"Strong volume compared to the last few weeks, along with the increase in price, leads me to believe that we have started our next move up, as well as the technical indicators. We needed to move above and close above .525, and we have.
"If we close above .52 1/2 on Monday I think we can all look forward to another leg up, with resistance levels at .56 1/2 .59 .61 and .63 based on my admittedly rough math." "
This is a quote from a post of mine a short time ago. Resistance levels are being hit at ~.57 with a new support of ~.52 and higher volume. This indicates to me that the new support/resistance levels are here. We may or may not have topped out yet, and may still go (percentage) substantially higher.
It seems I sold my trading shares a bit early, but a profit is a profit.
@ msjacksn7... thank you for the support in your recent reply. My core position in HTM is almost paid for. One more good trade will do it, and then it is house money.
Long HTM, and will add as funds allow.
The recent pps has been erratic over the last few days. The rumors and theories (hypothesis) have been erratic as well.
My view is similar to others here, with the possibility of a buy out. I had the opportunity to watch L2 on Thursday and saw some interesting things. Massive buy orders and minimal sell orders. Just enough on the sell side to keep the price down.
I'm not crying foul, or conspiracy. But I am curious as to why we had a 2M share day and the price went lower.
I stated yesterday that I took some profit as a trader. I do have a long core position. And yet I got blasted.
I'm not angry, and I agree that this is an open forum. What's said here is said to all.
I stated that I took some profit. What I didn't say is why. Or how much, outside of the %.
For the record, my current core position is about 12% of my portfolio. I have been (as a trader) at or near 50% of my portfolio on HTM.
I strongly believe that this company has a chance to shine, and that it will move up, and soon. I wish the best to all long holders, of which I am one. But I will continue to trade while holding my core position.
I wish I could say I sold today at .57 but I didn't. I did take some profit at .5369 and will say that I made 14% in two weeks. Not bad, but not as good as someone else I know.
Why did I sell today? I tend to agree with parto3frp, and think we had a weak finish in what should have been a strong day, considering the volume.
IMO, I think that we will have some more buying oppurtunities in the .50 range. Maybe a bit lower, .47~.49
But as a trader, I think the new range is set. I don't think we will see too many more chances to buy below .50 and I also believe that we are headed up from here.
My charts (short term) tell me that we are moving up, and I plan to buy and sell the dips and peaks around my long core position.
Nice work and great post.
I too was thinking about six years worth of revenue, hadn't considered "net" revenue. Shame on me as a former business owner.
Numbers do look good and I agree, seems like a good deal if they use the money wisely.
As an amateur chartist I will reply based on what I see on my three month chart.
The 10 day simple moving average is heading up. Same for the 20 day and 30 day exponential moving averages. The macd lines crossed around six days ago, or about the time we got our last jump. The rsi, mfi, and stoichastics are out of overbought territory, although not by much. And today was a Harami based on the candlesticks.
To explain, the 10 dma, along with the 20 and 30 dema are bullish. The macd crossing is also bullish, although the lines have flattened a bit, which may indicate a reversal, or in my opinion, a small drop in pps before the trend continues. The rsi, mfi, and stoichastics are also an indicator that we could have a very slight decline in pps. The Harami indicates indecision today, and that seems to agree with the light trading of ~160K shares.
Interesting question, "where are we going?". I still believe we will move up a bit more as we approach the 10Q. I may be a bit optimistic with mid to low .60s but don't really see that prediction as extreme. I could have sold at todays closing price and made 10.5% on some shares I bought four weeks ago, but am holding for now as I do see a bit more upside.
As always, I mostly follow short term charts. I also trade around my core position, which is currently long. I don't think we will get enough of a drop in price to warrant me selling my shares now and trying to get back in next week. For someone trading 10K~20K shares or more, it could be lucrative. But I am just a little fish in a big pond.
Do your DD!
Thank you edmann63 for the reply. My thoughts are right in line with yours. Could go either way after the filing. Volume was up, but not sure it was enough. Today was expected, big run up over the last couple of days needed a breather.
Appreciate your .02 cents!
With the recent price movement of HTM, along with the fundamentals and technical's, I'm curious to see what everyone's expectations are. And why.
I'll go first.
I think we will see mid to low .60's leading up to the 10Q. This is based on the recent run up, candlesticks, resistance calculations, fundamentals, volume increase, and the press release dated 1-13-2014.
I'm not sure where we will go short term after the filing of the 10Q. I do think long term we will continue to climb, and that this company has a very bright future.
So, what are your honest price targets in the short and long term? And why?
Lift off has started imo!
Strong volume compared to the last few weeks, along with the increase in price, leads me to believe that we have started our next move up, as well as the technical indicators. We needed to move above and close above .525, and we have.
"If we close above .52 1/2 on Monday I think we can all look forward to another leg up, with resistance levels at .56 1/2 .59 .61 and .63 based on my admittedly rough math."
I was a bit premature with that quote, but those are still the new resistance levels based on my "admittedly rough math". We hit .55 today, with a close of ~.54, and my charts show a bit more before we top out.
