This page is the starting page for the Cematrix Stock charting link! The link leads to a weekly chart that will dynamically update as time progresses. It is the simplest way to choreograph a speculation across time.
For each start page example..... in this case ..... (a speculatively fundamentally solid penny stock), it is far more efficient to use a starting page and a link to a charting platform... than to paste a compromised picture of it here on this board, and then create follow up posts.
Each start page becomes the source of all the links... real easy to manage and navigate at the same time.
Consider this study as experience in successfully attempting to rationalize and participate in penny stock plays.
The attraction to follow this stock is that it is not a resource stock like gold or silver etc., which has been beaten to death by all the hoopla, where there is so much competition for the resource crowd investor as compared with the type of investor who would be tempted to play an issue like this with such a promising chart profile... After looking at the chart, and understanding the proprietary product and low competition along with what appears to be long standing growth, makes it an interesting play... even more so if you factor in the fundamentals speculation which is so important to the mainstream crowd.
Cematrix website Link to chart in public list Stockcharts Public List
The purpose of this charting effort is to attempt to track this potential early move in a longer trend that appears to be in the breakout stage of a long term bullish rising triangle shown in a weekly pattern ... Trading is light, and low volatility accompanies a significant trend that has been established over the last 2 years where the price has broken out under the radar.
CVX is now trading quietly above both the 50 and 200 day average when viewed in a daily frame.... which will bring it to the attention of traders who scan for these popular averages. If there is a pre-promotion buy in, and it appears that there is... (take note the 2012 March/April breakout accumulation)... as well not being a resource stock, there is little competition for the product for a piece of market share price against a small float and small options package as presently known. Not too much resistance in a paper overhead as of today.
Watch the volume and feel comfortable with a daily volume average growing to between 40,000 to 100,000 thousand as equally being able to support an uptrend and still be within reasonable parameters for a low beta. A low beta at this time will allow for a decent price appreciation ahead of any spikes that may provide swings and buy back ins. As of now the volume has yet to reach these numbers, and that is good from my thoughts, but will likely present a too early view of the potential for anybody but the most experienced. What that means is that the early bird gets the worm applies here.
Using ten baggers and greater as charting test subjects... The problem in picking long term up trends... is that as time progresses... the chart becomes distorted on the left lower side...
It becomes apparent in the final stages of over bought chart distortion... that you wish you could have seen the beginning and recognized the start of the long term up move... risk is of a different kind at that stage..........!
That is where you could have bought some... as the price has/will move significantly since then, and is at more risk..
A chart depicting a long term trend in the final stages gradually shunts or causes the lower left side of the chart to be compressed and warped.. If you are to see and recognize early stage movement of what the beginning of the trend looked like then... you must create a timeline in the chart studies of successful up trends that cover a historical section of dates to draw on... this allows you to create charts that only show the section of the early beginning of the trend. In this way you can learn what to look for!
Having done that... knowing what to look for looks like this chart which represents a classical picture of the beginning of what a long term trend would/might look like if you were lucky enough to recognize it for what it was... and were prepared to bid and not chase. A move to a dollar from these levels would be a 10 bagger and a simple 100% double would only be a future share price of .20 cents. Either of these targets would be well within reasonable striking range over a 4 to 12 month period starting from the timeline just after tax selling. Bidding builds a support step to higher levels and is quite efficient in thinly traded issues. The strategy would be to bid at .11 cents as the highest for now. This would close the gap (which is about .03 cents current Level II as the most to bid/go remembering this particular original start page day) defiant from the bid to the ask, and draw down sellers which could be insiders or retail. This allows a person to take a position and be properly placed. There appears to be no sellers other than retail if you go over the history for volume... or watch Level II as the bid moves up gradually to see the sellers traded out... an average daily volume of 40,000 to 100,000 or less is ideal in supporting a sustained up trend over a multi month/year upward trend breakout. Most price trades on sentiment and at these market caps.......... you need to know your not being dumped on in order to be good at this..
I must say that a chart does not imply anything other than what the share price is doing as of the day it is looked at.... any speculation on the direction a share price will take is at the whim of the beholder, and this applies to all stocks from here and in between (including APPLE) because this trader believes that there is no valid rationalization to use the stock market for investing and no matter how solid the fundamentals, fear and greed rule... so sentiment is key to playing and keeping your money.
However, fear and greed is best fed on solid fundamentals.
It helps to aim the charting study at something that has some strong speculative fundamental considerations if it is in penny land... for a chance at holding on to a potential bagger of some sort and to have some fundamental strength to back up the speculation. The share structure in this issue is quite intriguing (low float) with little options as overhead. This link leads to a quick summary of considerations (early promotion just being set up) of which are obviously in the early stages of being prepared to create customer awareness... The final thought is... if your going to play high risk... best to buy now!
There appears to be opportunity to get a stink bid filled in the area of .085 to .10 cents
Dave GLTA
If you see the hand mousing over screen shots... click on screen shots to enlarge them.
After connecting to a link... you should refresh the page by clicking on the Home button or the Web Page title to ensure the latest updated page
|| Stockcharts Public List ||
|| The Gold Report || Korelin Radio || StockCharts You Tube Lessons || Money In Metals || Resource Clips || Stockhouse || Bullion Bulls Canada || National Post || Grandich || Penny Stock Journal || FreeStockCharts || Gold$eek Drill Results 101 || CBCnews || Seeking Alpha || SmallCapPower || Macroaxis || GOOGLE
Please read our Complete Disclosure
Cool Blog Dave, quite a lot of material here and also informative! Would be nice if there was a forum to share info and chat about the market... I'll keep following your updates!
ReplyDelete-Aaron.-