EWZuber
1,373 posts
msg #30523
- Ignore EWZuber |
1/8/2004 7:40:12 PM
SVNT was commented on as a pick on 1/6 near the end of the session. The stock closed at $4.87. On the 7th it closed at $4.80 and today closed at $4.82. Believe me I don't want to steal anyones thunder but that is a slight decline from the first session not a gain. Stochastics look like they are -crossing over. Not saying it can't go higher but it wouldn't buy it. So far it has pretty much gone sideways.
CTIC looks a little better up 1.8% over the close on the 6th but it too has basically gone sideways. Only two days into the pick so no big deal. It looks to me like someone may be trying to accumulate shares at a lower price to cash in on a possible break above the Res. TL. Looking at an hourly chart one can see that this is in a Consolidating Wedge Pattern that has formed over the past 4 days. The candlestick for the final hour of todays session bounced up off of TL support and the top bounced down off of TL. Resistance that forms the pattern. If this breaks TL Resistance @ $9.80 tomorrow it will likely take off. IMO, it needs to break out tomorrow or face the possibility of forming that Evening Star Doji on the Weekly chart. It could move higher with Hourly chart Stochastics slightly oversold.
What is driving this one is the Weekly chart stochastics that are in accumulation and Monthly chart stochastics just starting a new accumulation phase. IMO, this is why the stock has not declined with overbought stochastics on the Daily chart. JMHO
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EWZuber
1,373 posts
msg #30524
- Ignore EWZuber |
1/8/2004 7:43:34 PM
ECGI up 14% from the bounce up off of the 100 DMA @ $0.63.
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mika
131 posts
msg #30525
- Ignore mika |
1/8/2004 9:04:03 PM
Some picks off a nice filter :P
ViroLogic, Inc. (VLGC)
Inkine Pharmaceutical Company Inc. (INKP)
Cerus Corporation (CERS)
Endocare, Inc. (ENDO)
DigitalThink, Inc. (DTHK)
PhotoMedex, Inc. (PHMD)
eXegenics Inc. (EXEG)
Cheers,
mika.
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txtrapper
548 posts
msg #30526
- Ignore txtrapper |
1/8/2004 10:14:43 PM
EWZuber
CTIC & SVNT
Both stocks were up at the time I posted their prices, which was this morning at 10:55am Central. That was their prices at that time, let's assume a vigilant traded would have captured some of that gain.
CTIC is on a roll, riding the upper BB, not a time to sell, and SVNT, I probably would have sold about $4.88 when the indicators fell.
Tx
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EWZuber
1,373 posts
msg #30528
- Ignore EWZuber |
1/8/2004 10:50:22 PM
wallman
please see 'Just a Heads up' thread for a reply about the three picks you mentioned to me.
Thanks
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EWZuber
1,373 posts
msg #30529
- Ignore EWZuber |
1/8/2004 11:04:46 PM
txtrapper
Yes there were some gains to be made intraday, but this can be accomplished on picks that are less than premo.
Long term stochastics would put the odds in favor of longer term gains as things sit at the moment with CTIC.
We'll see if TL resistance is broken tomorrow. I suspect which ever way this wedge is broken will be a good indicator for near term future results.
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EWZuber
1,373 posts
msg #30532
- Ignore EWZuber |
1/9/2004 1:00:27 AM
HBY
This one looks very interesting, IMO.
This stock has had 2 technical runs, both have coincided with weekly stochastic cycles.
Trendline resistance that has been formed from previous runs has set resistance for this next run at about $1.50. Thats A 50% gain.
This stock is sitting on two seperate forms of support.
The 200 DMA and also a 10 month Trendline support.
Todays volume looks like capitulation.
I really like this set up.
I'll wait for a break of Trendline Resistance on the hourly chart for an entry.
JMHO
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txtrapper
548 posts
msg #30534
- Ignore txtrapper |
1/9/2004 9:34:03 AM
Zuber
Breakout of upper L/R 100% line
Set up a 20d/60m chart on Prophet.net with L/R 100%. Watch some of your favorite picks react to the upper L/R line. Many hit this line and stall or fall back (headfakes), it seems this is a first battle they have to win to continue upward.
Good Trading,
TxTrapper
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txtrapper
548 posts
msg #30535
- Ignore txtrapper |
1/9/2004 9:56:19 AM
All members;
Take a look @ ALGXQ with the setup described in my previous post.
A good description of what I am talking about. Will the stock penetrate the upper L/R line? Your guess is as good as mine, but I'm am sitting on 6,000 shares and hope it does, I got in @ $.03 a few days ago.
TxTrapper
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EWZuber
1,373 posts
msg #30536
- Ignore EWZuber |
1/9/2004 11:26:43 AM
ECGI forming a prominent Dragonfly Doji on Weekly chart. Considering the stochastic alignment between Daily & Weekly charts this could turn into a Morning Star Doji pattern on the Weekly chart. JMHO
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