How much more, I'm not sure. It may be bumpy, and probably will be. But we are moving up from here imo.
I would compare the recent (last few months) price action to a shuttle launch. First, we have to move to the launch pad. Next, we have to line everything up just right. Then, we have to have the perfect weather. Finally, we launch.
Today's action appears to be the final few seconds to launch.
I am very optimistic here, but we still need to close above the "lip of the cup" imo before we see the next run up.
The "cup and handle" has formed in a textbook fashion. Two months for the cup, another month for the handle. Very strong close today on good volume. Didn't close at the high, but very close.
Also, the technical's have turned up. My charts are showing another move upward, although I would like to see the chart continue tomorrow for a confirmation. If we have another strong day tomorrow, I would think we will break out and move up to the next level. Maybe even by the end of the week. I'm not sure yet when the breakout will happen, but I am sure it will happen.
As always, do your own DD.
Knowing how this company has operated in the past concerning news releases, I see this as very positive.
The fact that HTM produced a preliminary report shows me that management believes they have a positive quarter, and that they want investors to know about it. Coupled with the recent charts and pps, this is very encouraging to me for the short term as well as the long term future for this company.
We will have to wait for the actual filing to know for sure, but things certainly are looking bright for HTM from my perspective.
I think insiderinfo911 is correct. I think the countdown has started.
But I don't think it's the countdown he's predicting. Anything is possible, but some things are just not probable.
Did HTM file a shelf registration? Yes. They did this to replace the expiring one, in the event that they need to raise capital for an unforeseen event. Could they use it? Yes. But this is unlikely given the recent events, such as plant capacity and time running, along with a positive quarter imo.
I think the real countdown is the time before the next leg up, and I think that countdown has started.
The technical's on my three month chart show we are well out of overbought territory. The candlesticks show a hammer, a doji, and a large white candlestick over the last three days. We have been in a downtrend since our high of .525, and I think a reversal now with a continuing uptrend is the direction we are heading.
I have watched this over the last few days, and haven't seen anything that tells me we are going lower. I still believe that ~.46 is the new bottom.
I stated a few days ago that I sold some at .51 and bought back at .47 and had no regrets. I still stand by that statement. I think this company has a very bright future. I think the next move up is coming soon.
Thanks for the info. I had it free with Etrade, but you have to make 30 trades per quarter iirc. I'm with them due to the company stock plan.
Is there a minimum number of trades to get free L2 with TDAmeritrade?
I kind of doubt that we will see .30's again anytime soon. I may be wrong, but I still think our new bottom is in, ~.46
May go a bit lower, but unless we have a very big problem, i.e. catastrophic failure of a plant etc..., this is it.
And if I may be so bold as to ask, did you ever get your 50K sell filled at .37? Just curious.
HTM is holding on an overall down market day.
Maybe I should say HTM is holding again on yet another overall down market day.
The cup and handle is forming/formed very nicely. The technical indicators on my three month chart are showing we are out of overbought territory, although not by much. The candlesticks are a bit indecisive at this point imo. We may still pull back further, to the .46 range, but I don't think that's likely due to the strong support we are showing at the ~.47 range. Add to this the low volume at this price, and that leads me to believe that this is the new bottom.
Another few days, maybe a week or two, and the overall market correction may be done. And when that happens, I expect we will move up again. I still believe we have to break and hold .525 before the next move up is confirmed, but I do think it's going to happen.
And let's not forget the fundamentals. 90+% energy production, plant problems fixed, etc....
We recently had a doji, a reversal as it were.
Then we had a piercing pattern, followed by a piercing pattern, followed by a harami yesterday.
Candlesticks are short term indicators. A few weeks to a month or so at most.
Most candlestick patterns require confirmation from additional candlesticks or other indicators.
My best guess is that we have another day or two, maybe a week, at this level, and then we move up. But we need to move above resistance of ~.52 for the price to hold. Very strong support here at the .46-.47 range.
Just my opinion. But I don't regret buying at .47 We may still drop to the .42~.44 range, but I feel we have our new bottom here at .46
Any comments or opinions welcomed.
Looks like a cup and handle to me, based on a three month chart.
Yesterdays candlestick was a "Harami". Japanese word for pregnant. One candlestick nestled inside of the previous one.
Not sure where we are headed next few days or weeks, but I think we will move up soon. I am still learning about the candlesticks. I will do some more research and hopefully come up with a better answer.
I think Monday will be a very interesting and telling day for short term trades. As stated, I watch a three month chart, with a 10dma, 20dema, and 30dema, along with other indicators. Short term to me is anything less than a year, maybe a few days, maybe a few months. I do also look at longer charts, but not as often.
With that said, we have had ten consecutive days above those moving averages on my chart. Today we crossed below the 10dma, and then closed above it. This is very bullish for the near term imo.
I had an order placed today at .44 but when I noticed the pps move above the 10dma, I changed my bid to .47 and got a partial fill. Again, very bullish imo.
If we close above .52 1/2 on Monday I think we can all look forward to another leg up, with resistance levels at .56 1/2 .59 .61 and .63 based on my admittedly rough math.
Monday may bring the next leg up.