CAHI had been absent on the volume for a few months then started to see some mid Oct. Today CAHI saw a record volume day on news and spent most of the day trading between .12 and .10 to close at the low of the day on what looked like one seller wanting out at .10 at the end of the day
The trading looked really good here today with most being buys at the ask and CAHI is looking like a true "volume before price" kind of play.
Lots of buying happened today on the news of new business opportunities in Sandy's aftermath
The important thing to look at on this chart is not the indicators so much because of the limited trading in the past but to look at the tight price pattern since mid Oct. to today and the record volume which shows shares being accumulated on this base and we are looking for a breakout upward as shares get scarcer.
Anything under .12 should see an easy 50% on any rise above and we are anticipating a move up soon. Perhaps as early as next week, giving us all time to get in on this soon to be Popper, IMO.
I don't really see price dropping below .08 and that is our main support here. Lots of good buying today in this volume!!!
FEGR chart is in a very bullish bottom formation right now and accumulation is looking very strong here.
Notice that the biggest volume days are on the "green" price days with low volume on the "red" days.
What this suggests to us is that with buying pressure shares are obviously being bought up but the important thing about this volume pattern is that on the down or red days the shares are being held by most.
This is what sets up a nice base on a bottom chart, once resistance at .001 is broken we should see a strong move upward and we are accumulating all we can under .001
Resistance could be felt up to .0012 then .0025 is our short term target with FEGR Unfortunately, with blogger I can't send posts when they are written, the chart took off not long after this post. I am still sitting in the .001 range and lower for any pullbacks to support. Very strong buying came in, to take out the .0012's
We are currently looking at another bottom play with some really positive updates expected in the near future. Should have that to you this week and before any run, just dding it now.
The daily chart broke out last week, we know! Price has been holding well around the .0035 range after the .003 break. Looks like pretty strong breakout consolidation, we're happy with this action.
The weekly chart has now come upon resistance but looks very strong. Three straight weeks above the 50ma on increasing volume plus the Psar flip this week added one more bullish confirmation as a buy signal. Looking at the three overbought indicators below I wouldn't be surprised to see a repeat of what happened in the beginning of Sept. (some pullback) Overall the weekly and daily charts are looking long term bullish. Core holders here should be all smiles ;-) !$!$!
THCB came out with a few updates since my last post about this R/M play
First is the postponement of the shareholder meeting by a week or so, seen here from OTCMarkets -
Jerry Monday, President and Chairman of the Board, announced today that Texas
Hill Country Barbecue will postpone its annual shareholders meeting scheduled
for Thursday, October 25, 2012 until early November 2012 due to ongoing
discussions that will not be complete by October 25, 2012.
And secondly, today we got a news release indicating that THCB is headed in the direction of oil and gas. Very interesting things going on with THCB and we are very exited as this play developes!!!
Texas Hill Country Barbecue Announces Board Changes
Oct 02, 2012
OTC Disclosure & News Service
Irving, TX - Jerry Monday, Chairman of the Board and President of Texas Hill
Country Barbecue, Inc. (THCB), announced today that board member Ken Dougherty
Frank Markey, a Principal with Investor Land Services,
Inc., was appointed to replace Mr. Dougherty.
"Mr. Markey, a Dallas land
and oil and gas investor, brings the THCB Board the knowledge and expertise we
are seeking with the new Board of Directors. We have begun to rebuild and
rebrand THCB. We thank Mr. Dougherty for his years of service and wish him all
the best" said Mr. Monday.
If you need to catch up on what has been taking place in the lead up so far to this R/M play click on the title of this email and it will take you to our blog site.
Chart looks great! Can hardly wait for the next update here!!!
IF you have been playing along since we first brought RFMK up in our alerts you have seen a potential of up to 200% through this recent consolidation!!!
(That's 200% durring consolidation!!!)
Just buying support and selling resistance. Keeping a core position for breakout we are now looking for more!!!
Price broke out on Friday with relatively avg. volume. I was wanting to see price hold above the 200ma/upper trendline to confirm the breakout and todays price action and volume was great confirmation.
Here's the daily chart
I won't get into much detail on the weekly until the week is done, but here are the resistances marked at .004, .005 and .007
Friday the Co. also gave us an update on it's annual shareholders meeting which is to happen on Oct. 25 2012
Jerry Monday, President and Chairman of the Board, announced today that Texas
Hill Country Barbecue will hold its annual shareholders meeting to elect a new
Board of Directors and conduct other company business. The meeting will be at
Prestonwood Country Club on Thursday, October 25, 2012..
