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TNY - Tinybeans Group

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tech/a said:
Coming back on low volume an opportunity to lock in profit then watch with a buy at $1.22 if it blasts through there.
My feeling is that its tested the $1.20 high and failed. so the smart ones are maximizing quick gains.
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Good call tech ….

As long as it trades above 88 cents in the short/medium term @verce will be looking ok ….

Under 88, especially on diminishing Volume will not be ideal!
 
verce said:
I will look at 88 as the danger zone then!
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I'm the last one to give trading advice....

88 is a pivotal point technically however … (short term)

My non-trading advice …….

Back your own judgement, but remain flexible in your assessment of that judgement if 'things change'

I don't hold … but the fact that the Co's Market Cap is tiny (pun included for free) …

… plus the market has seen a reason to push this exponentially tells me there is something worth watching here

Companies that give you 2, 4 or perhaps 10 baggers and have real substance … take time to "mature"

Very few 'straight lines' in longer term trading successes at the Spec end of the market
 
Of course, the fact that I want all the free booze when it hits $3 bucks and @verce is shouting has nothing to do with my enthusiasm
 
verce said:
I will look at 88 as the danger zone then!
Click to expand...

I think there may be some keen buyers lined up today, perhaps looking for a bargain?
So far 38 buyers lined up and only 23 sellers. Always nice to see more buyers than sellers. Already they are saying the price has risen by 4.17% even before trading starts, keen!

 

Thanks Ann!

I received a research report from KPG New York at 2:30AM this morning with a price target of $1.813 USD (or $2.56 AUD) on TNY.

"The leader in U.S. social media and social networking service company, Facebook, has never seen its clear leadership challenged, and its lead in profitability has been only widening over time. We believe an Interactive Media & Services marketplace with a family and parent focus will share a similar path, with TNY enjoying unchallenged leadership and disproportionate scale benefits."

"Even if we limit Tinybeans’ target market to the United States only, we see the ability for Tinybeans to reach at least 40 million users within the next ten years."

"On average, TNY gains one new member every 30 seconds. The statistics shows that Tinybeans is on a clear path to achieve its’ ambitions and become the market leader."
 
Reactions: Ann
11% spread on a 1$ stock
Volume ---where is it?
No Facebook this one!
 
I want to reiterate that Snapchat (Market Cap = 14 billion USD) launched in 2011 and started out with less traction than TNY. The only thing that worked for Snapchat was word of mouth and organic growth with hardly any marketing spend.

In 2012 Snapchat launched in Google Play Store for Android. This saw its user base grow to over 100,000 users (TNY at 3.2 million). It took a bit of time to get going but it eventually snowballed into the giant it is today.

Facebook was dominant at the time, but wise people observed that Snapchat was able to carve out its own niche and create a new social pipeline. Sound familiar?
 

there's a warning bell in the Twiggs 13week money flow suggests deep pockets have made their % and have already left the building and retail is buying a story and not statistics

typically when aggressive new highs are made with strong divergent 13 week money flows going negative retracements are substantial and long lasting ....just an observation, no intent
 
Will be interesting to see what the big money does next!
 
verce said:
Is this the end of Tinybeans?!
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verce said:
Not today!
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Goodness me verce! It was simply bargain hunters trying to scare the bears! Bulls won, up 9.38%.
Almost double the buyers to sellers waiting for tomorrow's games - 43 to 26. It is still sitting under that important $1.15 support/resistance level. I will chart the action tomorrow for you.

PS, Congratulations for the April comp win too!
 
Joules MM1 said:
typically when aggressive new highs are made with strong divergent 13 week money flows going negative retracements are substantial and long lasting ....just an observation, no intent
Click to expand...

Looking at the chart with the 13 week money flow switched on and noticing the last candlestick pattern of a doji (this denotes a time of indecision in the market, a weakening of the bulls) may mean a weakening in the price. This appears to be a general consensus from the chartists. Let's see what happens today. Added to that there was a big drop in the US markets overnight, so today may not be great for our market.

 
Ann said:
....a weakening in the price. This appears to be a general consensus from the chartists.
Click to expand...

Well speaking for one chartist, I am delighted to have been wrong today! After the bell at 4:10:57pm TNY did a jump and closed at $1.04 up 4% for the day.
 
doji's denote a balance, does not imply bulls have weakened, there maybe the same bid volume with more sellers taking opportunity to bank coin or theyre simply too weak to hang on in fear of missing out on the gain todate...once those players are rinsed out the resistance removed, price can keep ascending even tho the player moving price are not major trend makers
 

I am still working on these candlesticks since I started to think short term. I prefer to use EOD for a long term chart.

So I check the definitions before I speak....

From an auction theory perspective, doji represent indecision on the side of both buyers and sellers. Everyone is equally matched, so the price goes nowhere; buyers and sellers are in a standoff. Some analysts interpret this as a sign of reversal.
Example of How to Use a Doji

The following chart shows a gravestone doji in Cyanotech Corp.'s stock from February, 2018 following a significant high volume uptrend, which could indicate a bearish reversal over the near-term following the breakout. Ref.

 
....and then there is this...

Doji

Long-legged doji candles are deemed to be most significant when they occur during a strong uptrend or downtrend. The long-legged doji suggests that the forces of supply and demand are nearing equilibrium and that a trend reversal may occur. This is because equilibrium or indecision means that the price is no longer pushing in the direction it once was. Sentiment may be changing.Ref.

I looked at candlesticks about 15 years ago on another charting forum and eventually came to the conclusion they were not particularly helpful as so many patterns had to have a 'confirmation' the following day and this seemed like nuts. Keep waiting for the following day confirmation long enough and you have a month's worth of chart movement!
 
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