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Post by kite on Jul 24, 2019 13:04:07 GMT -5
That $1.03 doesn't appear to be attracting buyers. It attracted me... |
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Post by traderdennis on Jul 24, 2019 13:18:30 GMT -5
That continues to play out with the rising lows in relative strength as this washes out, I fully expect this to eventually result in a nice break to the upside.    Lowers lows, and lower highs. Looks like a bear flag/pennant to me. |
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Post by cjm18 on Jul 24, 2019 13:28:51 GMT -5
Expect a trend reversal. Q2call could be late next week. Mc has mentioned this call would bring an update on pipeline. Plus his Stocktwits comment.
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Post by casualinvestor on Jul 24, 2019 14:06:06 GMT -5
No news on low-ish volume and +7%. Some short(s) covering, or at least declining to short more so it can rise with buyers for this low low price. I know I did
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Post by mytakeonit on Jul 24, 2019 14:17:57 GMT -5
Guess I'm not the only one worried about UT's earnings call. Or, may be kite's follower's are buying in also?
But, that's mytakeonit
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Post by joeypotsandpans on Jul 24, 2019 14:33:47 GMT -5
That continues to play out with the rising lows in relative strength as this washes out, I fully expect this to eventually result in a nice break to the upside. Dennis regarding what you stated in bold above, to borrow a phrase from Dick Enberg (as opposed to your friend over on SA) Oh My!! Dennis, you really surprised me with this post so I'm going to give you one complimentary lesson see below as I highlighted some things for you:  A couple of things, first off bull and bear flags are used on price charts more so than on any momentum indicator charts. The relative strength chart on the bottom has rising lows as seen with the circles...so not sure what you were looking at but they certainly are not lower lows as you stated. The declining volume is indicative/confirming the fact that as this equity has languished at the lows it is on weaker strength as time has passed, see timeline at bottom with the corresponding rising lows...thus the washout and increased measure of short sales with minimal effect. Nevertheless, keep thinking we're in a bear flag if you will but this chart does not reflect any bear flag IMO, rather a long basing pattern that looks like it is getting ready for a break to the upside, again IMO. To each their own as they say but just wanted to point out how I see it, FWIW |
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Post by kite on Jul 24, 2019 14:41:14 GMT -5
Lowers lows, and lower highs. Looks like a bear flag/pennant to me. Dennis regarding what you stated in bold above, to borrow a phrase from Dick Enberg (as opposed to your friend over on SA) Oh My!! Dennis, you really surprised me with this post so I'm going to give you one complimentary lesson see below as I highlighted some things for you: A couple of things, first off bull and bear flags are used on price charts more so than on any momentum indicator charts. The relative strength chart on the bottom his rising lows as seen with the circles...so not sure what you were looking at but they certainly are not lower lows as you stated. The declining volume is indicative/confirming the fact that as this equity has languished at the lows it is on weaker strength as time has passed, see timeline at bottom with the corresponding rising lows...thus the washout and increased measure of short sales with minimal effect. Nevertheless, keep thinking we're in a bear flag if you will but this chart does not reflect any bear flag IMO, rather a long basing pattern that looks like it is getting ready for a break to the upside, again IMO. To each their own as they say but just wanted to point out how I see it, FWIW What app is this? |
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Post by joeypotsandpans on Jul 24, 2019 14:45:51 GMT -5
Dennis regarding what you stated in bold above, to borrow a phrase from Dick Enberg (as opposed to your friend over on SA) Oh My!! Dennis, you really surprised me with this post so I'm going to give you one complimentary lesson see below as I highlighted some things for you: A couple of things, first off bull and bear flags are used on price charts more so than on any momentum indicator charts. The relative strength chart on the bottom his rising lows as seen with the circles...so not sure what you were looking at but they certainly are not lower lows as you stated. The declining volume is indicative/confirming the fact that as this equity has languished at the lows it is on weaker strength as time has passed, see timeline at bottom with the corresponding rising lows...thus the washout and increased measure of short sales with minimal effect. Nevertheless, keep thinking we're in a bear flag if you will but this chart does not reflect any bear flag IMO, rather a long basing pattern that looks like it is getting ready for a break to the upside, again IMO. To each their own as they say but just wanted to point out how I see it, FWIW What app is this? Interactive Brokers Mobile App on a Samsung Note, excuse the freehand lines and circles lol....you could say it's back of the napkin phone screen charting |
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Post by jonny80s on Jul 24, 2019 14:49:58 GMT -5
Of course the day I decide to transfer funds..........
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Post by peppy on Jul 24, 2019 14:51:52 GMT -5
What joey said, additionally if there was a flag, I would post it. With, high-price, low price, point of break out and target.
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Post by prcgorman2 on Jul 24, 2019 14:53:39 GMT -5
Up on mediocre volume is nice. I hope it closes that way instead of a bunch of shorts piling on at the close.
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Post by Clement on Jul 24, 2019 15:01:26 GMT -5
Up on mediocre volume is nice. I hope it closes that way instead of a bunch of shorts piling on at the close. Maybe they've decided to let it run a little bit. |
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Post by mytakeonit on Jul 24, 2019 15:11:14 GMT -5
So in a nutshell ... joeypotsandpans saw thru traders bluff and raised him. Sounds good to me because I'm all in.
Also, just noticed that I'm still in the top 20 institutionalized investor group.
But, that's mytakeonit
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Post by longstocking on Jul 24, 2019 17:26:39 GMT -5
That $1.03 doesn't appear to be attracting buyers. It attracted me... And me. |
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Post by liane on Jul 24, 2019 17:28:41 GMT -5
I got $1.05 on Monday - does that count?
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