THCB has yet to indicate the incoming Co. but we are getting updated on a very regular basis and may be inclined to expect a possible name drop in the meeting in October
Now, as for the chart of THCB my enitial prediction of support at .05 did not hold (low volume can do funny things) But .03 did hold at the 50ma and price saw a nice 100% bounce from there on the release of recent filings.
THCB is looking good and getting better in our opinion and we are looking forward to more updates and the shareholder meeting in Oct. ;-)
RFMK has given our members yet another great opportunity to buy support right where we expected it, between .0018 and .0015, Thursday RFMK made a bounce back up to .0026 to close at .0025. ('round about a50% flip)
We are aware of the bullishness in this consolidation but do not forget resistance at the 200ma (now an upper trend line in a bullish pennant) and will remain cautious as price reaches .003 area as we buy support and sell/flip resistance not the other way 'round ;-)
RFMK remains a long term play and we will bring an updated weekly chart soon. The weekly is really starting to look good and subscribers to chartsbyoriginalnewt should have a decent position already by buying the supports we have anticipated ;-)
Lots of chatter picking up on THCB tonight, there are talks of a reverse merger here and BIG UPDATES to pinksheets soon!!!
I was able to watch this trade today and it is one of the thinnest I have seen in a long long time on L2!!!
.06 held very very strong as well today as the buyers came back on the ask for a near HOD close. I expect volume to be high on THCB tomorrow (Friday Sept. 7th) and a strong day in the stock as momentum and possibly news fuel a bull run here before the weekend!!!
Congrats to those that grabbed any around support on the last alert ;-)
Your gains have been up to 100%
RFMK is now presenting us with another "buying the dip" opportunity. Support has moved up to the new Fibonacci pivot point which is also the 100ma at .0021.
PPS of RFMK has found resistance on the 200ma at .0029 and depending on the trading we could see support tested again in the .0015 area but most likely buyers step up in the .002 range as the 200ma gets chipped away.
This is the way I see it, please do your own DD if you haven't already on RFMK and again congratulations to those that were active on the last alert!!!
We still like RFMK for a bigger move in the future and still believe that holding a core position through consolidation may prove a wise investment
Price broke the neckline last Friday and has consolidated very nicely above it and the 50ma. I waited to alert so as to confirm a breakout on TAT and am confident in an upward push.
For a petroleum play some might find this a little to risky if you look at what oil is doing as of late, but a bullish chart in a downed market can be a good testimant to the Co.'s strength. TAT should be a nice short term play off this H&S bottom and could turn into a real nice long term play as well!
OCTI has seen a recent spike in volume after a break of it's long term downtrend to begin the month of May. The original downtrend break showed tested support at .008 and is now testing the 200ma at .013 as resistance and we are looking for a pullback opportunity in the .01 - .008 area for what could see a gain to .017 - .025 pretty easily, in our opinion.
Long term potential (PPS well above .025) is definitely here, we encourage everybody to do their own DD.
"On May 22, 2012 IC Places, Inc. (“the Company” or “Buyer”) entered into a letter of intent with Punch Television Network (“Punch”, “Seller”). Buyer would acquire substantially all of the assets, tangible and intangible, owned by Seller that are used in, or necessary for the conduct of, its Television Network business, including, without limitation: (i) the Station Licenses, subject to any obligations contained in disclosed license agreements and all related intellectual property; (ii) the fixed assets of Seller; (iii) any and all customer lists; and (iv) the goodwill associated therewith, all free and clear of any security interests, mortgages or other encumbrances. The aggregate consideration for the assets and business to be purchased would be a set amount of IC Places Common Stock, to be determined based on valuations of the assets acquired."
This seems to be what investors were waiting on through this consolidation period. If you look into Punch Television Network one can easily see the reason for the excitement this LOI brought.
FROI is starting to see more volume off the bottom of it's trading channel.
Remember, the point of my alerts is to get in early, first brought it up May 10th and the chart is holding the pattern perfectly. The indicators and volume are gaining strength while price is finding resistance at the 200ma. Once that breaks we should see a breakout from the channel to begin what we believe will be the start of a long term bullish trend.
Lots of good things happening with FROI, if you haven't done your dd since the first alert then here is a little more!!!
MRIB has had an awesome amount of volume during this bottom formation and we feel the next leg could be starting here to test the recent high of .0018 set Feb. 29 - With higher lows being set we believe time is near for a higher high to be tried.
MRIB is trading very thin right now as well, just over 5mil. shares was able to move the price up 75%!!!
HPCS has been consolidating very nicely since the original alert and that is perfect, as you know we like to give time for people to research and make their trading decisions.
