Replies to post #399183 on NorthWest Biotherapeutics Inc (NWBO)

[Sojourner55]

Market Wizards is not about TA it’s about the mindset of successful investors/ traders who went on success after first conquering themselves and finding a method that worked for each of them. The battle in the market is not with others its with yourself. You determine how much you take out of the market with whatever tool you see fit. Just happens TA is the tool I use and have studied and put into practice for many years.

If you think fundamental analysis works for you, dive in. No need to adopt a method you’re sceptical off because you will second guess your self.

[Doc logic]

hankmanhub,

In my experience charts reflect the expected business progress cycles and financials then inserts any surprises long the way. Those with a relatively low trading volume and investor base are easier to manipulate through the cycles and get targeted accordingly. Small pre revenue biotechs with promising tech but without big backers dilute for years creating a typical down trend which is the start of the W long term chart but with a low peak in the middle unlike the W using this font. This represents “no hope” converted to “maybe a chance” to “what’s taking so long” to “it’s coming”. Those with big long term backers often form an M looking chart if the product eventually is predicted to fail as “early hope and support” turns into “questioning” then “renewed hope” then “capitulation”. For the most part when financing is anticipated with no expected supporting news the price can drop towards book value or below and when completed the price is allowed to float back up with speculation about progress and any supporting news which includes sector outlook. The next interim cycle on the down trend side generally takes the lows lower and the highs lower but generally creates a 50% or better annual swing for traders to work with. The opposite often holds true for the big backer companies as they continue to enlist price support until the realization comes that failure is likely and someone decides to pull the plug.
The W formation was noted here and a close look at the trading action to create the “true double bottom” @ $.14 was really obvious last year. There are informed expectations being played out in the charts and that is what our chart guys like Sojourner55 are looking for. I told him it was his time to shine when the double bottom hit and if you have paid any attention to they bet of follows he has received since then you will note they have surged significantly; ). Best wishes.