Same chart from the other day... She will make up her mind on what side she wants to play with today or Monday... And we will know the answer to my question. She is still flirting with both sides right now, but I think she likes bulls over bears as it looks to be the perfect set up... Yesterday was the lowest volume day since 12/23, the time of the last MAJOR run...
Looks like the MACD is about to turn bullish and everything else is moving in her direction except the main trend of down... She has been moving more side ways and if she breaks the 0 trend line down with volume, she will pop back up to 1.4 and form a cup/pan in the process... that is that the crystal ball says at least... starter position of 5k shares at .56
Looks like she has upward momentum and hit bottom last April; and has a gap to fill. This should be an interesting gap fill as there is a downward trend line directly through where she needs to expand through the gap and .38 and .50 fib lines. With volume it could be explosive. Buy order of 15k shares at .43 - Stop loss at .37
Notes on chart - Long term bull short term bear. www.shortanalytics.com
Short for a quick second. Sold everything yesterday before news. Will buy back in around 3.
Perfect storm - dilution, new moon and oversold. Don't listen to the buy and holders. we are here to make money. Buy low sell high. Sold all in AF.
With the solid earnings report and the outlook given I see us going to 12 in short order... The last run was a +50% gain (prior 2 were 100%) let's repeat and hit the golden mean fib of .68. We can thank our short friends for the explosions.
I am a long term share holder with core holdings of 48000 shares that I will sell when it makes me a cool million at $20 in a couple of years. In the interim initiated a swing on Friday at $3 for 25000 shares. Everything that goes up must come down.... Chart shows what I would like to happen. Stop will be set 3% below trend line daily.
It seems we also have the Moon on our side! Uncanny how the full/new moon has held the same pattern... Full moon was the 15th...
If I were in charge it would go down... then up... I want cheaper shares:)
Volume surge is what is needed as all technicals r telling us she is ready.