The price has bounced around from .015 to .0096 and closed Thursday at .012, once volume picks back up we should see a nice price increase as we obviously expect!
Also note on the daily chart that the price has been staying above support and the 20ma through this last week of consolidation, holding the 50ma as it's resistance. Another nice occurrence on the chart is the fact that the bollinger bands are starting to separate as price is in a bullish (above 20ma) consolidation.
We look forward to this coming week as many traders are making their way back to their computers after the spring break, that means more money should be coming into the markets and a lot of charts are ready to move. We are ready to find them and share with our subscribers some BIG GAINS!!!
We are starting to see some very bullish action in AFPW!!! The chart closed at the high of the day on Thursday at .0016 which is a resistance on the chart. The possibility for a pullback has presented itself with the close combined with the CCI being overbought. There is some major news in the pipeline that could propel AFPW over .002 with ease. We believe a new base will be established right around the 200ma currently at .0023 with short term highs reaching .003.
HPCS has shown that it has the potential for big gains as witnessed march 5th. Now the chart is showing more strength in the indicators and also a possible uptrend starting with the higher lows and higher highs being put in on the PPS.
HPCS broke the .01 mental resistance on thursday to close above the 20ma and finished the week with a Psar flip to a bullish position and buy signal on Friday.
The daily chart on HPCS shows an upper resistance of .025 but the weekly has it closer to .03 so there is a bit of a range there should price continue upward, which we beleive it will.
The chart on HPCS is showing alot of strength here on this bottom and we are anticipating some very nice short term gains over and above the 62.5% the stock saw last week.
"the Company has reduced its operating expenses by 30.2%"
" the Company has increased its revenue by 369% compared to the twelve months ending January 31, 2011."
And this went unnoticed yesterday!!!
Thecharts still look awesome!!!NTROis on the cusp of a major breakout here and an increase of369%in revenue year over year is nothing to ignore!!!
Alright, so a lot of Co.'s are releasing financials and this could have been missed... These numbers CANNOT be overlooked for long!!!
We are HIGHLY BULLISH on NTRO and STILL See a BREAKOUT on the HORIZON!!!
Here is the report
Nitro Petroleum Incorporated (OTCBB:NTRO) -
Nitro Petroleum Inc. is pleased to announce that the Company's annual financials for the year end 1/31/2012 is now available for review. Financial conditions and results of operations: For the fiscal year ended January 31, 2012. The Company had revenue of $533,077 from the production of Oil and Gas, as compared to $144,112 for the fiscal year ended January 31, 2011. The twelve months ended January 31, 2012; the Company has increased its revenue by 369% compared to the twelve months ending January 31, 2011. Operational expenses for the twelve months ending January 31, 2012 was $531,323 resulting in a net loss for the period of $296,588. Operational expense for the twelve months ending January 31, 2011 was $761,483 resulting in a net loss for the period of $536,216. The twelve months ended January 31, 2012; the Company has reduced its operating expenses by 30.2%. We are currently having the Company's oil and gas reserves evaluated and we will announce the results soon. This is a very exciting time for Nitro Petroleum Inc., as we believe this year the Company will be in a positive cash flow status, and in addition the company has three additional re-completion opportunities and a drilling prospect that it is to start this year. Thanks you for your continued support. About Nitro Petroleum: Nitro Petroleum Incorporated is an independent, energy company engaged in the acquisition, exploitation and development of oil and natural gas properties in the United States and Canada. Nitro's objective is to seek out and develop opportunities in the oil and natural gas sectors that represent a low risk opportunity. As well, Nitro aims to define larger projects that can be developed with Joint Venture partners. More information about the Company is available at www.nitropetroleuminc.com. Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. We do not intend to, and undertake no duty to, update any such forward looking statements to reflect the impact of circumstances or events that arise after the date such forward looking statements were made. Contacts:
NTRO (Nitro Petroleum) "The Company has two primary strategies: the continued development of joint venture properties in highly productive areas, and the redevelopment of mature fields through the innovative use of technology."
Not only are WE anticipating an impressive year end financial release but looking at the charts it gives us reason to believe that many others are as well!
Since the breakout of .009 Feb. 6th there has been a very nice increase in daily avg. volume! all technical indicators are looking great and a "golden cross" of the 50 and 200ma's occurred on Thursday March 8th. on the daily chart. Lots of technical support to help fuel what we suspect to be great news!
The weekly chart is showing incredible strength in the MFI, Full STO and Wm%R. The Macd on the weekly is also making it's move above the 0 line!!! Just another bullish sign longer term as well!!!
