Based on cycle theory and volume bottom bounce we should see a move on this stock at around $2.00 Maybe less. I have my alert set I will let you know when it goes off. by iCantw84it 01/25/23
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Moving trigger down to 1.79 if it closes above this it should be enough on the trigger to confirm.
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Looking at 3:15pm est time for a test of the cloud at $1.81 based on cycle theory this is where its been stalling.. around that same time we should have the same amount of volume spent in consolidation as in the dump which means its ready to start the next step which should be going back to the last high
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3:25 my bad
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its a shame this didnt get to the trigger today lets hope the volume kicks in enough to trigger it tomorrow....
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next test to market is here.... relatively avg volume right now so unless the float has been absorbed here im not really sure anything huge will happen... most likely a gradual move up lots of volume in the 1.67 range to get through so it would need to pick up its pace to get through it in a short period of time....
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They are just holding this thing down.....We have stocks popping all over the place... and bbby dropping like a rock....meanwhile this stock is coiling up still.....the longer the better.
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bottom bounce forming on the chart as well.... could be lining up to be something serious. 11 days of tight consolidation. in just a few days prior you can see it travels outside of this range pretty effortlessly. this might take another could of days to start to show progress
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I've got a new way to gauge when a stock is ready to go. lets test it here. When this diamond appears , price action needs to move away from it and come back to the area of the marked candles range in price action. when it comes back the second time it should be ready to launch.
I just noticed something pretty interesting. Todays volume is the most volume this stock has ever seen in one day. The next largest amount was around half as much at 20mil in a day. The stock moved $4 that day.
What I’ve found in the past is when a candle holds more volume than any of the candles around it. But is smaller in size compared to other candles it’s size. It usually means it’s coiling up and about to pop
iCantw84it
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Even though this never made its move the purchase wasn’t horrible and it still is trying to move just not with the recent bank closures. However. If you did buy this and hold it. You did receive shares of cxai its subsidiary company and they are work 4.25. Not bad and still moving. Thanks to Savvy for the breakdown on what’s going on with the company, I only look at charts. He’s my fundamentals guy.
iCantw84it
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Finally it moves. Just barely above avg
iCantw84it
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this is the right time frame
iCantw84it
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next test to market is here.... relatively avg volume right now so unless the float has been absorbed here im not really sure anything huge will happen... most likely a gradual move up lots of volume in the 1.67 range to get through so it would need to pick up its pace to get through it in a short period of time....
What I’ve found in the past is when a candle holds more volume than any of the candles around it. But is smaller in size compared to other candles it’s size. It usually means it’s coiling up and about to pop