Hi all,Following dealer64's chart so called " simple" ( but...

Hi all,

Following dealer64's chart so called " simple" ( but really excellent chart), and as requested by one of our friends in this forum, here is another chart that belongs to this genre of "simple charts", but I hope which will be useful to some of us.

The purpose of this "simple chart" is to show how the price is performing with regards to volatility and volume - there is absolutely no prediction or forward looking attempt, what we are trying to do here is to compare current movements with past movements and try to get an understanding of its past behaviour, and gauge current behaviour with its past.

Ok, here is the chart of POH, cast in HA candlesticks to remove noise.

Observations
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Volume
1. There is the presence of an "Effort to Rise Bar" which is sighted either at the beginning of a MARKED UP PHASE of bullishness or at the end of a rally where smart traders try to push up prices to distribute to unwary traders. To know which applies, we can tie in the effort to rise bar with current developments that is now common knowledge and the capital raising efforts of which the institutional component was "oversubscribed" with the addition of a large number of institutions. With this information, we can form a reasonable deduction as to which explanation best fits the "effort to rise bar" that we see on last Friday.

2. You can also see that I have marked with arrows on the volume chart those places where volume increases accompanied an increase in price. Last week, we had this vol increase as well. On Friday, the volume was 136% ABOVE its 15 days weighted moving average.

VOLATILITY
1. I have marked two previous cases where we see the upper bollinger band of the price chart expanding largely indicating the increased volatility of the stock. This is marked number 1 on the chart at the relevant places. This expansion comes after the bollinger band has shrinked and constricted, before bursting forth in an expanded bollinger band, with large range bars indicated in light green. These range bars get larger and larger in range with the push up in prices. We can see that we are also at such a phase where we have sighted large range green bars as marked on the chart. To attribute a rough time period to the possible rally in place, we can look at the extent of the bollinger band's bulge or expansion, comparing to previous past cases.

SHORT TERM TRADERS
Using a technical trading system, the short term trading signals marked as green dots ( for entry) and red dots ( for exit) are shown on the chart. These signals are automatically generated by the technical trading system without human interference, and so provides a mechanical trading system record for those who are interested in swing trading short term this stock. Following the green dot which was sighted on 7th Oct, the short term swing trader will likely be looking for a short term exit in response to this entry signal when the next red dot is sighted. For long term investors, look below:)

BIOSHARE
POH being a bioshare is, imho, best traded long term to see the full impacts of its potential, when its projects move from incubation to trial to commercialisation, subject to normal tracking and monitoring. My previous long term charts will provide some guide ( or "entertainment" ) to those who trade for months to years.

Please note the disclaimer below my signature line.

Cheers, trade well, trade safe.

dascore