Can TA Predict ze Future? Algo Screened Bullish DivsOK. So these are purely automatically algo screened stocks. I've numbered them based on my personal pick for best performers out of this motley crew. I have done zero research into these stocks. So I will NOT be buying any. The only reason I'm posting this is for you to see my algo revision process. This is version alpha. Maybe not even that. Its a very rough draft.
BLPH
$BLPH: Rockefellers underwater before hitting a 'Home Run'NASDAQ:BLPH
Venrock Associates IV LP, The Insiders, acquired an additional 1,370,000 Million shares in September . True, price action has been negative, however, fundamentals matter and having a 'whale' as Venrock in the game makes sense for all of us.
So, playing tech Fibonacci retracement from the last low around 0.60 cents and sometime in the future to get my money back +100% an extremely conservative return when Venrock has in total 2,748,740 million shares.
Note:
The last 1,370,000 million shares are (14.40%), meanwhile, the 1st clusters are +40% overall.
What is Venrock? (Source: Wikipedia)
Venrock, a compound of "Venture" and "Rockefeller", is a venture capital firm formed in 1969 to build upon the successful investing activities of the Rockefeller family that began in the late 1930s. It has offices in Palo Alto, California; New York City; and Boston, Massachusetts.
BLPH GOING TO TEST THE UPPER TRENDLINE?BLPH is in a strong downtrend, bouncing between 2 main downward trendlines. Bullish divergence on 4h chart and potential breakout of the low degree channel. Look to the price action for a potential wave up to test the upper trendline. A strong breakdown on the smaller channel invalidates this setup.