OA, unless I am mistaken, just looking at volume, that would be institutional buying. I believe that volume pattern is likely representative of Darvas box.
Just my quick 2 cents before I have to run to a dinner (wife is staring at me).cptthunder said:
<a href="https://imgur.com/Q4WfsUL"><img src="" title="source: imgur.com" /></a>
First time trying to post an image so hopefully it works
One for the board that Ive tried to annotate as best I can
Ive been in this one since March and added some along the way but got spooked with the reverse split in August and sold half my holding to hedge against a big collapse and secure a cushion
From my untrained eye it appears to have alot of the indicators people call out on this board:
-A large cup forming since March
-Stair stepping support over the last few months
-Increase average volume since the reverse split with a sustained increase in average volume since the begging of November
-2 gaps to fill on the upside at 14.90 and 21.20
-Has options available but the volume is extremely low on them
-Possible to trade this in waves to gain a net free position overtime
-I have some not TA background work on their business model I did in March to make my first investment i would be willing to send to anyone that wants to take a look at it and offer feedback
Can someone let me know if the image worked?
Some of that may be based on the recovery in oil price since they do have a business segment related to oil field water handling(sourcing,gathering,disposal) in the Delaware basinFJ43 said:Just my quick 2 cents before I have to run to a dinner (wife is staring at me).cptthunder said:
<a href="https://imgur.com/Q4WfsUL"><img src="" title="source: imgur.com" /></a>
First time trying to post an image so hopefully it works
One for the board that Ive tried to annotate as best I can
Ive been in this one since March and added some along the way but got spooked with the reverse split in August and sold half my holding to hedge against a big collapse and secure a cushion
From my untrained eye it appears to have alot of the indicators people call out on this board:
-A large cup forming since March
-Stair stepping support over the last few months
-Increase average volume since the reverse split with a sustained increase in average volume since the begging of November
-2 gaps to fill on the upside at 14.90 and 21.20
-Has options available but the volume is extremely low on them
-Possible to trade this in waves to gain a net free position overtime
-I have some not TA background work on their business model I did in March to make my first investment i would be willing to send to anyone that wants to take a look at it and offer feedback
Can someone let me know if the image worked?
Volume has basically doubled the last 3 months.
Approx $13.84ish may be the next resistance level where it has bounced off 2 times previously.
Fib is about $17 from high to low and its on its way. Just needs to cross the above IMO.
Not sure what is causing the past 10 days run up?
Esteban du Plantier said:
Holy #ENG AH move, Batman.
My account isn't set up for ah business, and I didn't get my order in on time.
AgEng06 said:
MGNI trying to kiss $17. OA was the man on this one.
Engine10 said:Esteban du Plantier said:
Holy #ENG AH move, Batman.
My account isn't set up for ah business, and I didn't get my order in on time.
Wow. Look it's very early, but about those covered calls...what do? Never been in this situation
$30,000 Millionaire said:
OA, unless I am mistaken, just looking at volume, that would be institutional buying. I believe that volume pattern is likely representative of Darvas box.
CrazyRichAggie said:Orlando Ayala Cant Read said:
At some point, as much as we may not want to admit it the Covid economy has to rear its head into this market right and bring us a correction again?
I think most of the population is giving COVId and the CDC the middle finger
https://www.google.com/amp/s/abcnews.go.com/amp/Health/wireStory/millions-stick-thanksgiving-travel-plans-warnings-74362219
McInnis 03 said:
Would never have guessed this with PSNL. Nothing I saw glared out of a fall to me. Wonder what caused it as I don't see anything on the TOS 'Live News' tab.$30,000 Millionaire said:
had a great day with the exception of PSNL. Woof. I bought 12/18s, so will give it 1-2 more days to see if it recovers.
you were supposed to break out, not revert to the mean.
There was just a 75,000 share buy at about $57 on the 1 Min at 7:19ESTFJ43 said:
NIO at $56.85....go baby.
$30,000 Millionaire said:
had a great day with the exception of PSNL. Woof. I bought 12/18s, so will give it 1-2 more days to see if it recovers.
you were supposed to break out, not revert to the mean.
Is there news behind this? Or is this just a company market cap starting to catch up to its valuation?McInnis 03 said:
I think I am going to watch this tomorrow before looking at possibly buying back my calls. I suspect (nothing other than gut) with the rise this had today there will be some profit taking and pull back.Engine10 said:
Settled back to 2.75 but did we casually back into a runner here? Gonna try to roll out my Dec $2.5 covered calls to the Jan $5 in the AM...
cptthunder said:Some of that may be based on the recovery in oil price since they do have a business segment related to oil field water handling(sourcing,gathering,disposal) in the Delaware basinFJ43 said:Just my quick 2 cents before I have to run to a dinner (wife is staring at me).cptthunder said:
<a href="https://imgur.com/Q4WfsUL"><img src="" title="source: imgur.com" /></a>
First time trying to post an image so hopefully it works
One for the board that Ive tried to annotate as best I can
Ive been in this one since March and added some along the way but got spooked with the reverse split in August and sold half my holding to hedge against a big collapse and secure a cushion
From my untrained eye it appears to have alot of the indicators people call out on this board:
-A large cup forming since March
-Stair stepping support over the last few months
-Increase average volume since the reverse split with a sustained increase in average volume since the begging of November
-2 gaps to fill on the upside at 14.90 and 21.20
-Has options available but the volume is extremely low on them
-Possible to trade this in waves to gain a net free position overtime
-I have some not TA background work on their business model I did in March to make my first investment i would be willing to send to anyone that wants to take a look at it and offer feedback
Can someone let me know if the image worked?
Volume has basically doubled the last 3 months.
Approx $13.84ish may be the next resistance level where it has bounced off 2 times previously.
Fib is about $17 from high to low and its on its way. Just needs to cross the above IMO.
Not sure what is causing the past 10 days run up?