INM Opinion - Update today. Note the divergence curviture between the chart price and the Money Flow Index. Money is flowing in and I expect a bullish pivot will occur soon enough. Between $3-$7 is a price sweet spot for stocks when investors are fighting to keep their stocks from going into penny stock catagory. It is a valuation AND a reputational thing and reputation protection can be a powerfull thing LOL. I use a range chart at either 1000 or 100. At the 1000 level a bullish pivot has not confirmed, at the 100 level it has. I don't see a Money Flow Indicator near vertical drop to 0.00 on either chart. BUT, when the MFI is playing above 50, the 40 and 60 level on a divergence or a long bullish run, it replaces 0.00. So if a strong vertcial drop occurs above 50, I watch for it to turn on the 40 or 60. IF on the 60 it is often a very very aggressive move up. That occurs with stocks that have been trading way up and it is one last great pop before a long trend drop. - Opinion
INM - Opinion - A swing traders best friend LOL. Had noted a possible entry at $3.5 but was distracted by another play. Time for a revisit. Price action/cycles contraced into first of year save for a off pattern pop in Oct 2024. Nice trough curvature. Now at near horizontal in the trend curve, price action is starting to expand again. 58% move today on 109M volume. That is a lot of volume so high frequency trading is in play which can act as a price action governor (rate of change limiter). My pivot setting is mid-range in terms of trend cycles and as you can see, it did not trip to a bearish signal at at $9.3. Upside levels on the range chart include $4, $4.24, $4.91, $5.5, $7.95, $9.5, $12.62, $18.85, $27, 32. If I set my range chart to 1000 the price levels are lost, given the wild price drop over multiple years. This one is on my watch list and in my top 3 upcoming entry potentials along with LGVN and possible re-entry into EYEN - Opinion
INM Not in on this one...yet. Looks like the long dollar trend is still in play as scalpers and itchy traders move the price around. I am looking at the Big Kahona long dollar move so will look for an entry when the next zero lag pivot indicator appears (blue). Possibly at the $3.5 level? My upside targets to watch are $8.96/$22/$32. The price is at a mega price trend pivot (gray "buy point" indicator) so I am leaning towards $32. Note: this is a range chart so time is not relevant and it is set at 1000R. Price moves could happen any day and take a day or weeks. One never knows LOL.
INM Opinion - Update today. Note the divergence curviture between the chart price and the Money Flow Index. Money is flowing in and I expect a bullish pivot will occur soon enough. Between $3-$7 is a price sweet spot for stocks when investors are fighting to keep their stocks from going into penny stock catagory. It is a valuation AND a reputational thing and reputation protection can be a powerfull thing LOL. I use a range chart at either 1000 or 100. At the 1000 level a bullish pivot has not confirmed, at the 100 level it has. I don't see a Money Flow Indicator near vertical drop to 0.00 on either chart. BUT, when the MFI is playing above 50, the 40 and 60 level on a divergence or a long bullish run, it replaces 0.00. So if a strong vertcial drop occurs above 50, I watch for it to turn on the 40 or 60. IF on the 60 it is often a very very aggressive move up. That occurs with stocks that have been trading way up and it is one last great pop before a long trend drop. - Opinion
