Posted On: 11/24/2015 11:35:01 PM
Post# of 75095
look at the 1m daily of SUNE and let me know if it will open up or down tomorrow morning. also of interest is KBIO.
(sorry, i couldn't help - i was teasing on the other post with the circles & wedge shots - as i said, charts do not do well on penny stocks that have very little volume, and that is where this now sits)
regarding RMHB, it will sometimes bounce off a pivot point but i have seen it break all the chart rules too.
what you should do for the next runup (and there will be one and they are controlled by day traders) is watch for volume exhaustion. that is when it's time to get out. study the volume during the runup to 30 cents and look at the increasing volume and final slope from 20 cents to 30 cents. that final push with the steepest slope was a signal to sell. i forgot the chart name but i call it exhaustion.... massive volume in a final push. if the skull warning hadn't come out, it may have squeezed a little higher but not much.
regarding fibonacci's & cramer - he has no clue what a fib is.
the main numbers are .38, .5, and .62 and deal with retracements... but they are also kind of a waste of time. it's always best to go with price action. ema crossovers work ok and so does an MACD histogram. pSAR's are good in a long trend but fail miserably in sideways movement and whipsaws.... but NONE of these work on the RMHB chart right now.
(sorry, i couldn't help - i was teasing on the other post with the circles & wedge shots - as i said, charts do not do well on penny stocks that have very little volume, and that is where this now sits)
regarding RMHB, it will sometimes bounce off a pivot point but i have seen it break all the chart rules too.
what you should do for the next runup (and there will be one and they are controlled by day traders) is watch for volume exhaustion. that is when it's time to get out. study the volume during the runup to 30 cents and look at the increasing volume and final slope from 20 cents to 30 cents. that final push with the steepest slope was a signal to sell. i forgot the chart name but i call it exhaustion.... massive volume in a final push. if the skull warning hadn't come out, it may have squeezed a little higher but not much.
regarding fibonacci's & cramer - he has no clue what a fib is.
the main numbers are .38, .5, and .62 and deal with retracements... but they are also kind of a waste of time. it's always best to go with price action. ema crossovers work ok and so does an MACD histogram. pSAR's are good in a long trend but fail miserably in sideways movement and whipsaws.... but NONE of these work on the RMHB chart right now.
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