The Broad Market for both the $TSE and $CDNX are looking paricularly strong heading ino the January effect.
"$TSE dynamic"
"$CDNX dynamic"
GLTA Lostoutwest
Kenuck SmallCap Trader
National Post
Grandich
StockCharts Public Chart List
CBCnews
Please read our Complete Disclosure
Saturday, January 2, 2010
Paladin.TO
Paladin is having a bout of consolidation. Being that it has such a large float, it is prone to large trending swings with lots of volatility within a larger movement.
The price has entered a consolidation phase that has been whipsawing many investors during a traditional volatile time in the market. Having been exposed to tax loss selling and now exposed to the January effect, hopefully should show signs of entry potential.
Technically analyzing PDN suggests it is approaching a higher low and will take the final move to range or recover soon. Paladin has yet to bounce out of the consolidation as Paladin.TO 7 Tools of the Trade demonstrates.
7 tools of the Trade (compliments of Investopedia.com)
Paladin is considered a hot watch contender with long term potential to be a roller that is prone to Technical analysis that when practiced with discipline will provide superior swing opportunities.
GLTA Lostoutwest
Kenuck SmallCap Trader
National Post
Grandich
StockCharts Public Chart List
CBCnews
Please read our Complete Disclosure
The price has entered a consolidation phase that has been whipsawing many investors during a traditional volatile time in the market. Having been exposed to tax loss selling and now exposed to the January effect, hopefully should show signs of entry potential.
Technically analyzing PDN suggests it is approaching a higher low and will take the final move to range or recover soon. Paladin has yet to bounce out of the consolidation as Paladin.TO 7 Tools of the Trade demonstrates.
7 tools of the Trade (compliments of Investopedia.com)
Paladin is considered a hot watch contender with long term potential to be a roller that is prone to Technical analysis that when practiced with discipline will provide superior swing opportunities.
GLTA Lostoutwest
Kenuck SmallCap Trader
National Post
Grandich
StockCharts Public Chart List
CBCnews
Please read our Complete Disclosure
Thursday, December 31, 2009
Uracan revealed with the 7 tools of the trade.
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.
GLTA Lostoutwest
Kenuck SmallCap Trader
National Post
Grandich
StockCharts Public Chart List
CBCnews
Please read our Complete Disclosure
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.
GLTA Lostoutwest
Kenuck SmallCap Trader
National Post
Grandich
StockCharts Public Chart List
CBCnews
Please read our Complete Disclosure
Let's speculate on Uracan
Then we will practice discipline.. First the fundamentals and market motivators applicable:
Uracan has 40 million pounds Uranium NI 43-101 open pit low grade. This is solid.
Peers will have a hard time making a decent comparison when it comes to justifying their price at much higher levels... Uracan is speculatively way under valued for 40 million pounds uranium NI 43-101...
It appears Uracan has suffered and survived a consolidation during the recent closing .30 cent floor of the financing during tax selling. Charts and Level II show it clearly now...
Uracan is moving into the January effect undervalued. The January effect can have some powerful influence generating solid gains if strong fundamentals exist.
Uracan has no potential financing in the short term to undermine an overbought price... The price is oversold if looking at Stochastic.
Don't use StochRSI to make this determination. StochRSI only gives overbought, oversold, for RSI surfing the middle road. StochRSI is a dip picker on rising trends.
If we look at a long term chart back to 2007 we can see .30 cents is a resistance level that has been broken on two previous occasions which is very well positioned to act as a support level considering the recent financing and yearly timing and low price relative to the near term. Long term chart history is likely irrelevant.
Moving to a fill the chart setting which is more representative of today's fundamentals.... not being too concerned LONG TERM Looking back about anything other than identifying the resistance support level in step with today's Financing, January Effect and Tax Selling Market Motivators.
The float may give some concerns about a reverse split, but in this case my experience is, that the recent financing belays that concern for at least a year, and if you look at successful juniors moving into producers, reverse splits are not common with a NI 43-101... research on the probability of being a legitimate threshold for 40 million pounds low grade surface for a profitable uranium mine is quite impressive... If they had nothing but empty promises, I would be concerned. It will take some bleak news to go there (RS).
140 million shares fully diluted is workable and the warrants and options are priced higher and if news remains good they will be funding for real growth if the market motivators line up... there are numerous examples but that is for another time.
