@Onepoint272 Thanks for the chart on DDD. By contrast here's the volume profile. It's drawn on there from the point of the first SC to this week. Notice it's currently re-testing the Value Area High. If volume remains light it will signal to the longs time for the next leg up. If supply increases then yes, it would likely test lower towards that breakout 16.00 level. Anytime I see a big volume push up away from the POC (point of control aka "Most Active Price") I feel comfortable that longs control the current auction It's basically an SOS in the volume profile world. Based on the smaller volume nodes where it previously tested 20-23 - there's not that much supply to be churned through.
LOCO on the verge of a major long term breakout. PnF measurement of 12+(43 x 0.30 x 3) = $58.70 Monthly chart shows your classic "Spring" which usually precedes a major SOS and mark up (final shakeout of weak longs / late shorts) and again on a higher timeframe like a montly chart is a serious long term signal. *** Finding entries on these have always been a struggle as many of them have continued rampaging well after the creek
I do believe a big mark up phase in SONC has begun. I'm actually kind of shocked the stock is even priced this low to begin with - their ads run nonstop on TV. PnF measurement of 24.50 x (51 x 0.50 x 3) = 101 If I start the measurement from SC on Oct 2016 at the very least it's looking at 24.50 x (27 x 0.50 x 3) = 65 For you PnF pro's please let me know if you see any faults in my charts
Picked up some NVTA today. Thanks for pointing it out Rock. The timing is all on me, we'll see if it works. The supply was pretty dry the last couple days and today it appeared to reject lower prices. That June 2015 swing-high would be about an 18% gain. Daily: 30-minute sticks:
Another good find Rock! I suppose we have to guard against a possible upthrust though. Need to look at smaller time frames. I would label the vertical monthly chart like this: I suppose that creek could be labeled as "ice", ahh it's just a label. I did not label an SOS because I didn't think the volume merited it and because it came into the TR from an uptrend so it doesn't need to prove demand. and I get about the same as you using a $1 box:
That lack-of-supply test on the daily of SONC looks good. At least it doesn't appear that they ran it up to distribute. Daily: On the 30-minute, that closing down bar had a lot of effort for the result....appears to be quality buyers going into the close. So the upper tail on the daily isn't so scary after all.
LOL we think alike, as I nearly bought. Still might tomorrow, but would prefer to wait until end of Friday and get a good clean low/no supply signal on the weekly chart (what I previously referred to as an "inside" week). The volume profile confirms the most active price is $14.10 and that's factoring the move from the 9's up to the mid 15's.
Whoops .... you're right. That's "ice" up there, not a creek. Just goes to show you I'm so programmed because I mostly fish around bottoms. If it morphs into an upthrust then the stop would be no lower than 33. To update things - my list right now is: SEND KTOS NVTA SONC LOCO DDD
I was suggesting MY chart should have been labeled "ice" instead of "creek", but I could have the semantics wrong. I'm thinking now it might not be called ice unless the price breaks below it. Frankly though I don't find that post-Wyckoff (Bob Evans) nomenclature all that useful. Well, I did draw a "wiggly line connecting the lows", so I suppose I should have labeled it as "ice".
Sure thing man! Oh and before I forget HDP (don't have the time to post the chart right at this second).
The "ice" line to me seems like a guessing game... There's no clear rules on how to draw it... Depending on how much you let it "wiggle" it may never be broken.... I see how it can be useful identifying the danger zone, but never trusted myself to draw it accurately
Too bad it sold most of it off. Jeez @Onepoint272 the f- is going on with this one? I'm seriously having the hardest time holding most of these for their longer PnF targets. I'm often satisfied with a 2-5% mover let alone a 10% and just compounding my gains. I'm trying to work smarter not harder, but man the long hand is somewhat of an adventure.
Seriously what a wild day on NVTA. Look at that nasty upper wick it miraculously overcame on the 4 hour chart to open the day.
No publicized catalyst as far as I could tell...the public hasn't been invited to this party yet. Daily bars: I'm reposting the 40-cent-box x 3-box-reversal PnF for convenience, price objective = $54.
LOL that's the best part! Once the invites get sent via some analyst report or company news then she'll really get goin'. Somethin' about today's opening 4 hour volume makes me think it's around the corner.
I think I may pyramid this one (NVTA), add on pullbacks. I need to look at your other best find, SONC, but I need to go to a wedding so It'll have to wait.
