Watching the chart alongside the manipulation, it
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Posted On: 02/13/2019 12:45:03 PM
Watching the chart alongside the manipulation, it looks like a "paint and shake" attempt, despite indicators saying otherwise. Also, before moving along to the chart, there has been no change in the fundamentals of the company, aside from Rene stepping down as CEO, but remaining in ownership of Pantheon, which owns Toron, which owns InMed and also iMedScan. There has been no cancellation or retraction of the deal. There has been no denial from any party mentioned either.
Okay, so onto the chart and the paint and shake. The weekly candlestick chart is showing the 200MA at .004. Today's shake went down to .0041. The weekly chart depicts a much firmer overall performance trend; and with people knowing that, sometimes tolerance to volatility is based on the weekly candlesticks. If the 200MA was broken to the downside, that would be a very bearish signal on the weekly. If one were to manipulate the tolerance of others, they would know that others would want to exit before a 200MA break to the downside, and would likely pick a random number to paint and shake such as .0041, one tick above. Drive it down, pick up anything available, bring it back up.
But using the daily chart and a simple indicator, the shaking isn't really what it seems, even in spite of some legitimate selling occurring. A quick look at the accumulation/distribution line is showing a horizontal trend, with a slight vertical stair step upward. Considering the price has been walked down for weeks, but the accumulation line is showing no distribution, and even a touch of accumulation being present, that is a pretty nice sign of stability. If you have ever watched the accumulation line on a massive run up, it spikes; and if you have ever witnessed everyone bailing at once, the accum/dist nosedives downward. So ask yourself a few questions: Why isn't the accumulation line going downward in tandem with a multi-week price walk-down? Why is the accumulation line staying steady and stable instead, with a slight uptrend? While not definitive, it certainly is telling.
So while we are not seeing a scenario in which everyone is frantically trying to buy, we are also not seeing everyone rushing for the exit either. We are mostly seeing a little buying coupled with a little selling.
When people are trying to slow-load, this is also what it looks like. It keeps people front loading the stock in an under the radar fashion so they can get the jump on the crowd that comes in after an announcement. Low volume shakes drum up a bit of panic so loaders can buy cheap shares, then the price goes way back up on low volume as well, which allows others to breathe easy so there is no big buying or selling and no scanners going off that bring in competition for shares. Do this over and over, and see how long it takes to wear out longer term holders as they await an update. One can obviously see how certain types of posting assist in mechanics such as this.
Another thing to keep in mind is that Pantheon, InMed, Flagship and Patienttrac all own common shares, just like all of us. The value of the common shares of stock affect them in the very same way they affect us, good or bad. It is to the benefit of all for the price to move up. But with that said, those that are building the company and know the real inherent value, are not thinking like those who just put money into a ticker and expect gains. The party that knows the value and knows the deal is relying solely on data and logic, while the party placing money in a ticker does not know the exact numbers and is more susceptible to swings in emotion in tandem with swings in price. If you were any of these people, and you knew the deal was done, with just a few odds and ends needing to be filed with the state, and you knew that you had a $100M+ deal in the bag, signed and closed, would you really care if things went up and down for a handful of weeks in the meantime? Probably not. So again, if all is as it seems, this deal is done and is just waiting on a bow and a birthday card before it gets presented. I'd guess news hits sometime between now and the end of March, with BOD filings and new CEO introduction in between.
Okay, so onto the chart and the paint and shake. The weekly candlestick chart is showing the 200MA at .004. Today's shake went down to .0041. The weekly chart depicts a much firmer overall performance trend; and with people knowing that, sometimes tolerance to volatility is based on the weekly candlesticks. If the 200MA was broken to the downside, that would be a very bearish signal on the weekly. If one were to manipulate the tolerance of others, they would know that others would want to exit before a 200MA break to the downside, and would likely pick a random number to paint and shake such as .0041, one tick above. Drive it down, pick up anything available, bring it back up.
But using the daily chart and a simple indicator, the shaking isn't really what it seems, even in spite of some legitimate selling occurring. A quick look at the accumulation/distribution line is showing a horizontal trend, with a slight vertical stair step upward. Considering the price has been walked down for weeks, but the accumulation line is showing no distribution, and even a touch of accumulation being present, that is a pretty nice sign of stability. If you have ever watched the accumulation line on a massive run up, it spikes; and if you have ever witnessed everyone bailing at once, the accum/dist nosedives downward. So ask yourself a few questions: Why isn't the accumulation line going downward in tandem with a multi-week price walk-down? Why is the accumulation line staying steady and stable instead, with a slight uptrend? While not definitive, it certainly is telling.
So while we are not seeing a scenario in which everyone is frantically trying to buy, we are also not seeing everyone rushing for the exit either. We are mostly seeing a little buying coupled with a little selling.
When people are trying to slow-load, this is also what it looks like. It keeps people front loading the stock in an under the radar fashion so they can get the jump on the crowd that comes in after an announcement. Low volume shakes drum up a bit of panic so loaders can buy cheap shares, then the price goes way back up on low volume as well, which allows others to breathe easy so there is no big buying or selling and no scanners going off that bring in competition for shares. Do this over and over, and see how long it takes to wear out longer term holders as they await an update. One can obviously see how certain types of posting assist in mechanics such as this.
Another thing to keep in mind is that Pantheon, InMed, Flagship and Patienttrac all own common shares, just like all of us. The value of the common shares of stock affect them in the very same way they affect us, good or bad. It is to the benefit of all for the price to move up. But with that said, those that are building the company and know the real inherent value, are not thinking like those who just put money into a ticker and expect gains. The party that knows the value and knows the deal is relying solely on data and logic, while the party placing money in a ticker does not know the exact numbers and is more susceptible to swings in emotion in tandem with swings in price. If you were any of these people, and you knew the deal was done, with just a few odds and ends needing to be filed with the state, and you knew that you had a $100M+ deal in the bag, signed and closed, would you really care if things went up and down for a handful of weeks in the meantime? Probably not. So again, if all is as it seems, this deal is done and is just waiting on a bow and a birthday card before it gets presented. I'd guess news hits sometime between now and the end of March, with BOD filings and new CEO introduction in between.
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