The only concern is where the warrant/options paper hits the price will be a slow down of price increase
The unanswered question is... Is the demand greater than the supply to make a trade now, and does anybody care? We are not bottom picking, as a bottom has already placed, what we are doing is double bottom picking a rising low.
We consider how much we can afford to lose and we set a mental stop of that amount, and if the price movement triggers this loss, then we implement a strategy of exit we have determined.
GLTA Lostoutwest
Kenuck SmallCap Trader
National Post
Grandich
StockCharts Public Chart List
CBCnews
Please read our Complete Disclosure
Uracan has 40 million pounds Uranium NI 43-101 open pit low grade. This is solid.
Peers will have a hard time making a decent comparison when it comes to justifying their price at much higher levels... Uracan is speculatively way under valued for 40 million pounds uranium NI 43-101...
It appears Uracan has suffered and survived a consolidation during the recent closing .30 cent floor of the financing during tax selling. Charts and Level II show it clearly now...
Uracan is moving into the January effect undervalued. The January effect can have some powerful influence generating solid gains if strong fundamentals exist.
Uracan has no potential financing in the short term to undermine an overbought price... The price is oversold if looking at Stochastic.
Don't use StochRSI to make this determination. StochRSI only gives overbought, oversold, for RSI surfing the middle road. StochRSI is a dip picker on rising trends.
If we look at a long term chart back to 2007 we can see .30 cents is a resistance level that has been broken on two previous occasions which is very well positioned to act as a support level considering the recent financing and yearly timing and low price relative to the near term. Long term chart history is likely irrelevant.
Moving to a fill the chart setting which is more representative of today's fundamentals.... not being too concerned LONG TERM Looking back about anything other than identifying the resistance support level in step with today's Financing, January Effect and Tax Selling Market Motivators.
The float may give some concerns about a reverse split, but in this case my experience is, that the recent financing belays that concern for at least a year, and if you look at successful juniors moving into producers, reverse splits are not common with a NI 43-101... research on the probability of being a legitimate threshold for 40 million pounds low grade surface for a profitable uranium mine is quite impressive... If they had nothing but empty promises, I would be concerned. It will take some bleak news to go there (RS).
140 million shares fully diluted is workable and the warrants and options are priced higher and if news remains good they will be funding for real growth if the market motivators line up... there are numerous examples but that is for another time.
The only concern is where the warrant/options paper hits the price will be a slow down of price increase
The unanswered question is... Is the demand greater than the supply to make a trade now, and does anybody care? We are not bottom picking, as a bottom has already placed, what we are doing is double bottom picking a rising low.
We consider how much we can afford to lose and we set a mental stop of that amount, and if the price movement triggers this loss, then we implement a strategy of exit we have determined.
GLTA Lostoutwest
Kenuck SmallCap Trader
National Post
Grandich
StockCharts Public Chart List
CBCnews
Please read our Complete Disclosure
7 Tools Of The Trade
Every once in a while we run into a well put together demonstration video presentation, or just a slide show relating to Charting, and for this trader, I'm always impressed by something that mirrors my own thoughts and experiences, especially when it is already done, it saves me a lot of work trying to muster some type of explanation on my own to give insight to my own style.. so as to allow a person who is attempting to break into Charting, get a gorilla understanding.
This presentation has a well chosen set of indicators and some really good analogy in how to use them..... a good choice of articulate wording and some true insight into simplistic usage and interpretation.
7 Tools Of The Trade
You can search for months looking for insight and I think you should always experiment on your own, however, 7 Tools of the trade is a gem.
Having said that, comes with the understanding that for some people, this is a difficult subject, so simplistic even in this case works better with an example... which leads me to the next post.
GLTA Lostoutwest
Kenuck SmallCap Trader
National Post
Grandich
StockCharts Public Chart List
CBCnews
Please read our Complete Disclosure
This presentation has a well chosen set of indicators and some really good analogy in how to use them..... a good choice of articulate wording and some true insight into simplistic usage and interpretation.
7 Tools Of The Trade
You can search for months looking for insight and I think you should always experiment on your own, however, 7 Tools of the trade is a gem.
Having said that, comes with the understanding that for some people, this is a difficult subject, so simplistic even in this case works better with an example... which leads me to the next post.
