Replies to post #2169 on Awesome Stocks

[gfp927z]

Yes, that is weird. Those are 'shooting star' type candlesticks, but are actually closer to being 'gravestone' dojis (due to the near absence of a candlestick 'body'). Either way, these are usually considered bearish and suggest a top, since they often signal a reversal. But.. they can also be made to occur by market makers or others to make it look like a move has run out of gas.

Not to sound too conspiratorial, but another type of candlestick that can suggest manipulation is the long black candlestick, especially if there are a lot of them occurring. That's what happened with BABYF at various times, they had the most black candlesticks I've ever seen, combined with weird long plunging daily lows and highs that were made from a few phantom type trades to 'paint the tape'. This was around the time of their desperation financing, and I've seen that a lot with small biotech stocks. With BABYF, the manipulation seemed so obvious that I decided to not mess with the stock again, despite its cheap valuation. Better off staying far away from OTC stocks anyway, as a general rule.




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[gfp927z]

LAND up to 17.54 in after hours, so a good sign :o)

A growing chance it might see 18 soon, which would be the logical time to take some off the table. But a nice 20% gain off the recent bottom, so not too shabby for a short term trade :o)

Beyond that could be a move to 20, then a pullback to consolidate and re-test 18 (200 MA) which would then be support.

The longer term fundamentals for LAND I'd have to get back up to speed on -- haven't followed them for some time..



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[gfp927z]

Looks like Rumble (RUM) is finally starting to move. Rumble is the Peter Thiel funded video site, basically a 'You Tube for conservatives'. Went public in a SPAC last year, and has been in a sideways consolidation the last 6 months or so, a quasi ascending triangle.

Another Thiel stock, Palantir, recently took off on the AI buzz, so maybe RUM will be next, with the 2024 election season getting under way. Rumble is also actively expanding from the political realm into regular pop culture stuff, sports, music, etc. Anyway, the stock may be starting to break out.




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[gfp927z]

So far LAND is hanging in there pretty well on the consolidation, so may be setting up a base for a move up to 18 next week.

RIBT's action looks odd over last 3 days. Not much volume, but that truncation / blunting at 0.90 could suggest some degree of manipulation is afoot. A similar truncation occurred in mid-late April at the 1.10 level. With 'strategic options' being explored, there is sufficient motivation for some funny business with the share price.

Fwiw, I was tempted to pick up a little RUM today, but successfully fought off the urge to get back into individual stocks. But that chart is clearly beckoning :o)

Btw, PERI is an interesting stock with an AI angle, via its partnership with Microsoft. PERI can be a big beneficiary of Chat-GPT (article below) -

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171709156



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