RMCO Opinion - Day 2 of holding shares; Stock is set up for a upside move this morning when viewed from a range chart set at 10. Money flow is near 40. Daily volume has dropped off. Could turn into a deadweight stock if it does not return. From the 100 range chart this stock is set for a profitable bullish trend so not certain what the market is is thinking. Sometimes traders get so close to their screens and algo programs I wounder if they don't see the forest through a tree. Another stock I am watcing is in the same bullish position but it is stalling as well. Time is money, seriously, and I REALLY get frustrated when a stocks full bullish potential is not put into play; Why throw tens of thousands at a stock over and over to make pennies (algo) when you can throw thousands of dollars and make tens of thousands in 1-2 days. LOL. - Opinion
RMCO Opinion - First, note that I am using a range chart, set at 100. My opinion and my indicators/settings are based on that chart type. OK Let's do this; looking for a breakthrough of the Money Flow Index, 40 level, which is an anchored level along with the 60, and 80. They function as support, resistance, breakouts, traping determinations. The fact that the latest MFI line went to 0.00 AND made a sharp pivot is a positive in terms of breakout potential. Not shown, but viewed on my range chart set at 100, the On Balance Volume indicator shows inflow. Also not shown, the Williams %R indicator has crated a double bottom and is at it's own breakout level. And a indicator I don't talk about much, the Stochastic Momentum Indicator is showing a bullish pivot. SO what does all this mean to a bull swing trader like me? Well, it is enough to enter but beyond that not much unless the market as a whole decides the current fair market value of this stock is sitting far above today's closing price. I much prefer a decisive market, meaning the market as a whole decides with conviction that this stock is heading up, or it is heading down. Yes/No, On/Off. 1/0. No stalling, no consolidation, no himhawing around. Time is money and if its not a money maker, time for the market to direct their money at better opportunities. What is your analysis of this stock? Folks, do not be afraid to share your opinion. Right or wrong, close enough, your opinion adds to the collective knowledge of the Tradingview community and I personally value it. - Opinion
RMCO Opinion - I am getting some nice bullish move indications on RMCO. Anyone else seeing that? I turned off my indicators as to not bias my question - Opinion
RMCO Opinion - Day 2 of holding shares; Stock is set up for a upside move this morning when viewed from a range chart set at 10. Money flow is near 40. Daily volume has dropped off. Could turn into a deadweight stock if it does not return. From the 100 range chart this stock is set for a profitable bullish trend so not certain what the market is is thinking. Sometimes traders get so close to their screens and algo programs I wounder if they don't see the forest through a tree. Another stock I am watcing is in the same bullish position but it is stalling as well. Time is money, seriously, and I REALLY get frustrated when a stocks full bullish potential is not put into play; Why throw tens of thousands at a stock over and over to make pennies (algo) when you can throw thousands of dollars and make tens of thousands in 1-2 days. LOL. - Opinion
