Sight Indicator. Yes, I know TA doesn't work to the ignorant sheep, but the ROC Resistance Line above has been great profit taking levels. We just hit and got rejected; but I think this time will be different. After 3 years of squeezing / coiling; this is ready to explode. Longer the Base, the Higher the Space:
And a Doji (in downtrend) at the top of the Head to add an extra exclamation point to Trend Change. You can also see the shoulder finishes around June Week 1-2. Anything happening around that time frame?
Thermo, if there is no communication from company on submittal, how then would we know if the flowers are blooming in May(now June) or not?
Damn, look at that monster C&H. Thumbs up Emoji
Sojo correct. The 3 year base; similar time frame we are seeing on current Monthly Flag / Wedge. The saying "The Longer the Base, the Higher the Space" doesn't just rhyme......it is a real thing. Here is current weekly view. Called the Doji in down trend 2 weeks ago / coincides with wedge break. RSI above shows Apex upcoming and below Macd Histo with SMA is self explanitory.
I get it....TA doesn't work on this stock. But you can see the random lines over the past 3 years of Basic TA. Sorry not sorry it is what it is.
If slips 2 months, we will live. This Monster Monthly Bull Wedge & 7 Year RSI support line is going to play out no matter how much debate is had on this board or what is said on Twitter between experts. Just like Thermo stated the rest is just noise. Nothing can stop what is coming.
Btw, I apologize to all my TA haters on here. I have blocked u long ago. You will just have to scream in the mirror or dark room.
Take the suit!
Funny / Ironic that there def are some similarities with the Indicators / RSI wedges breaks. There are VERY JUICY Indicator Wedges on the Weekly that are very close to breaking ~ I'll post weekly update this weekend after we close above 60 today!
Gary, I took a quick look at IMGN for the first time. I drew the channel lines and indicator wedges in about a minute and half. Haven't even looked at Weekly or Monthly(that's where you really can tell health of a stock). My point is I am able to see TA very quickly with how long have been doing this.
Yes Hindsight 20/20 but IMGN chart clearly shows channel break with the ole back test and then explosion. Now do you guys see why I always chart Indicator Wedges and when coming to an Apex and breaking out? I am a big believer on Indicator Wedge breaks are as important if not more important than price charting. See RSI long tern support and breaking resistance all happening at once. 15 month MACD Support and Wedge broke when IMGN broke out of channel and backtested. I wish you told me to look at IMGN last moth!! lol
Year long view of Daily. Finally broke out of 6 month Bullish Wedge. Figured it would be a large break when you're dealing with a monster wedge. Longer the Base, the Higher the Space. We also regained the long term .60 support. Appears we have been in a 2 month Head Fake as long as .60 holds this week. Weekly chart is even juicer.
We have been getting rejected over and over against the year long RSI Resistance line since 5/10. Similar to below MACD since 5/10 last year hitting resistance. Both broke through the 12 month Resistance lines this week with the Wedge Break(Blue arrows added). I know TA doesn't work on this stock and totally random resistance lines. Move along; but please be sure to remind me how TA doesn't work on this stock, and go ahead and include a name call or 2. Thanks