Hey Bass -
I am going to do some T/A on the charts that I posted. I found it was just easier to upload the pix to one of my servers and then link them. I am just waking up and getting ready to do the analysis. I will post two additional pics also on the intraday last Friday and then combine the information for a projection.
Two of the pics are sitting there now and I have two more to post before I get going with this.
Last edited by billhart22; 06-21-2009 at 02:11 PM.
SWAG,
thats penny stocks ,thats all you can do ...scientfic wild ass guess...lol
bcnd has a new ceo,he has a lot of mining history.you will dig it up I am sure..
Big Sandy--
(Funny, that's the name of a river near my town.)
Flipping some shares and reinvesting is a great tactic. What I have done over the past 6 months or so is this:
1. I started with a certain amount of money -real cash- never to invest more once things started rolling.
2. As some stocks shot up, I sold off enough to get my original investment back and then took that money to buy shares of other, different companies.
3. Rinse, repeat.
This has led to an overall performance of about 140% gain in the value of my portfolio since January. I'm not saying that to brag...but rather...to show that if you sell enough to recoup your original investment and then plow it back in...the "free" shares left over can really add up and you have zero pressure to buy or sell more.
Just a tactic that I gleaned from the usual suspects on this forum.
I just did some T/A on MGLG on the last page where the MGLG chart that I posted is at.
Next I will do BCLE....
I just finished T/A on BCLE on page 40...
Bill
Shows you what the hell I know, lol!
hey bill, nice work with the charts. as you suggested the RSI imo sends up a warning flag. but that coincides with my analysis that the past week has been a war between bulls and bears. the green and red ADX widening also confirms my opinion that the bulls are winning.
i am bullish on this one long. short term i agree with you it is a hold. is gonna depend on that press release on the output numbers. IMO if it is a weak report, we will drop like a rock. if its strong, .0033 will be smashed , and i dont know where we can go!
another thing to factor in is no news. is support gonna hold us? well, thats why i put in stops @ just below .0013 and.0010....
please everyone keep a close eye on the daily trading, get level 2 if you must.
remember, this is a sub penny stock which is highly volatile. dont get in if you cant afford to lose your investment. and taking profits whenever you can is NEVER A BAD PLAY.
**** edited....my etrade account doesnt allow for stops on sub pennies. im stuck watching if it breaks support. im not worried about it much. but keeping an eye on it just in case
Last edited by bassmaster; 06-21-2009 at 08:51 PM.
Composite Indicator
Trend Spotter TM Sell
Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Hold
Short Term Indicators Average: 80% - Buy
20-Day Average Volume - 743428875
Medium Term Indicators
40 Day Commodity Channel Index Buy
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 100% - Buy
50-Day Average Volume - 354765875
Long Term Indicators
60 Day Commodity Channel Index Buy
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% - Buy
100-Day Average Volume - 208297703
Overall Average: 80% - Buy
Price Support Pivot Point Resistance
0.0017 0.0012 0.0017 0.0022
this is from tradingday.com...its a computerized analysis of MGLG...you just type in a ticker and the algorthym computes it all. this is in no way 100% accurate but any piece of info helps. i think on friday when i typed in SIRI it came up with alot of sell signals, look at what happened friday AH !!!!!LOL so be careful