everyone was warned about SAFS this morning. hope somebody listened. up 47% in the afternoon. still room to run.
Anyone else notice the coiling of the moving averages on the hourly chart? I am using the 10 ema, 50 sma, 200 sma. They are stacked on top of each other now near .82 - .83. Price is ready for a MAJOR move. earnings/guidance a week away, probably means that move will be up in advance of this event. I'm telling you, look what PPHM did before earnings announcement....it was predictable, I posted about it the day before it happened. There is a similar move coming here. Weekly chart: bull flag formed. Those buying $1 puts will lose everything
price just tagged a major support trend line, going back to late December. daily chart is forming an inverse head and shoulders. This morning's low, should represent the low of the week. I am long, and adding call options this morning. Look for a move similar to PPHM last week. imo
back above the 200 day moving average and the start of a 3rd wave. weekly call options could surge more than 1000% this week. imo
holding weekly and monthly $21 calls.
Equities to retreat back down to establish a neckline most likely.
Sub penny play of the week. SAFS. love that chart
could re-visit that $3.20 high by mid next week. imo
'buy when you are scared to death'
'sell when you are tickled to death'
long SLV Mar 14 $21 calls
price just also backtested that parallel upward sloping price channel I highlighted yesterday on the 5 min chart. that was the low imo. look for a fresh high today
price just swung from the 50% fib at 3.09, back down to the 38% fib at $2.50 area. I don't think you will get any shares under $2.50
price just backtested very significant uptrending support line. nice retracement into yesterday's candle. I think that was bottom
It is hard to say how high the weekly chart could go. Maybe we saw the high for the week after hours tonight. I can't be sure of that yet. I really think the 50% fib will be tested at $3.09 level. it was tagged after hours, but could be retested tomorrow. It should act as a magnet for price action until Friday morning's news imo. But in even the strongest of uptrends, there is often bear traps set in the first hour of the day. tight stops are taken out and those buying after hours tonight might feel a little pain in the morning. and many will bail as I expect some minor retracement into today's candlestick. Many guys are coming out with videos after the fact on PPHM, I wouldn't trust them. This move was predictable by the chart, so if they missed it, I would just be careful with their advice.
If I had to make a prediction... if we take out $3.09, price will test the upper trend line on the daily chart which sits at $3.55
Sentiment: Strong Buy
gonna have to hold some over the weekend too. it could be hard if this moves to $4 on Friday.
Soup is only a meal if you crumble crackers in it....
Thank you, I think MSTX is about done with its consolidation and you will see a very large % move there here soon. also accumulated some SAFS (sub penny) because of the technical picture there. good luck trading. I have not sold a share of PPHM by the way.
the overbought momentum indicators are being allowed to cool off a bit here as price has constructed a gently upward sloping parallel channel. normally, you would see a sideways consolidation or slightly downward channel or a W pattern. But this is the most bullish consolidation we could ask for. price is drifting into the next fib level, the 38.2% level at about $2.51 or so. Today, price will probably not be able to break this level. But I am not certain about this. there is no doubt, we will test the 50% fib soon. It sits at $3.09. Could be in the cards for Thursday or Friday. But management needs to deliver on Friday morning, that is for sure, and I think the market is pricing this in. Remember, these retracement levels are based on the technical high of $5.50 and the subsequent crash in 2012. Once price can clear $5.50, we can start talking market cap and fundamentals, but right now, the algorithms will take this up with or without our retail pressure
thank you. it is what I love to do. Keep an eye on MSTX. could see a very similar spike VERY soon.