SMTOY a silicon Carbide Company just finished a bottom bounce
SMTOY is a manufacture and sale of electrical wires and cables in Japan. That's not all they do, they also work in the EV and semiconductor space using Silicon Carbide, and they make magnesium silicon carbide which is super strong and extremely light. These applications can be used for making aircraft and ev cars lighter, or making more durable semiconductors. Thanks to saavy sean for finding this and posting these numbers about it, mkt cap 8 bill ev 12 bill pe 13 forward pe 11 ps 0.35 pb 0.67. Don't ask me what it means, lol I just know it means its under valued and it good. The company hit an all time high of $85 dollars. in a 34 day period. Short Squeeze? Either way other companies in this field with worse numbers like Wolfspeed are at the $75 mark.
I just broke down the bottom bounce and yes its on an extremely high timeframe. One its really low and has stayed here for some time. I wanted to see what it looked like without the noise. I measured the last consolidation period and copied the size of that box over to current consolidation. Which shows that if this was going to make a move it would make it in the next 30-60 days. It has checked off all the criteria to complete this move. The only thing left is for retail to get behind it .. if the algo is unable to absorb enough of the float it can continue to the next level of support until it frees up enough shares in order to continue going up. Which is very possible considering it hasn't spent much time below this area in a very long time.
I think currently we are sitting in the buy zone and dca if it drops mostly because I am impatient so don't do as I do. The potential for movement is back to $85 which is a $75 swing. which could have been set up from the moment it popped to $85 back in July 2014. Sounds to crazy? I think its ironic that its finishing this move at the same time the market is taking a nose dive and that this stock with great fundamentals is sitting 8 times less than its competitors....It also is compared to honda and toyota.
Manipulated long term piggy bank.
by iCantw84it
11.06/22
I just broke down the bottom bounce and yes its on an extremely high timeframe. One its really low and has stayed here for some time. I wanted to see what it looked like without the noise. I measured the last consolidation period and copied the size of that box over to current consolidation. Which shows that if this was going to make a move it would make it in the next 30-60 days. It has checked off all the criteria to complete this move. The only thing left is for retail to get behind it .. if the algo is unable to absorb enough of the float it can continue to the next level of support until it frees up enough shares in order to continue going up. Which is very possible considering it hasn't spent much time below this area in a very long time.
I think currently we are sitting in the buy zone and dca if it drops mostly because I am impatient so don't do as I do. The potential for movement is back to $85 which is a $75 swing. which could have been set up from the moment it popped to $85 back in July 2014. Sounds to crazy? I think its ironic that its finishing this move at the same time the market is taking a nose dive and that this stock with great fundamentals is sitting 8 times less than its competitors....It also is compared to honda and toyota.
Manipulated long term piggy bank.
by iCantw84it
11.06/22
Comment:
Correction it squeezed to $124 randomly in 2014. I think this is a precursor to the high potential
Comment:
Comment:
This stock will launch by March 2023 if it follows
suit with previous earnings it will dip and then
rip as earnings is released. The dip on a daily would be the dip into liquidity.
The last attempt to absorb the rest of the float after breaking out of consolidation.
So basically to sum it up. I have posted a long term Bottom bounce that says its close to being complete....thats on a monthly roughly. it says it can be ready in 30-60 days but consolidation and stalls are part of the psychology needed to free up the shares.
Also All time frames are fractal. So if you look at a Daily chart which is the image above it shows that this is starting the same move but its about 1/4 of the way though. Which could potentially take 4 months to complete. If you look at the timing that would give you the Earnings time frame in Feb. So if you imagine what happens after the manipulation to the low and so on....
After manipulation to low you have price rise back to the high of the consolidation.
Then drop back down to put a foot in the high part of the manipulation to the low....
Then run back up and break out of consolidation.
Come down find support on top of consolidation.
Make a new high. Thens ome minor consolidation before it fails to break a new high and comes down to break the line of liquidity.
The line of Liquidity is the imaginary line every thinks thier stop losses are safe at because price has not broken this line.
Institutional algos break this line to free up as many shares as possible to regain control of the float so it can continue to move up for profits.
This last part is what price action is doing almost every earnings call for this stock. and right at earnings it launches for a 2-3 dollars.
Conveniently on a Daily the liquidity line will have been broken and dipped into in Feb. and right after earnings it could launch for profits. not only for the daily but also for the monthly. which would be a massive move.
Just think the bigger something is the normal jump or move for it is massive to something 30x smaller or 100x smaller.....
suit with previous earnings it will dip and then
rip as earnings is released. The dip on a daily would be the dip into liquidity.
The last attempt to absorb the rest of the float after breaking out of consolidation.
So basically to sum it up. I have posted a long term Bottom bounce that says its close to being complete....thats on a monthly roughly. it says it can be ready in 30-60 days but consolidation and stalls are part of the psychology needed to free up the shares.
Also All time frames are fractal. So if you look at a Daily chart which is the image above it shows that this is starting the same move but its about 1/4 of the way though. Which could potentially take 4 months to complete. If you look at the timing that would give you the Earnings time frame in Feb. So if you imagine what happens after the manipulation to the low and so on....
After manipulation to low you have price rise back to the high of the consolidation.
Then drop back down to put a foot in the high part of the manipulation to the low....
Then run back up and break out of consolidation.
Come down find support on top of consolidation.
Make a new high. Thens ome minor consolidation before it fails to break a new high and comes down to break the line of liquidity.
The line of Liquidity is the imaginary line every thinks thier stop losses are safe at because price has not broken this line.
Institutional algos break this line to free up as many shares as possible to regain control of the float so it can continue to move up for profits.
This last part is what price action is doing almost every earnings call for this stock. and right at earnings it launches for a 2-3 dollars.
Conveniently on a Daily the liquidity line will have been broken and dipped into in Feb. and right after earnings it could launch for profits. not only for the daily but also for the monthly. which would be a massive move.
Just think the bigger something is the normal jump or move for it is massive to something 30x smaller or 100x smaller.....