End of month...options balanced, MM balances his books, etc. Nothing to do with tech numbers.... in my humble opinion..as for techs, we are simple trading around the 5 and 10 Day Simple Moving Averages ( $ 8.15 and $ 8.16 ) and waiting for some volume to break us out of a long consolidation pattern after the last leg up and gap...about 10-12 days ago.... Stock looks fine...key day will be the "Day Before" the SSS Thur a..m because this stock is "leaky" and has been for the 2.5 years I have been in it. One good tech is the short-interest is comparativly very low as to what it was a year ago...that is always a good sign for bulls.... good luck to you... Drummer
For my charts, which I look at longer range targets, I need a volume driven leg that breaks the previous high... approx $ 8.82-3 and then stays up there for three of four days either by consolidating in to a flag or box, or making another short term leg on up and close above $ 9.00 and stay up there for 3 or more days..any formation as long as it does not pull back down will set the stage for the next major move. My original target, about 12 months ago, we should have been at $12 by the end of Feb but the bad infor for two quarters that came out of management put us behind...we are back on track now and my next buy level is still $ 10 or better after we stay there and are no longer classified as a single digit stock..it is a whole new ball game after that..... Good luck to you guys.... Drummer
TKS...you usually come close or right on... Have you produced a chart for trends.....like 12 months or 4 seasons..something like that ?
On a macro view, the world is running out of storage space (ship and shore). When there is absolutely no place store it, not just drilling and production stops, but transmission stops. Oil in refinary reserves is limited. The whole system stops and then refineries drain the system faster than production and transportaion can catch up and prices go up and produce make more profit on less sales as they reload the flow. In the meantime, wells sand up and it takes time to re-work them. The whole system takes time tor get back into the over capacity we have been in but no longer.... just my opinion..don't worry about pennies and start thinking dollars... Drummer
As we go into the close you can see the "Doji" warning was justified and the current Advance Decline is almost even again. Look at three month daily charts and S&P 500 are400 are hanging on by their finger tips. OIL (the ETF) and Dow are rolling over. However, and encouragingly, the 2000 slim but not rolling over yet.....
Shoal... a "DojI" does not predict it only warns. Since it formed at the lower end of the previous day's range, I would guess it is bearish but I do not use this system to predict in my own investing but to confirm or warn of possibilities...and I awasy go with the fundamentals. I think what is happening here is RAD is being influenced by all the Retail ETF's that are in the algorisms that trade RAD... JMHO
Yesterday’s close created a “Candle Stick Doji “ which is a warning of a trend change. $ 8.18 is the 5 Day Simple Moving Average. On the S&P 500, 2093 is a base line that trading has been revolving around and any substantial two-day close below that will form head and shoulders pattern according to the guys on the floor. I do not see it that way but they do. I do see a very, very short term top being formed but too little trading to tell. Caution signal to me is three consecutive days the advance decline on the NYSE has been almost equal and that always indicates a trend change.... Good Luck to you all... Drummer
Well, If you look at my past posts you can see I have just been buying and accumulating this stock for a while. I believe it will utimately be taken over in the $10 range and $5 is the next major level. It will sit there a little while unless someone steps in to take ove sooner. Actually I have been looking for that to happen anyday because of the low price but I know management will hold out for something in the 10 area. Too many very, very large shareholders are looking for that price and management will stick with that. You need to be patient for this kind of play. You saw today where they just appointed a new exploration exec, a 30 yer vet who is well know in the patch. Read their last few releases and look at the lilquidity of the company. If you are refining your entry price a few cents than look for a softness in cash oil soon and you may get a little pull back but I don't worry about that kind of thing. I am in for a score, just like RAD.... Good luck to you
Very short term is 5 Day Simple Moving Average around $ 8.05, 10 is at 7.69 and 20 day is at $ 7.52... 5 day is the key short-term and trader's stops should be sitting around & 7.89-90 (low of current consolidation "Flag") but this is all very short-term stuff
Not sure if you are posting to me but here are my thoughts. The S&P has to stay and close above the 2093 + or - and the Dow has to follow through and clear 18151 + or - . RAD has to clear the curren consolidation "Flag" and close above the $ 8.62-63 level for a new leg up and buying into that would be reasonable. I am still holding off for $ 10.00 and "single digits" before I add any size to my position. General Market in tought spot again with Advance Decline heavy on down ticks. If RAD break to down-side I will pick up a 1000 or so to test my charts but those are throw- away trades.... hope this helps you... Drummer
S&P Cap I.Q., which has consistantly been the most conservite subscription service yesterday raised their target to $10.00. As you know, that has been my next "Buy" level for some time since we will no longer be a "Single Digit" stock and brings in a whole new set or traders and investor. I believe $10.00 is not a target but the beginning of a whole new phase in the turn-around and maket attitude toward RAD... Good Luck to you all.... Drummer
Thank you for such an informative post... it is refreshing... and does give me a rational explanation of what is going on in RAD and a number of other issues I have acting in the same way.... Drummer
I have been in this stock over 2 years and pyramided up. But this entire RAD rally back up from the $ 6.68 low a few weeks ago has been strange and suspect because of the confusingly low volume. But this is doubly confusing because it has been accompanied by a general market rally, often with extra large index moves... yet the advance decline of NYSE stocks has been even or more often negative, along with a heavy 50% unchanged for the day or did not trade. Today is a repeat of all that. At 12:00 EST. there were 106 up and 233 down and the balance unchanged or did not trade...that is of the over 6000 issues listed. And all the indexes are up with big numbers. That is the way it has been going since late January. I have never experienced this in all the years I have been in the market. Sadly, RAD and the Indices look like they want to roll over. I am open to any reasonable, well researched, explanation and would welcome it...Good Luck to you all.... Drummer
I have so many on "Ignore" I can not longer tell. HOWEVER, I also see a lot of strange posts that are seemingly pro RAD or benign. It is possible they are now working for roll-overs to the long side or .. more likely..using the very low and suspect volume to suck us in and then shor into ust for the next correction..which is more likely than not if you look at a 6 month chart.... Good Luck to you all...
You're almost right. No big blocks considering the full days trading but in my deffinition but at 16:01:09 325,426 crossed at $7.29 and two small blocks then at 16:01:13 a block of 255,130 at same price...not significant considering the length of the set up.... I am stumped....I look forward to tomorrow... by the way... I had a number of stocks in a differnt industry and sector that traded exactly like RAD but higher priced stocks and not turn-around situations.... good luck to you.... Drummer