It works for the most part for me. I havent read any books or had formal training on technicals or anything. I self-taught through trial and error and I found the easiest way for me is just using the RSI and MACD.
If I want to enter a stock I will only do it during an oversold situation and based on some of the larger time frames such as 30 min 20 day and daily 100 day. I will decide if I want to do a quick flip or hold for longer.
Stock is too volatile had too quick a run up too fast. if you are going to trade you should only flip for nickels at oversold points during the intra day on this. if you look at every oversold point throughout the day it always bounces back at least about a dime before heading on its downward path again.
If you reference the 30 min 20 day clearly its in a downtrend with the MACD line crossing below the signal. Would not try to hold it for longer than a few min.
Probably another day of red or two. wait for some consolidation and cooling off of the daily RSI a bit more then grab some.
the whole stock market is just a big rigged game to swindle your hard earned money honestly. we all know that. stocks pump on fluff and dump on substance. its all MMs. they move the market in the direction they please and its all to still your life's savings. This goes for everyone shorts and longs. the only thing we can try to do is bet that we are on the same side as the MM playing.
well duh i have never witnessed manipulation on a scale like this. asks that never end no matter how many are bought. dumping of millions of shares at once. the whole stock market seems to be one big scam.
would have been green already but someone is desperately trying to keep it from getting there. who would dump 120k on the bid after good news like this knowing the stock is about to run?
someone was doing some major buying or covering right now in the PM. but after any round of buying someone makes sure to go and knock down the bid.
on another note this could be games going on on behalf of the big buy that was sat at 1.55 yesterday for 950k+ shares. if an open sell off is induced he can pretty much grab shares way cheaper than his bid yesterday.
seen this in other stocks. after shorts take a position they play games in the AH and pre to try and knock the price down to cause a sell off at open.
If you can convince me that a long really wants to sell 100 shares at a time at low ball prices when he could have sold intra day for .30c higher id think otherwise
AH are really all about games and scare tactics from what I've seen in the past. but its not like the stock is going red its still up 28% and you have the CC tomorrow to hopefully get you back to where you need to be.
But as a consolation some size finally started showing up on the bid in the AH to stop the monkeys from playing games.