SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: FJV who wrote (55884)1/1/2020 11:46:44 PM
From: Doug R  Read Replies (2) of 79477
 
Thanks for the insight FJV. Very much appreciated.
Apparently the quickest dot connectors were among the warrant holders and others following ONCY developments closest...back in late October causing it to show up on our radar here.

There may be some quick profit takers among the warrant exercisers. With a bigger float now, it may not be so volatile going forward...unless there's a heap of quick profit takers.

According to one of my chart patterns, which has no value judgement based on perception of the story behind the company, there's now about a 10% probability that ONCY will return to its former all-time high.
There's still quite a bit of proving out to do that very most likely will last at least 18 months.
During the proving out period, the next requirement (as the perceptions of others translates to stock valuation) is for price to see a monthly high at some point in the next several (more or less) months above $8.20.
From that point, probability goes to 35%.

$8.20 or higher will create something on the chart that around here we call a potential MIM peak.
After that peak, there's a wait and see period which involves price consolidation over another several (more or less) months. The MIM is created by the higher risk tolerant and/or more knowledgable.
The waiting period ends when actual company performance is more widely seen (usually via news of that "breakthrough" the MIM builders were hoping for is "something" after all) and demand can properly outwiegh supply.
The chart activity that pinpoints that moment is seen in the pattern at least several days in advance.

Months and months to go though for any potentially real show to begin. (if all else in the world remains equal during the time).
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News