MMEX Resources Corp (MMEX): MMEX weekly chart(s).&.Syndication News~...

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Sunday, 03/18/2018 12:48:31 PM

Sunday, March 18, 2018 12:48:31 PM

MMEX weekly chart(s).&.Syndication News~~~Down –8.00% for the week closing at $0.0046 on volume 57,621,328 down 76,391,896 last week.
5 day average dollar volume $43,366 ($0.0046 x 9,427,347) down from $69,303 last week (source numbers from ProfitSpy)
Note:~~~ we have a short term bottom reversal setup in our dilutive primary downtrend, see measure chart rules.
~~~Also, for the aggressive traders, check out the trigger chart because some of the indicators are moving in the right direction.
chart & tools thread post

* Syndication flow chart, Maps of Pipeline & RR are at the end of this post.

Event catalysts and Syndication updates this month
* WTF is a Syndicate?
https://www.investopedia.com/terms/s/syndicate.asp
* Shareholder Letter, Mar 05, 2018
http://www.mmexresources.com/pdf/MMEX_Shareholder_Letter_March_2018.pdf
* 10-q March 09, 2018
https://ih.advfn.com/p.php?pid=nmona&article=76909367
* Internal: Prospectus Filed Pursuant to Rule 424(b)(3), Mar 13, 2018
https://ih.advfn.com/p.php?pid=nmona&article=76941581

Possible External factors impacting MMEX during 2018
(+) Aging infrastructure of the US oil and gas industry, Feb 20, 2014
http://canaryusa.com/stresses-of-middle-age-for-todays-refineries/
(+) Trump to Call for U.S. ‘Dominance’ in Global Energy Production
https://www.bloomberg.com/news/articles/2017-06-25/trump-to-call-for-u-s-dominance-in-global-energy-production
(+) Texas companies scramble to meet demand for refined products in Mexico (Hanks quote)
https://www.bizjournals.com/sanantonio/news/2017/03/17/texas-companies-scramble-to-meet-demand-for.html
(+) Oil Sees Strongest Start Of Year Since 2014, Jan 2, 2018
https://oilprice.com/Energy/Oil-Prices/Oil-Sees-Strongest-Start-Of-Year-Since-2014.html
(+) Pipeline Projects Move Ahead To Tackle Rising Texas Shale Output, Jan 05, 2018
http://www.texansfornaturalgas.com/pipeline_projects_move_ahead_to_tackle_rising_texas_shale_output
(+) VFuels Completes FEED for MMEX Resources Corporation,Jan 9, 2018
http://www.vfuels.com/news/
(+) Easy financing
https://www.bizjournals.com/austin/news/2017/03/08/austin-oil-and-gas-company-gets-400m-investment.html?s=print
(+)Exxon Mobil announces $35 billion in new US investments over 5 years, citing tax reform Jan 29, 2017
https://www.cnbc.com/2018/01/29/exxon-mobil-to-invest-50-billion-in-us-over-5-years-citing-tax-reform.html

* Event chart pattern rules
http://thepatternsite.com/eventpatterns.html.
* All OTC listed splits this year
https://www.otcmarkets.com/market-activity/splits
* Stock Splits rules
http://thepatternsite.com/StockSplits.html#NOB1a
* More reverse split info
http://www.investopedia.com/ask/answers/06/reversestocksplit.asp?ad=dirN&qo=investopediaSiteSearch&qsrc=0&o=40186
* Market cap & Performance rules
http://thepatternsite.com/markcap.html

Share Structure
Market Value $7,686,712 a/o Mar 09, 2018
Authorized Shares 3,000,000,000 a/o Sep 21, 2017
Outstanding Shares 1,733,190,048 a/o Mar 09, 2018 from 1,464,263,078 a/o Nov 07, 2017
Restricted 913,369,429 a/o Nov 07, 2017
Unrestricted 819,820,619 a/o Mar 09, 2018 from 550,893,649 a/o Nov 07, 2017
Float Not Available
Note: Float is 820 million prior to conversions. Total o/s minus insider and restricted. With conversions it is likely to increase.
