Gordon: Thank you. I reposted on IH (credit to you) because these facts are so critical and some are too short-sighted and impatient to remember. By the way I posted the inverted head and shoulders chart there also which is a major indicator of a trend change. Not worried, not one iota.
websites like Stockcharts (Point and Figure charts) arrive at their target price (ELTP: 2.56)? Well, I don't actually know; however, when I draw a trendline from 04/11/11 (on a 7 yr wkly chart, it connects across the top of .97 and tops at 1.18 and if I do the same from the top at 09/16/13 it tops at 2.41. I agree with reid's former assessment of a near term range above .97, but let's play with charts and numbers and see if we can engineer a tighter target.
Thank you, Raj. It's always great to find a smart, knowledgeable poster/post on the board. And, it just makes sense.
repost: 'Just a bit different way to look at the chart: On Oct 14 the MACD was at (-0.0047). On October 31 the MACD was up to (0.00580). The MACD has not even got to (0.01) yet. At the high the MACD registered (0.047). On October 20, the MACD saw a positive divergence and both lines are still pointing north. Given the action on BBs as well, I do not see any reason to be concerned about the direction this is going; that said, I am not dismissing a slight pull back although the 50 DMA and my straight line trend line both support Friday's low of .315. '
I would estimate the price should continue this move to .345 before pulling back a bit. That is a 1.382 Fibonacci move. (It is possible it could go higher, but without a strong PR, I would doubt it.)
This is one person's opinion only and not intended to induce the sale of this security.)
jp_isco: Actually he did have a meeting with FDA in October. He told us in the CC that they met online-in October. That works. We cannot hold NH accountable for a timetable that a govt entity did not meet. Hope this helps; Happy Thanksgiving to you.
Although analysis is based on science (Fibonacci numbers are regularly found in Nature; and Elliott Wave Theory-mathematics. Look 'em up!); and human psychological response, most do not take the time to learn the various techniques. It takes years of study to learn these applications but the pros are known and they are millionaires and billionaires. For many TA is their work. I do not care about the ignorant who would dismiss the science of TA any more than I would dismiss the material of Fundamentals.
BS! This is what happens to stocks that experience huge runups - .06 to .97; and it gets manipulated to squeeze every drop. It is also an indication that you are best served by exerting patience and beyond over the long run. 'They' know how to squeeze shares out of frustrated and angry investors....that is all there is to it. This is why knowing and focusing on the fundamentals is so critical.
Gordon: For the upteeumpth time, you CANNOT separate the two. Just because I post TA does not mean I diminish in any way the fundamentals. Do you have just a left arm....and does your right arm balance the left? It's simple. Don't be a half wit, use both sides of your brain. It's really pretty simple...Are you smarter than a fifth grader?
Good luck to you; that was the dumbest statement I have seen on all boards today. Amazing!
Hi reid: 6 mo chart macd, adx, ma's haven't turned around, however they could quickly as that pullback should have taken all three corrective waves in one move. It wouldn't be unusual for the indicators to point south before the day they turn around. The very short indicators (2 day, 5 min) are pointing in a positive direction, but they are just that...short term. I can calculate an EW pattern if I start with .97 and stop at .25 on a weekly chart. But EW's are tricky so that is tentative. Personally, what I think is happening here is we have a partial decline in the channel and could reverse and have a powerful rise. A doji and hammer...good signs. And you?
This stock is a mess. And the effects of the following: 'its intention to offer and sell 10,000,000 shares of its common stock in an underwritten public offering' hasn't hit yet.