Friday, January 20, 2017 10:08:05 AM
zata,
Of course SFOR can be driven by a News Release at any moment, although in a lot of cases it's leaked out to some before the release.
Which is why I rely on my Charting Method. But this is a Penny Stock and as such, Charting is well..... not Precise in most forms of TA.
I'm not that experienced in Techical Analysis, I used the rules for my tool, which can go deep, but to me are not near as complex as typical TA.
And most probably choose only the few areas they use consistently anyway.
As an example sbronk Posted a line about pinching, referring to I assume pinchers, which on typical stocks work quite well.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127996842&txt2find=Pinching
Double Tap/Click on the charts to get a more defined view.
As you can see just prior to the jump to .007 in the 18th there was a Reversal Buy Count of 4. "Chart 1
Now yesterday you had asked if I want to help you bump the ask up to .0065.
Now on the 18th Chart #2 I'm was showing a Reversal Sell Count of 2.
And on the 19th, Yesterday it followed through with a Reversal Sell Count of 3.
And as you can see on the 5 Min Chart Yesterday Chart #4 an Exhaustion Sell Count of 17 around the time your asking me to Bump up the ask.
Basicly, helping you to try and move the ask to .0065 would have been an effort in Futility.
I hope I got all the chart numbers and statements correct, it's easy to screw up when not making a two line post.
Jan 13th Day Chart #1
Jan 18th Day Chart #2
Jan 19th Day Chart #3
Jan 19th 5 Min Chart #4
Unique in the way its done in this Chart Package the Trend Reversal Indicator is based on 9,13 Count Indicator, a highly sought after technical analysis tool.
Trend Reversal Indicator is based on counting price candlesticks or bars in anticipation of trend Reversal or Exhaustion. It has an impressive record of identifying and anticipating turning points across the FX, bond, equity and commodity markets. The Reversal predicts the Reversal pattern, whereas Exhaustion anticipates trend Exhaustion.
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