RE:RE:RE:RE:RE:RE:sellinggreen
now now mustn't get into name calling it shows your class. laughing at something you don't understand doesn't say much about you either.
I'll tell you what will really happen. It will keep falling until enough people start to think it is a good value again and put in enough buy orders to reverse the plunge.
that's correct and there will be volume indicators to detail that. but the amatures will start buying when they think its cheap and the pros will wait for decision point like where people previously got out. the pros have the bucks to make the influencial reversal decision.
Nobody knows right now when that will happen, or if it is happening right now at $3.61. It is a collective decision made by all who are interested in investing in this stock. All of the price points where it changed direction in the past are totally meaningless.
this is stock analysis 101 - whilst no one knows the future at least when i happens a TAist can make an educated guess. better then nothing but gee that looks cheap.
None of the points where the price changed direction before have had anything to do with the current price of oil and gas, the current 'green' political climate, the subpar earnings just released, or the financing they recently did. Actual company specific events make people want to buy more or sell more. All this garbage about what came before is irrelevant.
see above.
TA should only be used to view industry sectors, and even then, must be viewed with a high level of skepticism. Even a sector application doesn't take current events into consideration. What happened before is basically irrelevant if anything meaningful has happened to the company since whatever inflection point you are claiming means anything.
TA can be used on mirco caps and I do that. however reversals are easily made. its horses for courses.
However, if you want to believe it will stop falling at $3.50, $3.20, or $2.715, and it gives you comfort to think it, then more power to you. Enjoy your feeling of security - at least until it blows through whatever level you think is appropriate. Maybe you have a theoretical TA price in mind for how high it should bounce to as well - irregardless of the companies future financials or the price of oil next week/month/year. Cling to that too if you wish.
TA offers sugestive ideas which is better then nothing, its used by the pros and trust me they are using it on TAG for sure. I might put an order in at 3.50 and see but i'll more likely watch for signals of a reversal.
you didn't mention what "method" you use? do you have a method? buy low and sell high? lol