-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
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posted
would anyone with some technical expertise explain the symmetrical triangle discussed a couple of days ago and where it stands now?
Posts: 100 | Registered: Aug 2005
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quote:Originally posted by eduardofinance: would anyone with some technical expertise explain the symmetrical triangle discussed a couple of days ago and where it stands now?
I don't claim to be a technical expert. The symetrical triangle signifies investers are and have been aquiring. The stock should break out of the pattern and 75% of the time it breaks in a continuation pattern (positive in this case). I believe the triangle has been broken. You may be able to gleen some info from the fact that ICMH was being aquired.
-------------------- All of my posts are based on my opinion. My opinions are based on the info available to me at any given point in time. Do your own DD and see if you concur. Posts: 820 | From: Phoenix | Registered: Jul 2005
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why aren't people jumping on this thing while it is so cheap? It is cheaper than my average buy and they don't have to wait near as long as all of us have for this PR!
Posts: 416 | From: ME | Registered: Aug 2005
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quote:Originally posted by eduardofinance: would anyone with some technical expertise explain the symmetrical triangle discussed a couple of days ago and where it stands now?
The symmetrical triangle formed when the pps over the last 4 weeks was seeing lower highs and higher lows.. consolidating on a pps of .0019.... When the triangle forms, and gets close to the consolidation point, if the pps breaks up, you get a huge spike up, and if it falls below the support line, it drops below...
What we saw is the dropping below due to lack of expected news! The pps broke the 20dma support line and dropped to the 50dma support line where it has held firmly...
Now, what we are seeing from the chart is the indicators correcting and gaining strength.
The MACD is diverging negative, but getting very close to bottoming out. The Williams%R and CCI are indicating we are oversold.
The Accum/Dist line is showing that the we have been accumulating over the last couple weeks (like we really needed a line to tell us that), and is backed up by the slowly decreasing volume. It is just a matter of time and it will go big... with or without the news!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
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posted
I just sent ICM an email asking lots of questions... hope it gets answered. Only one of them was about the news and I downplayed it a little.
Posts: 100 | Registered: Aug 2005
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quote:Originally posted by eduardofinance: I just sent ICM an email asking lots of questions... hope it gets answered. Only one of them was about the news and I downplayed it a little.
Good luck the only e-mail I've ever had answered was asking when the web site would be completed.
-------------------- All of my posts are based on my opinion. My opinions are based on the info available to me at any given point in time. Do your own DD and see if you concur. Posts: 820 | From: Phoenix | Registered: Jul 2005
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posted
He said "a couple weeks" about 4 weeks ago. That was all he said literally: A couple weeks
-------------------- All of my posts are based on my opinion. My opinions are based on the info available to me at any given point in time. Do your own DD and see if you concur. Posts: 820 | From: Phoenix | Registered: Jul 2005
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posted
I'm making a deposit today. I wanna buy some more ICMH tomorrow. I want to have a total of 10 Million shares so I can see my money grow $1,000 every up tick. I'm at 7.8 Million shares "currently" lol.
Posts: 239 | From: Michigan | Registered: Aug 2005
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quote:Originally posted by eduardofinance: would anyone with some technical expertise explain the symmetrical triangle discussed a couple of days ago and where it stands now?
The symmetrical triangle formed when the pps over the last 4 weeks was seeing lower highs and higher lows.. consolidating on a pps of .0019.... When the triangle forms, and gets close to the consolidation point, if the pps breaks up, you get a huge spike up, and if it falls below the support line, it drops below...
What we saw is the dropping below due to lack of expected news! The pps broke the 20dma support line and dropped to the 50dma support line where it has held firmly...
Now, what we are seeing from the chart is the indicators correcting and gaining strength.
The MACD is diverging negative, but getting very close to bottoming out. The Williams%R and CCI are indicating we are oversold.
The Accum/Dist line is showing that the we have been accumulating over the last couple weeks (like we really needed a line to tell us that), and is backed up by the slowly decreasing volume. It is just a matter of time and it will go big... with or without the news!
Nice Fo2. Well said.
-------------------- You can't afford to risk, what you can't afford to loose. Posts: 2422 | From: dc | Registered: Jun 2005
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I'm at 7.8 Million shares "currently" lol.
