EWZuber
1,373 posts
msg #31052
- Ignore EWZuber |
2/12/2004 5:21:29 PM
HEC didn't break short term trendline resistance. So no entry today.
APRS broke TL Resistance just after the open this morning at 10:45 @ $5.32.
It was a good daytrade set up with the sell signal at the break of TL Support @ $5.59 for +5%.
Bought some HBY @ $1.26 as it broke short term TL Resistance this morning.
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EWZuber
1,373 posts
msg #31070
- Ignore EWZuber |
2/13/2004 2:28:19 PM
Looks like NASDAQ is headed down to retest the 15 Week MA. as support. Comments by Snow today tanked the market. Many Stocks and some Indexes had broken above resistance earlier.
NAVR moving into position to make another move soon. Could drop to retest the 4 Month TL Support @ $6.30 but most recent support has been at $6.36. Market conditions will likely have an effect on the cycle low.
JMHO
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EWZuber
1,373 posts
msg #31071
- Ignore EWZuber |
2/13/2004 2:32:35 PM
Looks like EGHT & INAP are going to move up.
JMHO
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EWZuber
1,373 posts
msg #31073
- Ignore EWZuber |
2/13/2004 3:03:51 PM
INAP hit resistance with a huge ask. Its going to be busy for a while it seems.
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EWZuber
1,373 posts
msg #31075
- Ignore EWZuber |
2/13/2004 4:03:21 PM
NAVR feels like it wants to take off.
But thats JMHO
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jthehut
124 posts
msg #31077
- Ignore jthehut |
2/13/2004 4:31:09 PM
Out of extreme curiousity:
why NAVR poised to go up...what made you even notice this one? (or is this a stock you follow often...)
looks like it is in a distribution phase, BB are very narrow (could go up or down I guess) and volume has been consistently decreasing for the last 2 weeks (~8 trading sessions). Money flow WAY down last few weeks as well.
What are you seeing that would keep you watching this one???
~the hut
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jthehut
124 posts
msg #31078
- Ignore jthehut |
2/13/2004 4:32:53 PM
Oh I forgot, support at 6.17 and major resistance at 6.51
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EWZuber
1,373 posts
msg #31082
- Ignore EWZuber |
2/13/2004 9:38:36 PM
jthehut
I like the fact that NAVR is close to it's 15 Week MA, TL Support and is oversold on Weekly charts. The fast and slow lines are beginning to converge in that time period.
Of particular interest is the long term Supporting Trendline which is being tested as support. Carefully draw an accurate support line starting from the intraday low of 10/13/03.I am looking for an explosive move up off of this support.
All this is happening as the stock is consolidating into a narrow wedge pattern. It doesn'tmake much difference which way it goes as the wedge breaks, it just changes the timing, IMO.
Its this convergence of events.
I also like the fundamentals which look like there is plenty of room for PPS growth.
If you look at the periods around Aug. and Oct.of 2003 you will see a situation where many of the same characteristics existed.
Volume had dropped to mid to low double digits. Thw Weekly chart was showing a stochastic line convergence. Every time the stock tested the 15 Week MA it bounced higher.
One thing we will not have is the benefit of is a rising Monthly chart Stochastics. So the move may be a good one but not as sustained as the last big cycle.
I like to plan these things in advance when possible.
JMHO
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EWZuber
1,373 posts
msg #31097
- Ignore EWZuber |
2/15/2004 6:22:14 AM
Think I found some good ones this weekend.
STEC... good fundamentals and oversold on Monthly, Weekly, & daily chart. I really like this one. Selling volume has dropped considerably. Just waiting for a break of TL Res. & stochastic confirmation on Hourly chart.
ASX...Really like this one too. Fundamentals are excellent. Excellent growth projected and EPS estimates have been increased 3 times in the past 3 months. PEG only 0.69.
Technically, it looks like it may try to bounce up off the 25 DMA. I am thinking it may drop to test long term Trendline Support around $5.05 ( & rising ). Either will do.
JMHO
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EWZuber
1,373 posts
msg #31115
- Ignore EWZuber |
2/17/2004 4:41:37 PM
ASX did fairly well today but because of the gap up and the fact that it was all over the chart I didn't get involved.
Bought STEC @ $5.17 just before the close. This doesn't conform to my trading discipline perfectly but close. There just wasn't much selling volume dispite the fact that the stock had dropped just after the open. A rising wedge on the 5 minute chart looked fairly bullish and the stock attempted to break Trendline Resistance on the Hourly chart several times on low volume. That caught my eye. Bought it just after a break of Short Term TL. Res. on the 5 minute chart which was just below Longer term TL Res. on the Hourly chart. Within one minute TL Res. on the Hourly chart was broken on heavy volume.
This one looks like it has a long term uptrend ahead of it. So going to try and stick with it for a while.
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