port80

I was wondering if you folks could provide some insight with what is going on with this stock using VSA. CPHD. I am a newbie at this just starting to pour over master the markets so please forgive my ignorance. I originally found this stock using float analysis which I find iffy at best except in some cases where stocks are bottoming or topping and the float turnover is obvious to someone even like me. Sure enough this stock had a float turnover at the top and the bottom dropped out. Its reached a support level but I am confused as to what is going on. I feel like this stock is definitely being marked up or down by professionals. However it almost seems like there is a buyer/seller battle now going on. Any insight would be greatly appreciated. I'm unsure where this stock is going at this point. So I've exited most of my position at a profit but I still have some longer term puts open.

Thanks for the insight. Got a lot to learn. Missed the demand day. Don't know much about WRB's. But I'll look into them. I'm actually most interested in the latest 10 minute chart. Something is definitely happening. A shake out possibly?? I'm not worried about making any trades at the moment. I just think this is a great stock to learn something about VSA partly because of the low float. Thanks so much for your help.

I have nearly finished reading master the markets and I'm very intrigued. Here is a stock I was hoping folks could comment on. I am very new to this so please forgive my ignorance. KNDL is a stock that showed up on my float analysis. It has a float of about 12 mil. It has had some interesting activity that I was hoping I could get some help with. For the last few days it has been trading in a channel and yesterday as it approached a trend line there occurred what I thought was a failed test. But today I can see that the trend line was broken with sideways activity. So I could definitely use some help on interpreting this chart. I have to say that after reading this book it's like somebody open the blinds in a dark room and let the light in. I don't think I'll ever trade the same way again. The first chart is a 3 month daily chart with my interpretations (probably wrong). The second chart is a 10 min chart where the short term trading channel was broken. It's hard for me to tell whether accumulation or distribution is going on. Something definitely seems to be happening. Thanks, Alan