Hi folks,
As promised I am posting a WEEKLY CHART - candlestick style... with some of my views. It does not mean I am right or wrong, only my view on this weekly chart.
NOTE: I have cropped the chart so to obtain a better resolution when posting it. that's the reason for the scribbles describing some of the measures.
Observations on this chart are:
1
- RSI(Relative Strength Index) - momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. Traditionally, and according to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
** We are still below 70, in a gradual rise which is ideal for higher prices. Compare the earlier Oct 2015 that ran almost to parabolic levels....
2
MACD(Moving Average Convergence/Divergence oscillator) - one of the simplest and most effective momentum indicators available. The MACD turns two trend-following indicators,
moving averages, into a momentum oscillator by subtracting the longer moving average from the shorter moving average. As a result, the MACD offers the best of both worlds:
trend following and momentum. The MACD fluctuates above and below the zero line as the moving averages converge, cross and diverge. Traders can look for signal line crossovers, center line crossovers and divergences to generate signals.
** We have a line crossing over April week commencing Monday 11th(2016), which coincides with that large green candle.
It's also in a gradual rise which is bullish and ideal for higher levels.
3
The top main chart: A "possible" CUP & HANDLE formation.(As its name implies, there are two parts to the pattern:
the cup and the handle. The cup forms after an advance and looks like a bowl or
rounding bottom. As the cup is completed, a trading range develops on the right hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance.)
** IF... this is correct and does align within the formation, it can be extremely bullish and propel prices to levels much higher with a powerful breakout...
Duration: The cup can extend from 1 to 6 months, sometimes longer on weekly charts. The handle can be from 1 week to many weeks and ideally completes within 1-4 weeks.
Volume: There should be a substantial increase in volume on the breakout above the handle's resistance.
Target: The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup.... On rough calculations....from bottom of 0.024 and peak of 0.056-0.062, we could be looking to a catapult in between 0.088-0.10 cents..... in 1-3 weeks.
***Obviously charts are not 100% right.... I do believe in 50% proximity and a help to future moves.... The difficult I find especially after say, year 2000, when it became more and more evident the manipulation on markets and stocks that if is very hard to try predict movements on any index, stock or commodity... we are living in a corrupt and manipulated economic world and we are have only 5% of lead of what the "biggies" are to transfer their wealth to....(my opinion only).
Fortunately, every bank, financial institution, private trading companies, amateurs, and so on... use charts to trade and invest... and the "big weight" traders/investors are aware of the possible consequences of changing the charting behavior by buying and/or selling it...
I do hope the "ALGOS/forces" that have been hovering and churning the stock lately, are following a "MAPPING PATH", charting it in a way(Daily, Weekly or Monthly) that will still, not affect the POSITIVE and INTERESTING developments that XPED is taking..... There are so much potential here in terms of INNOVATION and TECHNOLOGY.....it's AUSSIE and it's taking the world by storm..... just look at TELINK... a major... taking interest in the tech gig....
Interesting times ahead... and interesting story unfolding...... I see more "tree shaking", more dilution of the stock, more manipulation of prices, more rapid-short runs.... until the REAL RUN.... that will propel this stock to TEEN levels at easy and bring interest to large instos and investors.
Quick note: Where are the articles(publicity) in the mainstream media about the XPED story? uphold or not an exciting event just yet? Interestingly, I could find an article at "The Australian" dated 2015 with the potential of XPED and the IOT scene.... so... where is the press now? hand tight for the "instos/biggies to continue ACCUMULATING before the RE-RATE?
Wondering about the next semiconductor or contract news ahead..... looking at the WEEKLY CHART, this stock is in a uptrend... and in YELLOW is a imaginary candle that could be coming up with the next 5 trading days.....
Have a great weekend all and keep it tight.... games will continue and so price fluctuations I'd say.
cheers
T10