GLTA Lostoutwest
Kenuck SmallCap Trader
National Post
Grandich
StockCharts Public Chart List
CBCnews
Please read our Complete Disclosure
Wednesday, December 30, 2009
A Uracan look into the pipeline
Uracan.v
Over the last two months there has been little to post about for Uracan.V
Starting about Dec 23, 2009, the open bid ask spread on Level II started to show some accumulation, and release from tax pressure selling, and the resulting action has been an open at .30 cents with the bid sucking up the ask leaving a gap of 1 to 2cents between the two. Skirmishes on volume at .31 have been etching some nice looking positive divergence in a short term rising wedge formation chartwise in one of the charts I frequent. Approaching the apex into the January effect suggests a breakout with a good chance it will be upside.
Pick 4 Uracan.V
If your into speculative stocks with peers of lesser fundamentals pricing into .60+ then an eventual move to breaking our last high of .48 seems not too far off into the January 2010 effect... a move of 100% is not of the ballpark
Overall... trend is ranging, but considering this recent report out from the Midas Touch...
Cameco-points-the-way-for-uracan
This says it all, and when I stumbled upon the read, I was surprised to see how much it echoed my own thought about Cameco, and was grateful to be able to post a link to a far better accounting than I could muster.
Speculation speaks for itself (amongst other peers) with Uracan into some 40 million pounds in the ground for a price like this (.30) in safe water Canada.
The following video will help to bring a speculator up to speed. Make no mistake about it, I only present this embedded video as a supplement to better give a visual picture not to sway you, but to give you a grasp of the promotional cycle just beginning. Charting as we do it says the cycle is in positive showing. Add in a National Instrument (NI 43-101)... and it just gets better. Believe it or not, momo is not about the promotion, but is made up of speculators who look for the accumulation by charting and a vast amount of momo traders have absolutely no awareness of the fundamentals and even this video. Being able to trade the momo successfully means knowing when the stock price is low relative to what the momo can produce. Also knowing the last financing shuffle is out of the way for the near term with out fear of a Reverse split adds more weight to the trade.
GLTA Lostoutwest
Kenuck SmallCap Trader
National Post
Grandich
StockCharts Public Chart List
CBCnews
Please read our Complete Disclosure
Over the last two months there has been little to post about for Uracan.V
Starting about Dec 23, 2009, the open bid ask spread on Level II started to show some accumulation, and release from tax pressure selling, and the resulting action has been an open at .30 cents with the bid sucking up the ask leaving a gap of 1 to 2cents between the two. Skirmishes on volume at .31 have been etching some nice looking positive divergence in a short term rising wedge formation chartwise in one of the charts I frequent. Approaching the apex into the January effect suggests a breakout with a good chance it will be upside.
Pick 4 Uracan.V
If your into speculative stocks with peers of lesser fundamentals pricing into .60+ then an eventual move to breaking our last high of .48 seems not too far off into the January 2010 effect... a move of 100% is not of the ballpark
Overall... trend is ranging, but considering this recent report out from the Midas Touch...
Cameco-points-the-way-for-uracan
This says it all, and when I stumbled upon the read, I was surprised to see how much it echoed my own thought about Cameco, and was grateful to be able to post a link to a far better accounting than I could muster.
Speculation speaks for itself (amongst other peers) with Uracan into some 40 million pounds in the ground for a price like this (.30) in safe water Canada.
The following video will help to bring a speculator up to speed. Make no mistake about it, I only present this embedded video as a supplement to better give a visual picture not to sway you, but to give you a grasp of the promotional cycle just beginning. Charting as we do it says the cycle is in positive showing. Add in a National Instrument (NI 43-101)... and it just gets better. Believe it or not, momo is not about the promotion, but is made up of speculators who look for the accumulation by charting and a vast amount of momo traders have absolutely no awareness of the fundamentals and even this video. Being able to trade the momo successfully means knowing when the stock price is low relative to what the momo can produce. Also knowing the last financing shuffle is out of the way for the near term with out fear of a Reverse split adds more weight to the trade.
GLTA Lostoutwest
Kenuck SmallCap Trader
National Post
Grandich
StockCharts Public Chart List
CBCnews
Please read our Complete Disclosure
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