Is this going to go up?

momothebored

Active member
139 1
 

momothebored

Active member
139 1
why do you ask? probably gonna range or do a drop towards the lower 0.60s/0.50s

Because i'm vested from around $0.50.

Why drop or range-bound?

Just curious.

It's been in an uptrend channel flanked by EMA(20D) and the upper BB for a long time. And a doji has already formed at the lower channel support.
 

FringFX

Active member
244 6
why is it possible to drop or consolidate? because there was an abnormal volume on early September. this abnormality does not happen often. if we take that huge candle as a storm, what you see before and after this candle are the calm before and after the storm.
the drop or consolidation may or may not be finished. that's what you have to find out.

indicators are inferior to price action and volume. and a doji can occur any time without seeing the expected effect/reaction happening.

understand I did not say that there is no uptrend nor it cannot go up further. of course the main bias on the entire chart is up.

I don't trade stocks (this seems to be a stock). it would be interesting to see what happens after a few days or weeks. keep us posted. ;)
 

momothebored

Active member
139 1
Granted that the long green candle and subsequent drop was probably a pump and dump, would you consider the whole thing as the formation of a bullish wedge(?), with $0.66 as a base? Potential micro double bottom at $0.66 as well.

Anyway.. what probabilities would you assign?
P(drop), P(consolidate), P(rise)

thanks


why is it possible to drop or consolidate? because there was an abnormal volume on early September. this abnormality does not happen often. if we take that huge candle as a storm, what you see before and after this candle are the calm before and after the storm.
the drop or consolidation may or may not be finished. that's what you have to find out.

indicators are inferior to price action and volume. and a doji can occur any time without seeing the expected effect/reaction happening.

understand I did not say that there is no uptrend nor it cannot go up further. of course the main bias on the entire chart is up.

I don't trade stocks (this seems to be a stock). it would be interesting to see what happens after a few days or weeks. keep us posted. ;)
 

FringFX

Active member
244 6
can you clarify and put up a relevant chart? i do not see a wedge.
i understand patterns are highly subjective.
 

momothebored

Active member
139 1
Maybe not a wedge.. a pennant(?) or one of these triangular bullish continuation patterns.

Also MACDH gradient has more or less flattened.

 

wackypete2

Legendary member
10,229 2,054
Haven't you already asked that same question here: http://www.trade2win.com/boards/technical-analysis/157928-how-would-you-interpret-chart.html

Didn't like the answers??

So you are looking for everyone to say yes it's going way up?

Forget the wedgies, flags, inverse upside bullish harami dojos or whatever...It's a low volume, highly manipulated, pump & dump penny stock. IMO you are likely to suffer a loss before you see the highs again if you don't get out soon.


Peter
 
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VielGeld

Experienced member
1,421 179
I'd cash out, personally. That large move at the beginning of September, and it barely budged on news of Q3? It's got lower to go.

Imo, of course. You're sitting on a ~30% gain whatever the case.
 

Atilla

Legendary member
19,461 2,879
Maybe not a wedge.. a pennant(?) or one of these triangular bullish continuation patterns.

Also MACDH gradient has more or less flattened.



Looking to test support 60 imo.

What was your target when you entered the trade?
 

momothebored

Active member
139 1
Haven't you already asked that same question here: http://www.trade2win.com/boards/technical-analysis/157928-how-would-you-interpret-chart.html

Didn't like the answers??

So you are looking for everyone to say yes it's going way up?

Forget the wedgies, flags, inverse upside bullish harami dojos or whatever...It's a low volume, highly manipulated, pump & dump penny stock. IMO you are likely to suffer a loss before you see the highs again if you don't get out soon.


Peter


1. If I was satisfied with the answers, would I open a new thread? Good job Sherlock

2. "So you are looking for everyone to say yes it's going way up?"
Sorry, not nearly as stupid as you look :)
 

Shakone

Senior member
2,458 665
1. If I was satisfied with the answers, would I open a new thread? Good job Sherlock

2. "So you are looking for everyone to say yes it's going way up?"
Sorry, not nearly as stupid as you look :)

You ask a load of stupid questions, and you're not really interested in the answers. You really are a disgrace. You've got no chance. Keep building your post count.
 

momothebored

Active member
139 1
Looking to test support 60 imo.

What was your target when you entered the trade?

A friend that covers the stock suspects a few more surprises may be in order. But he may have just been sweet-talked by management.

Fundamentally, his TP is around $0.80+.
His fund's AUM is way too big for them to really care about penny stocks like this,
and so is mine. More about personal interests.

My decisions are largely FA based (about 90%), just curious what the charts are saying. That approach reflects the general institutional approaches in the region.. TA is usually just used to confirm FA.

Taking a 20% margin of safety to an intrinsic value of $0.80, $0.64-$0.66 would be where FMs would still be looking to enter, if any are looking at this for their funds.
 

momothebored

Active member
139 1
You ask a load of stupid questions, and you're not really interested in the answers. You really are a disgrace. You've got no chance. Keep building your post count.

That's funny, the HF I work for probably pays me more in a month than you make in a decade in your mom's basement.

Don't be shy, just PM me if you want a donation, okay?

Tell me again how smart you are please.
ROFLMAO :cheesy:
 

Atilla

Legendary member
19,461 2,879
That's funny, the HF I work for probably pays me more in a month than you make in a decade in your mom's basement.

Don't be shy, just PM me if you want a donation, okay?

Tell me again how smart you are please.
ROFLMAO :cheesy:


You know I only looked at this thread because I saw WackyPete's response to it and I think he and Shakone make a good a point.

Ok TP 80 any timeframe?

What are the fundamentals or the few expected surprises?

I wouldn't go by what anyone else says but verify for your self. A so called trader friend at my old badminton club once strongly tipped some shares for me and after a short while of making little gains crashed dramatically. Right ******* he was.
 
 
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