INTKhas been a monster!!! with gains since the original alert of over200%we are very impressed with the volume that came in leading up to and during the breakout!
With no news as of yet to fuel this awesome move it is thus far an impressive chart play and proof that TA is an incredibly valuable asset.
As we have mentioned in earlier posts, this bottom has been setting up for over a year and a half! we look forward to continued momentum and Price appreciation! Also can't help but think that someone knows something and we are in anticipation and speculation of news to be released in the near future!!!
If you are a new member to Charts by Originalnewt and missed INTK it wouldn't hurt to keep your eyes on it for a possible pullback and entry point!
If you don't like getting in when a run has already started then don't worry!! We always try to get in before the crowd!!! Our next stock pick could be out as early as tonight. We are currently looking at an oil and gas play that is set to release it's year end financials within the week!!!
Here is a monthly chart look at INTK and possible resistances going forward!!!
INTK showed some impressive action the day of the alert (Friday Feb. 17) with 25% gains and 4.5 mil. in vol. it closed at .03 with a high of .033 The first resistance we could see is at .038 - .04 This is our breakout point on the weekly chart which is up 39.5%.
If you are trading INTK congrats on the 25% gains so far! The gains we are finding here at Charts by Originalnewt are definitely nothing to sneeze at and we are expecting more from this play in the short term!! Both the weekly and daily charts are showing some very impressive strength right now and we are looking forward to this coming week with INTK.
ITKH sent out it's semi-annual report Feb. 14 and it looks very good, in our opinion! The company is impoving tremendously by reducing debt, making money and making more money year over year (link to S/A report - http://www.otcmarkets.com/financialReportViewer?symbol=ITKH&id=72494 ) Take a few minutes to read through this and you will see the value in ITKH that others right now are missing.
We feel confident in calling bottom here and that these consolidation/bottom prices won't last to much longer once the investing community gets their eyes and ears on this little gem called iTeknik Holding Corporation.
ITKHis currently flying below the radar and as you can see in the weekly chart, building some nice strength to move upward on!
INTK is starting to show signs of a real nice reversal here! Look for vol. to increase into next week and continued bullish price action. We are betting big that INTK is gonna be another winner for us here in the near future!!
We will take a look at the weekly chart over the weekend.
"BioSante, the original developer of Bio-T-Gel, estimates the market for male testosterone products is more than $1.2 billion in the U.S., where hypogonadism affects as many as 5 million men. BioSante, of Lincolnshire, Illinois, licensed the gel to Teva, the world’s largest generic-drug maker, and will receive milestone payments and royalties when the drug is commercialized."
But this is not all we expect from BPAXin the short term.The chart is showing some resistance in the $1.12 - $1.26 area but we feel the momentum is enough (after hours saw a close of $1.11) and with the strong base of which we are moving off BPAXcould see $1.50 (fib. 50% retrace) within the week. We do remind everyone to trade smart and take profits along the way;-)
Keep in mind that the FDA date is approaching, only 1 week away, Feb. 14.
"A subsidiary of Teva Pharmaceutical Industries Ltd. (NASDAQ:TEVA) is the licensee for Bio-T-Gel™ (testosterone gel) for the treatment of male hypogonadism or low testosterone levels. Bio-T-Gel™ was developed initially by BioSante, and then it was licensed to Teva for late stage clinical development. Teva is responsible for all Bio-T-Gel™ regulatory and marketing activities.
An NDA for Bio-T-Gel™ is pending with the FDA and has a PDUFA date of February 14, 2012. BioSante received $1.5 million upfront on signing the license agreement and will receive royalties upon commercialization. The current U.S. market for male testosterone products is over $1.2 billion"
60min. chart is a beauty! and notice the rising vol. through the day!!
BPAX is still looking good here in our books. We didn't have the quick move up like we were expecting from the earlier charts but BPAX is consolidating nicely here in the .60 - .70 range. (original post linkhttp://chartsbyoriginalnewt.blogspot.com/2012/01/bpax-068-short-term-play-on-chart-and.html) The daily chart has been trading above the 20ma for just over 2 weeks now and today (Jan. 31) we had the Psar flip below price. Two more bullish signs to go along with our upcoming FDA date (Feb. 14) for BPAX's Bio-T gel. Which is starting to show a lot of positive sentiments toward approval in the chat rooms and analyst write ups! I want to send a congrats to those that were patient with DHT as well :-) Possible 74% gains so far! We will be sending out an update on ITKH soon also, as we try to keep on top of our winning streak! Financials should be coming out in a couple of weeks. Happy trading and always trade responsibly ;-)