In the past nine days we have had only one red day. And the beginning of this small run stemmed from a perfectly placed doji February 18, 2016.
RSI at almost 73 as of this post.
Full STO is at 79.3 as of this post.
For the past three days, we have yet to close at the high of the day, which to me means one of two things.
1. We have one or two more days of upward movement due to excitement, ridiculous pumping, and newbies not knowing what they're doing until we finally close at the high of the day of .003 on Friday. After this, the RSI and Full STO are so high, this thing is going to crash and reset to around .001 - .002 on Monday until the 10-K comes out on or before March 30th. Because honestly, without news, there's nothing actually holding this up right now.
or
2. Although Pivot Points change daily, today we hit R1 (.0024) and met resistance. In order to go above .0024 either today or tomorrow, we're going to need incredible buys in the next 3 1/2 hours. I don't see it happening. If it doesn't happen and we don't cross .0024 today, unless news comes out tomorrow, we're going to level off, close red tomorrow and work our way back down to .001 - .002 starting tomorrow.
Very difficult to say for sure because nothing is 'for sure'. We either keep climbing until the chart says, "enough is enough I cant sustain this overbought state anymore," and crashes or, the buying levels off and we gently remain around .001 - .002 until the 10-K. Either way, I think its inevitable we're going to be at .002 until the 10-K.
How do I know this? I don't. It's simply me interpreting what I know about charts and I'm probably wrong, but it will be fun to compare my thoughts today with what happens over the course of the next 3 weeks.
Side note:
I'm all for SCIE. In this post, I'm expressing my distain in stocks that are 'overbought'. I don't like it, never liked it, and never will like it. I'm very comfortable with red days, and hope we close red for a number of days between today and the 10-K simply in order to maintain a healthy chart.
RSI at almost 73 as of this post.
Full STO is at 79.3 as of this post.
For the past three days, we have yet to close at the high of the day, which to me means one of two things.
1. We have one or two more days of upward movement due to excitement, ridiculous pumping, and newbies not knowing what they're doing until we finally close at the high of the day of .003 on Friday. After this, the RSI and Full STO are so high, this thing is going to crash and reset to around .001 - .002 on Monday until the 10-K comes out on or before March 30th. Because honestly, without news, there's nothing actually holding this up right now.
or
2. Although Pivot Points change daily, today we hit R1 (.0024) and met resistance. In order to go above .0024 either today or tomorrow, we're going to need incredible buys in the next 3 1/2 hours. I don't see it happening. If it doesn't happen and we don't cross .0024 today, unless news comes out tomorrow, we're going to level off, close red tomorrow and work our way back down to .001 - .002 starting tomorrow.
Very difficult to say for sure because nothing is 'for sure'. We either keep climbing until the chart says, "enough is enough I cant sustain this overbought state anymore," and crashes or, the buying levels off and we gently remain around .001 - .002 until the 10-K. Either way, I think its inevitable we're going to be at .002 until the 10-K.
How do I know this? I don't. It's simply me interpreting what I know about charts and I'm probably wrong, but it will be fun to compare my thoughts today with what happens over the course of the next 3 weeks.
Side note:
I'm all for SCIE. In this post, I'm expressing my distain in stocks that are 'overbought'. I don't like it, never liked it, and never will like it. I'm very comfortable with red days, and hope we close red for a number of days between today and the 10-K simply in order to maintain a healthy chart.
1
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Invite Only
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
Disclaimer:
As used herein, the terms "You" and "Your" shall mean you, individually, the reader, and each other party on whose behalf you may use the contained information at any time.
All references to "My", "I", and “The writer of the above post” shall refer to the creator of the username Joey68.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice, and are NOT designed to substitute the expertise and judgment of a professional. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in the above post.
I am NOT a professional.
I do NOT work for you.
My posts are NOT investment advice. I am not paid to post.
There is no correlation between the number of posts I write per day and your assumed success of a company.
It is NOT my responsibility to inform you of my own personal investment decisions.
It is NOT my responsibility to inform you when it is time for you to buy, hold, and/or sell a position.
I have no control over, and am not responsible for the actions of others who copy, store, edit, change, prepare any derivative work of or alter in any way any of the content provided in my posts.
Errors and Omissions expected. The writer of the above post accepts no liability or responsibility for any errors or omissions contained in the above post or contained within this Disclaimer.
The writer of the above post shall NOT accept any liability for the accuracy or completeness of the information contained in the above post, for any reliance placed by any person on the information contained in the above post, or for any damage or loss, however caused, in connection with the use or reliance on any information contained in the above post.
The above post may contain links to websites owned and operated by third parties. These links are provided for informational purposes only and are NOT endorsed by the writer of the above post. The writer of the above post has no control over the contents of any linked website and bears no responsibility for the accuracy, legality, or content of the external site or for that of subsequent links.
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The writer of the above post makes no warranties or representations, express or implied about such linked websites, the third parties they are owned and operated by, or the information contained on these websites.
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There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
