I dont get what this pattern is ?

endless said:
The "patterns" are a myth, just hieroglyphs of stock markets. Chart looks like a pattern until it doesn't or it's a pattern post factum only as a description of what happened. Or it may be a pattern, but only with a certain eye squint.
You can't rely on one type of thinking here, you need to learn many different methods and in time you will build you own market vocabulary and understanding.
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i dont understand ... ur showing me an incomplete chart.... its many months behind date
 
cashclay said:
i dont understand ... ur showing me an incomplete chart.... its many months behind date
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What they're ALL saying is that you shouldn't come here asking for other people's opinion. That's the fastest way to lose money. Instead, take the time to learn how to read the chart for yourself.
 
cashclay said:
Am I screwed? This stock just went on huge news of a new drug for ADHD.. Also investors like Peter Werth are buying ... However it tanking.. I want to buy more shares however Im JUST WONDERING if this is the right move. Sorry I am newb ... I hope some og you guys can guide me. Because im so confused right now.. Thank you
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Greetings friend. Good news bad news. The Good News-> I just did a large look at your stock, I came away with a bunch of thoughts. The bad news-> Got stoned and forgot many of them. I could do a fuller review because this is a stock that the aforementioned Van seems to dig.

The pattern- it's interesting normally I would say this is a bit of a fail. Right? you pop up and you come down a bit in what is often referred to as a Bull Flag or Handle and then you take off agian. This stock has ski sloped down.

But wait there was a initial trade down and a recovery high before this slide>That was a brief higher than the first high... I'm lighting up again as I write this but that tells us something and there was an abnormally large vol sell read of 90K so someone Got the hell out-probably the guy you referenced for a reason to get in...

Alright this company does not appear to be a pump and dump or red flag sort of Co. I think alot of traders who don't get their feet wet in this arena like to throw those terms around.. However just because they are on the up and up doesn't mean you won't get stung..

This is from memory but $1.52 area you will get back to that in short order and then I expect a run to $2.25-$2.50 that's a pretty good return..

These guys have filed a shelf registration which means at any time they can and will drop a secondary on you and most likely damage the stk.

Depending on where you got in you might ride this up to $2.25 get off and then get back in after a secondary is issued.

A move I call the stoned elevator.

Hope this helps ~ SI
 
cashclay said:
Why is the forum so hostile at times? I am from South Korea .. I dont get it .. Forums are suppose to help and assist in peoples needs . But so many want to put down or it feels wants to makes themselves feel better... For what???
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Lot's of struggling failed traders, you can tell by their emotional responses. Make use of Ignore and Block functions to conserve mental capital. If you want rah rah, twitter spaces with a resonant community will fulfill more of your emotional needs.

To answer your question;
You're in a low quality <$10 stock penny stock, no earnings, without much institutional sponsorship and your view is within a LTF reference. It gapped on news and will more likely fill in that gap.
 
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Cash, you have been an ET member since 2015, like 6 or 7 years?
Do you have much experience trading these types of FOMO trades?
What experience trading would you say is your strong suit?
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stonedinvestor said:
This is from memory but $1.52 area you will get back to that in short order and then I expect a run to $2.25-$2.50 that's a pretty good return..

These guys have filed a shelf registration which means at any time they can and will drop a secondary on you and most likely damage the stk.

Depending on where you got in you might ride this up to $2.25 get off and then get back in after a secondary is issued.
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stonedinvestor said:
Greetings friend. Good news bad news. The Good News-> I just did a large look at your stock, I came away with a bunch of thoughts. The bad news-> Got stoned and forgot many of them. I could do a fuller review because this is a stock that the aforementioned Van seems to dig.

The pattern- it's interesting normally I would say this is a bit of a fail. Right? you pop up and you come down a bit in what is often referred to as a Bull Flag or Handle and then you take off agian. This stock has ski sloped down.

But wait there was a initial trade down and a recovery high before this slide>That was a brief higher than the first high... I'm lighting up again as I write this but that tells us something and there was an abnormally large vol sell read of 90K so someone Got the hell out-probably the guy you referenced for a reason to get in...

Alright this company does not appear to be a pump and dump or red flag sort of Co. I think alot of traders who don't get their feet wet in this arena like to throw those terms around.. However just because they are on the up and up doesn't mean you won't get stung..

This is from memory but $1.52 area you will get back to that in short order and then I expect a run to $2.25-$2.50 that's a pretty good return..

These guys have filed a shelf registration which means at any time they can and will drop a secondary on you and most likely damage the stk.

Depending on where you got in you might ride this up to $2.25 get off and then get back in after a secondary is issued.

A move I call the stoned elevator.

Hope this helps ~ SI
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WHERE THE HELL IS THE KOREAN GUY ON THE LEDGE? I GO OUT OF MY WAY TO HELP AND THIS FOOL WAS A ROBOT! TYPICAL! I EVEN HAD KOREAN FOOD LAST NIGHT!

WELL MY KOREAN ROBOT YOU HAVE REACHED THE LEVEL I TOLD YOU IT WOULD GO BACK TO.

I WAS GOING TO TELL YOU WHAT TO DO FROM HERE BUT F* IT-- ~SI
 
I would fade/short at $1.61 on this open but I wouldn't trade something with a market cap of 18 million. That just doesn't take much at all to move the market. You would even have to mindful of your own market impact.
 
Look At The Volume lar!

Volume------->3,809,405
Avg. Volume--->797,303

This pattern--It's called "The Kama Sutra"

Cingulate Inc. (CING)

Can we assume this Korean kid was a fake? I felt so bad for him I dropped into his thread to help.


1.71 99+0.2399(+16.21%)
As of 03:36PM EST.
 
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