PatternTrader0807

PatternTrader0807

I'm continuing to watch this stock closely. I am a low-level trader and don't have tons of money in this stock, but nobody wants a loss of even a dollar if they don't have to. If the .67 mark is confirmed in the following days then I suspect the .80/.81 upper resistance will be broken. Or, it could go the other way. Still too early to tell. News has been nothing...

PatternTrader0807 Updated 

I was looking at the historical dips trying to find trends. I noticed something peculiar. The stock "appears" to be at or near bottom. What I noticed was the during the 2000 and 2007 Bear Markets, "crash" I've heard some say, the stock increased in share price. NOT TRADING ADVICE: Would seem like funds could be shifted from losing stocks in the inevitable event...

PatternTrader0807

I've had half a dozen people on social media tell me about this stock. All of them keep saying it's going to "pop," but I don't see it. Only thing good about it at the moment is they have major contracts with big partners. Their earnings were down Q1 if I'm not mistaken. I pointed out on the chart why I think it will continue to trade sideways or possibly drop...

PatternTrader0807

This would appear to me that there will be a pullback to about the .54 area. Maybe .57-.60. Depending on if it gaps on open again. In which case .77 could be the new lower support if it drops during consolidation. If you notice the downtrend side: June 5, 7, and 14 the stock dropped below .77 (5th), .54 (7th), and .39 (14th). Now compare to the uptrend side...

PatternTrader0807

Makes me wonder how hard the correction really will be? Back to .24 area?

PatternTrader0807

The 3 month look doesn't look very promising either. Perhaps the layoffs hurting. News about lower than expected earnings for Q2. It's interesting that such a popular brand seems to be struggling in the Auto-World. A result of not merging like the others? In the 3-month view it seems to be turning down also. Lots of gaps. The correction for the last gap resulted...

PatternTrader0807

The volume seems to coincide with a reversal, but I'm inexperienced so I may be wrong. One of the previous low-resistance lines has been passed 39-40 cent area. If it does a double bottom off that mark through the week, I suspect it will continue to climb. There hasn't been any negative press. Additionally, several articles have come out about renewables and...

PatternTrader0807

Does this look like full-reversal to anyone more experienced? The 5-day trend is up, and it seems to have broken (or is close to breaking) the 24 cent mark set about 3 weeks/1 month ago. I am a complete amateur so insight would be helpful! Thanks!