https://www.otcmarkets.com/stock/MMEX/profile

* Moving Averages
5 Day Moving Average $0.0046 down from last week $0.0053
5 Day Average Volume 9,427,347 down from 13,075,990
http://www.profitspi.com/stock-quote/mmex.aspx

* Syndication flow chart, Maps of Pipeline & RR are at the end of this post.

* Worldwide Web chatter MMEX & MMEX Resources note: MMex is an Australian IT services company.
https://trends.google.com/trends/explore?date=now%207-d&q=MMEX,MMEX%20Resources

* MM Short Volume or "MM intra-day order processing volume" except bi-monthly link
http://otcshortreport.com/company/MMEX?index=MMEX&action=view every 2 days
http://volumebot.com/?s=mmex daily
http://www.shortvolume.com/ chart source for the link below (you have to toggle the timeframe after entering symbol)
http://www.shortvolume.com/chart_engine/draw_chart.php?Symbol=evio&TimeRange=30&; every day
http://regsho.finra.org/regsho-Index.html (MMEX is reported in the ORF section) daily
https://www.interactivebrokers.com/en/index.php?key=mmex&cntry=usa&tag=&ib_entity=llc&ln=&asset=&f=4587&conf=am&amref=1 hourly
http://www.buyins.net/tools/symbol_stats.php?sym=mmex up-dated hourly
http://shortsqueeze.com/?symbol=mmex&submit=Short+Quote%E2%84%A2 bi monthly

* Knowing Your Market Makers
http://www.32trades.com/market-makers-knowing-what-youre-up-against/

* Monthly Share Volume
http://otce.finra.org/MonthlyShareVolume

* Profitability margins
https://csimarket.com/Industry/industry_Profitability_Ratios.php?ind=606

* DOE Summary of Weekly Petroleum Data
https://www.eia.gov/petroleum/supply/weekly/

* Current Issues and Trends (also Irma & Harvey news & effects)
https://www.eia.gov/petroleum/

* US Refinery Rate & Investment tools
http://www.investmenttools.com/futures/energy/index.htm#refinery

MONTHLY We start 3rd week of March down –22.03% closing at $0.0046 down from $0.0050 on total volume 153,692,384 compare February volume 246,278,500
http://stockcharts.com/h-sc/ui?s=MMEX&p=M&yr=2&mn=0&dy=0&i=p36048042088&a=547188854&r=1506614004988

WEEKLY~~~ Symmetrical Triangle, breakout down, no pullback up. We have 3 weeks of lower closing high and closing low after an weak 3 week uptrend.
*Symmetrical Triangle rules
http://thepatternsite.com/st.html
* Cup and Handle rules
http://thepatternsite.com/cup.html
* RB measure rules
http://thepatternsite.com/roundb.html

http://stockcharts.com/h-sc/ui?s=MMEX&p=W&yr=1&mn=0&dy=0&i=p12807019550&a=547189097&r=1506614504287

MMEX measure chart: Measured Move Down channel, morphed into a short term 3 week for the Ugly Double Bottom possible triple bottom setup,,, another tradable pattern now closing the week with a rare bullish setup candle pattern!!!

* Bullish tri-star
http://thepatternsite.com/TriStarBull.html
* Triple bottoms
http://thepatternsite.com/tb.html
* Side channel, Rectangle Bottom
http://thepatternsite.com/rectbots.html
* UDB rules
http://thepatternsite.com/udb.html
* Ugly outperforms the pretty ones!!!
http://thepatternsite.com/ugly.html
* The Swing Trap
http://www.swing-trade-stocks.com/swingtrap-chart-pattern.html
* Throwback rules
http://thepatternsite.com/throwbacks.html
* Pullback rules
http://thepatternsite.com/pullbacks.html
* Turning point rules
http://thepatternsite.com/PartialRisesDeclinesThrowsPulls.html
* Finding Market bottoms.
http://thepatternsite.com/Bottom.html
* Money Management, Day Stops & Volatility Stops
http://thepatternsite.com/ThrowPull.html
* Down channel
