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Don't Let yourself be fooledJust take a look at a 1 and 2 year candlestick chart, set at weekly intervals using 20, 50 and 100 Day Simple Moving Averages. Long term chart clearly shows the 20 stabilizing for the past 3 weeks, no longer falling also note that the 50 is setting up to cross above the 100 = Bullish. The Simple Moving Average vs the Exponential Moving Average. The main take away is SMA gives less false signals as compared to EMA. The EMA will show break outs and turns more quickly than SMA, because the EMA latter values carry more weight than earlier values. The EMA is used by traders as compared to investors. The SMA is more often used by investors, yes it is a bit lagging as compared to the EMA. However the SMA gives less false signals. Pay attention to the shorter term SMA's (50) crossing over the longer term SMA (100). On the 1 year daily SMA the 50 crossed the 100 last week as suggested a while back that they were approaching a cross over. The 20 crossed the 100 about the 3rd week of November. 1 year weekly EMA shows 20 EMA turning up. Where the 50 and 100 are stable. I suspect INSM will have another drop in short interest next report date. Note that short interest has been slowly declining since 9/30/19. The slow steady drop in short interest should help make it clear how tightly the trading of INSM is controlled. From 9/30/19 to 10/15/19 % drop in short interest = 0.76 % From 10/15/19 to 10/31/19 % drop in short interest = 5.77 % From 10/31/19 to 11/15/19 % drop in short interest = 2.29 % IMO shorts will do all they can to prevent any quick sharp sustainable upward move. Unless some very powerful news is released then a potential squeeze. News as in Front Line Acceptance, then IMO a powerful move will happen. |
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Msg # | Subject | Author | Recs | Date Posted |
48847 | Re: Don't Let yourself be fooled | surestockholmes11 | 0 | 12/9/2019 1:37:06 PM |