Before you inspect the chart... you should not expect to see obvious signs of baboon dart throwing or intuitive voodoo insight other than it may take a bit of practiced focus to peal the banana.
Uracan revealed with the 7 tools of the trade (compliments of Investopedia.com)
What a chart predicts is "SQUAT"..... Being able to accurately qualify the real speculative fundamentals and relate them to market motivators allows a chartist to speculate the potential price movement outcome of relative conditions which are measured by the various indicators involved.
Playing small caps and juniors is playing the sentiment of price movement motivated by fear and greed.
Using charts indiscriminately against everything and all stocks is what defeats budding chartists who regard the chart in itself as an Instrument of Voodoo.
Target your choice of stock with care or you may be eating your crystal ball sooner than not. Broken glass is painful to the pocket book.
Let me do some Voodoo gorilla charting..... I have added an eighth indicator StochRSI(14) to read the RSI(14) for dip picking up trends.
As well I have added a ninth indicator, or rather a modified StochRSI Set for (140). This indicator at that setting has demonstrated a consistant habit of associating with an up trend when it starts to move above 80. A strong fundamentally speculative stock in a strong market showing a strong StochRSI (140) has a better than average chance of hitting new highs or continuing an uptrend where swings on spikes can be made and using stochastic or MACD buy signals on dips make dip picking a good possibility of being successful.
I have placed the Slow Stoch(14) default directly above the Aroon (25) indicator because this presentation shows distinct buy signals as the indicators move from overbought to oversold in opposite directions forming a squeeze or pinch of their moving averages, resulting in narrowing easily visible, so provided that fundamentals and motivators are lined up with market timing, it can be good opportunities to enter as demonstrated.
Good trades in speculating price movement are not guaranteed but very much increased.
It also helps to make sure you are using targeted stocks that are being promoted by respected and time tested promoters.... in this case.. Uracan is receiving good press from The Midas Letter among others and is relatively low in price compared to recent pops pre tax selling and pro financing pre January effect.
The chart on the end of this link is going to mean many different things to different people, however, with what I have presented up to this point, I see 5 buy signals, two positive divergence indications... OBV Acc/Dis, and two topping indications just entering the pop stage. (bullish)
Under normal circumstances, a couple of months ago, if I saw this same chart pre all the Market Motivators listed I would not be as bullish as I am now.
There is no prediction, only calculated probability that needs to be verified. I have made a trade, and now look to .28 to .30 cents as my mental stop which if triggered... should the January effect, which is my kicker, fail to move the price emotionally. With relaxed tax selling on strong fundamental considerations within the month of January, triggering my mental stop will make me very alert for any bad news to cause me to abandon the trade with as little loss as opportunity presents. I'd rather keep most of my money than fall in love and live to trade another day.
I have selected a specific time frame to freeze the chart so that the commentary will not degrade as the time frame moves forward.
Uracan revealed with the 7 tools of the trade
7 tools of the Trade (compliments of Investopedia.com)
This link Uracan.V leads to Kenuck SmallCap Trader Pick# 4... Uracan.V... Login (123)... Click Pick# 4... scroll down and look over the chart selection and see the action by checking the links in order.
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