http://thepatternsite.com/channels.html

https://stockcharts.com/c-sc/sc?s=MMEX&p=D&yr=0&mn=5&dy=0&i=p78431782771&a=567780950&r=1515117792212

3m DAILY

* Note conversion and shorting continues for 16 weeks of dilutive down channel to a tight boxed 006 area.
* Daily chart shows strong retail (AccumDist) support, MFI and ChiOsc trending positive for all of week.
* TREND: ADX crossover Monday and holding positive all week.

* This list to see the shorts.
http://www.32trades.com/market-makers-knowing-what-youre-up-against/
The list above is based on order of recent activity with AEXG being the most active in transactions and CRTC the least active. The “Three C’s”: Citadel Securities (CDEL), Canaccord Genuity (CSTI) and Cantor Fitzgerald (CANT) are almost always on a ticker together with the four more trusted sources mentioned above. While these “Three C’s” are rarely toxic diluters, they can be heavy short sellers at times, taking advantage of a good thing which is part of the game.
* We are getting T trades and strange buy/sell totals on Level 2.
* Conversion totals prices are: Interest Rate + (Note Value x 150%) = The Real blood sucking Variable Exercise Price

Outstanding notes a/o July 31, 2017

maturing interest variable exercise price
------------------------------------------------------------------
October 19, 2017 12% $ 145,000
December 12, 2017 8% $ 80,000
May 15, 2018 8% $ 115,000
May 16, 2018 8% $ 60,000
May 24, 2018 8% $ 173,000
March 30, 2018 12% $125,000
*June 01, 2018 12% $115,000
Form 10-Q Quarterly Report* 09/12/2017 07/31/2017

https://www.sec.gov/Archives/edgar/data/1440799/000147793217004429/mmex_10q.htm
* Subsequent Event
Note: A reserve of 810,836,463 class A common for outstanding warrants and above notes.

* MMEX allocated 63 million shares for these notes we should be finished with T-trades and “at the market” distribution.

* Insider buying (CMF & StochRSI and "bumpy" OBV) is propping up the PPS along with retail (AccumDist) keeping us in the narrow 006 side channel this week. Conversion continues with block trades and the T-trades. Four session week coming up, trend is up and if no surprises (block trades) we should be up a modest 5% closing next Friday because we all know by now how traders love the retraces.

* Who are these guys?

OBV = Insiders, big share holder investors(institutional, etc. and Registered shareholders, that is; individual shareholders with more than 5% holdings in the company.
Accum/Dist = over the counter individual Retail shareholders with less than 5% of the company stock.
ChiOsc = those who control the stock PPS and chart actions, that being MMs. Try to think of the various MM shops as computer driven algorithms which in reality what they are.
~~~These three technical indicators have explanations on StockCharts.com and other places, that tell what they do technically, but they also work to track the buy/sell sentiment of the different sectors of shareholders
*** The Four Dilution Over Indicators
Watch for OBV, CHiOsc, MFI and Accum/Dist all turning up together... with less weight to Accum/Dist. & more weight to ChiOsc & MFI turning up together.
* Who is buying and selling:
When CMF is in selling and Stoch RSI at BE IN, retail is buying and big guys selling. When CMF is buying and Stoch RSI is at BE OUT, Retail is selling and big guys buying. I think of Stoch RSI as what retail wants and CMF the bank. Customers deposit and withdraw from the bank, during conflict.

