Tuesday, September 19, 2017 11:18:14 PM
GW... its too early to discern a new pattern. cause every picture tells a story, here's a good view of the 6 month chart.
notice the similarities on the spike up from the bottom of the recent handle at .012 to the top at .044, and then how it came back down in the same way (albeit a little faster) to .014. gravity works just the same on stocks as it does on anything else. when this couldn't hold the support of the 50 and 100 day moving averages it became only a matter of time before it dropped further. once again this is seeking an old resistance -- the area around .0104 - .0108 -- in hopes of turning it into support. without a catalyst to change perception, i'd say the chances of testing that 200ma are better than even odds. take a look at the indicator on the top of that chart. its the money flow index, and if you look at it from when this peaked, you'll see the money was already flowing out. as i've stated before, this stock went up too fast, and never formed the basis for a floor to stem the tide downward.
on my template chart, with all the indicators, the only good sign i see is the waning of the momentum indicators. but its in small increments, and not a sign that the bottom is in. this is why its always good to settle for some profit, just in case.
personally, i would wait for a confirmation signal of some sort to herald either the bottom or the reversal before i added on. but, then, a true long is less worried about the current price than he is about the state of the company, and if you've projected a higher price down the line, there should be no such thing as a bad buy. otoh, buying too early is always a problem if liquidity or price average is an issue.
there's one more thing i want to comment on, and that's how that board is hurting the stock more than its helping it. there are very few if any rational posts dealing with the issue of buying, holding or trading. and the lack of talk on other boards makes it all the worse because by and large most of the Hub reads the particular boards to guage interest and knowledge. i ask you: if you knew nothing of that stock and read the board would you find it encouraging or discouraging? DD is not just about putting out a few facts and pr's and using them in supposition to arrive at a conclusion. unless you chose to play in your own bubble, an impossibility if you're on the Hub, its also about assimilating the attitude of the people you read.
notice the similarities on the spike up from the bottom of the recent handle at .012 to the top at .044, and then how it came back down in the same way (albeit a little faster) to .014. gravity works just the same on stocks as it does on anything else. when this couldn't hold the support of the 50 and 100 day moving averages it became only a matter of time before it dropped further. once again this is seeking an old resistance -- the area around .0104 - .0108 -- in hopes of turning it into support. without a catalyst to change perception, i'd say the chances of testing that 200ma are better than even odds. take a look at the indicator on the top of that chart. its the money flow index, and if you look at it from when this peaked, you'll see the money was already flowing out. as i've stated before, this stock went up too fast, and never formed the basis for a floor to stem the tide downward.
on my template chart, with all the indicators, the only good sign i see is the waning of the momentum indicators. but its in small increments, and not a sign that the bottom is in. this is why its always good to settle for some profit, just in case.
personally, i would wait for a confirmation signal of some sort to herald either the bottom or the reversal before i added on. but, then, a true long is less worried about the current price than he is about the state of the company, and if you've projected a higher price down the line, there should be no such thing as a bad buy. otoh, buying too early is always a problem if liquidity or price average is an issue.
there's one more thing i want to comment on, and that's how that board is hurting the stock more than its helping it. there are very few if any rational posts dealing with the issue of buying, holding or trading. and the lack of talk on other boards makes it all the worse because by and large most of the Hub reads the particular boards to guage interest and knowledge. i ask you: if you knew nothing of that stock and read the board would you find it encouraging or discouraging? DD is not just about putting out a few facts and pr's and using them in supposition to arrive at a conclusion. unless you chose to play in your own bubble, an impossibility if you're on the Hub, its also about assimilating the attitude of the people you read.
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