https://stockcharts.com/h-sc/ui?s=MMEX&p=D&yr=0&mn=3&dy=0&i=p75407060163&a=555723415&r=1510359520169

15d 60min
https://stockcharts.com/h-sc/ui?s=MMEX&p=60&yr=0&mn=0&dy=15&i=p67040221361&a=548167419&r=1507046589117

6d 15min
http://stockcharts.com/c-sc/sc?s=MMEX&p=15&yr=0&mn=0&dy=6&i=p58340258228&a=557687427&r=1511030177083

Common Trigger Chart

Note: This is the chart URL, and it is a universal template. You can replace the MMEX symbol with another stock. Bracket the URL using the IHUB “image” function and you will be able to post a chart anywhere on IHUB. If you feel really ambitious you could try to post this URL on the breakout boards in chart form and just hope you don't get a TOS violation with a royal screw-up. smile

http://stockcharts.com/c-sc/sc?chart=MMEX,uu%5Bw,a%5Ddhclyiay%5Bdb%5D%5BpB50!b2!b5!d20,2%5D%5Bvc5!c20%5D%5Biut!ub5!ua5,15,10!uv8!lk9!ll5!lc15!lf14!up5,5%5D%5Bj20444984,y%5D&r=3555

#1. AROON- 8 You watch as the AROON DOWN crosses the 75 down and the AROON UP comes up from zero. Most important. (\0/)
#2. WILLIAMS%R- 9 You watch the line cross the 50.
#3. CMF- 15 You will usually only see growth when the CMF is in the negative.
#4. ADX/DMI-5 You watch as the D+ line either crosses the D-, or crosses above the 20.
#5. MACD histogram- 5,15,10 You watch the negative bars register -50% smaller then the bar before it, or -50% smaller then the largest in the grouping.
#6. Full Stoch- 5,5 You watch the fast line cross the slow line while the AROON DOWN(8) crosses the 87.50. Crossing the 20 would be best, when the Williams agrees.
#7. Bollinger Band 20,2 You watch for the Magic Box to occur when the negative close touches above the lower bolly and the next day’s close to it is positive growth in a white candle.
#8. RSI 5 you watch as the indicator crosses above the 50 for a quick pop.

THE MAGIC BOX
A gift from The Seasonality Stock Reports Board
The reason that I named this setup the Magic Box was so that you could relate to it and remember it faster. Without relationship to something, it is nothing to us. It must be something memorable to you before you can set it into your subconscious mind and see it always.

(A) The Magic Box is a pure two-day pattern. Basically the "close" of a red candle printing on or near lower Bollinger Band with the next day printing an "open white candle."
(A1) On day one the Aroon Down is setting at 100 on the indicator and price is near the lower Bollinger Band. The Candlestick is dark-shadowed.
(A2) On day two, to form the Magic Box, the Aroon Down must drop to 87.50, and price to form a white candle, to complete the box. No other indicator is watched until this occurs for this setup, just the Bollinger Band and the Aroon Down.

If you see a Magic Box develop, that being, on the first day the Aroon Down going from 100.00 while the close is either on or just above the lower Bollinger Band and the second day the Aroon Down is now 87.50, you have a Magic Box.

(B) The buy opportunity occurs when the confirmation of two things happens: on day three or few days later the Aroon Down goes to 75.00 and the Williams%R comes above the -50%. That is the buy. The Williams must come through the -50%. It may take more than three days but you must wait for the confirmation of the William%R. I have seen again and again, the Aroon Down come down from 100.00 to zero without the Williams ever crossing the -50%, those are the ones you pass on. There will be no growth when this happens. At most there is consolidation or a small drop. During this process the Aroon Up can rise slowly but without the Williams you have nothing.

There are other Magic Boxes that develop in a stock's life cycle, too, and they, too, can give great growth. These are the supported median, the floating, and the rising Magic Boxes. The buy-in criteria, though, will remain the same for all of them. The Aroon Down comes to the 75.00 and the Williams crosses the -50%. Sometimes it takes 3 days to accomplish this in a chart, though the William%R can sometimes take as long as 5 days to confirm. You must wait.

Trading: It is highly recommended that you paper trade the system to familiarize yourself with it thoroughly. As with anything in life nothing is guaranteed, so, always use appropriate stop loss according to your risk tolerance.

Kenneth J. Goodrich
http://investorshub.advfn.com/SEASONALITY-STOCK-REPORTS-1616/

Day trading STP charting:
Note: This only works with the 2 day 10 min chart.

* Text & Source: http://investorshub.advfn.com/Short-Term-Pinch-(STP)-32033/

The EZ way to Understand My Abbreviated Short Term Pinch Known as (Big Sams ASTP Chart)

The Top heavy blue PPO(12,26,9) and FullSTO are the Buying indicator
The Bottom heavy blue PPO(12,26,9) and FullSTO are the Sell Indicator.

The Top and Bottom PPO/FullSTO are Identical

The Middle heavy red PPO(26,12,9)/FullSTO Indicator is the Opposite of the Top and Bottom PPO(12,26,9)/FullSTO Indicators and is the Key to how it works as it will go to the Top or the Bottom.

The Heavy Blue Line for the PPO(12,26,9) is the Main Indicator Line and when it Hits the FullSTO just ahead of the Other Indicator Lines it sets in motion when buying or selling will occur and gives you a Very Clear Picture of what is Going to Happen,
If Middle red Pinches at the blue Top, The Price Will Go Up
If the Middle red Pinches at the blue Bottom the Price Will Drop.
When all the Lines Come together it looks like an Arrow as they all come to a Point.
When this Arrow Point Starts to Come Apart it Signals when Buying or Selling will start pending on which PPO/FullSTO Indicators came together (Top is Buying, Bottom is Selling, Really EZ to understand and follow)

THE "Short Term Pinch" or "STP"
When you see the ADX5 Spike up and at the same time all 4 lines from the Bottom PPO/FullSTO drop down to the bottom and they Sort of Come Together and then Come Apart, this is called a "Short Term Pinch" or (STP) (The ADX will usually Go up, get close, and then curve back down and right as this happens the 4 PPO/FullSTO Lines Start to Turn up (Called, lifting it’s toes up)
When this happens the Stock will shoot up and run. (Remember, These are Short Term plays and why they are called a “Short Term Pinch”)
Make sure you confirm it with the CCI20 as there are Fake outs.
Need the CCI20 to go straight up and usually past 100 and hold above it to Confirm it.
Many times it will lay flat over to the right and you have to wait.
Watch and learn. Once you get the hang of it you will be able to buy before the CCI20 Completes but I don’t want anyone losing money and this is a type of Fail Safe.
I also check my ADX +DI and -DI Indicators and when the ADX +Indicator crosses up Through the ADX -DI it is a Very Positive Sign. If it crosses Down It’s Negative.
If you See the ADX14 +DI Crosses up through the ADX14 -DI its a really Good Sign, If the ADX14 +DI Crosses down through the ADX14 -DI I will usually Sell Some Shares
But you need to look at the whole Picture and the more you watch the better you will get at this and the more Money you will make, Believe me, It becomes Very EZ once you realize what it is you are seeing. I had an AHA Moment when I figured it out.

http://stockcharts.com/c-sc/sc?s=MMEX&p=10&yr=0&mn=0&dy=2&i=p81206957537&a=547192351&r=1512874917589

UPDATE: Abbreviated PPO/FullSTO Short Term Pinch or “STP” Chart Explanation
You will Find that I made My Chart Very Simple to Follow as you are looking at a Moving Picture.
With the Abbreviated Chart there are Only 3 Main things to watch,
The THREE PPO/FullSTO Setups Just Below the Volume and the Candles, The ADX5 with +DI and -DI,
And the CCI20. That’s it. Follow those and you will Always be Right, Always.
NOTE A1: When I Say “STP” I am Referring to a “Short Term Pinch”
NOTE A2: When I SAY CONNECT I am talking about the "Main Red Line" of the Middle PPO/FullSTO as it Connects to Either the Blue Top PPO/FullSTO or Blue Bottom PPO/FullSTO doing, Very Simple.

1.Watch the Middle PPO Main Red and see where it goes.
A. If it Connects to the Top PPO the Stock will go Up
B. If it Connects to the Bottom PPO the Stock will go Down.
C.This is what makes Stocks Change Direction.

2.BUYING: Once you see the Top Blue and Middle Red PPO Lines Connect , Look at the CCI20 and ADX5
A. Usually the ADX5 +DI will Cross through the -DI first as a Confirmation.
B. Then Watch and see what the CCI20 does and if it shoots straight up and past the +100 Line The Stock WILL GO UP.
C. If the CCI20 starts to go up and then rolls over to the right, it’s not ready and you have to wait for it to Complete as it is always best to wait for it to go up through the +100 Line, Could take Second, Minutes, or Hours. (Volume Matters)
D. Once all this Happens you will see how the Middle and Top PPO’s have Pinched Together and then come apart and keep getting Wider and Wider and at the same time the Stop keeps going Up. Very Simple, This is what these Indicators show, Stock Price Movement.

3.The Potent Short Term Pinch or “STP”
A. When you see Every Line from the Top PPO/FullSTO go down to the very bottom and Red Middle Connect, look at the ADX5 just below it.
If the ADX5 has shot up and gets Really High and almost touches the Point where all 4 of the PPO/FullSTO lines are connected at the Bottom
this is called a “Short Term Pinch” or “STP”. Once again, Check the CCI20 for Conformation of Completion.These are Very Powerful and the Stock almost always shoots up considerably.
I have made a lot of Money on “STP’ Runs very quickly.

Syndication Flow Chart

This is a map, extracted from the Railroad Commission of Texas GIS site (RCT permits pipelines in Texas) The green lines are natural gas pipelines, the light blue lines are crude oil lines. The red polygon is MMEX’s location