EWZuber
1,373 posts
msg #31185
- Ignore EWZuber |
2/23/2004 8:41:25 PM
Every one of these stocks raised up to test resistance at their Trendlines and bounced down confirming the TL as resistance. So no entry has been offered.
NAVR broke TL Resistance temporarily but did not confirm it with a stochastic fast line cross above the slow line on the hourly chart. So there was no entry here either.
XYBR moved higher a bit but I had to deal with domestic situations this morning and returned to find that it had cratered late in the session. Fortunately I took the smallest test position so it's down only -$12.80.
Notice how .COMP has tanked after TL Support was violated on the daily chart.
.COMP bounced up off the 100 DMA today @ 2,000.
Below that we have the 25 WK.MA. @ ~ 1,956.
Since the NASDAQ is oversold on hourly charts and trying to start some accumulation I suspect we will see an intraday oversold bounce very soon, possibly tomorrow, to test resistance at the hourly chart TL or the 15 HR.MA.
Caution is in order, I suspect, and it seems a good policy to close any position on a break of TL Support in whatever charting time frame the trade was entered.
In other words, if the trade was entered on a break of TL Res. on the 5 min. chart then that is the charting time frame where the supporting TL needs to be drawn and watched for a break ( a sell signal ). I have found this will keep positions out of trouble with the exception of gaps down at the open.
JMHO
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wallman
299 posts
msg #31186
- Ignore wallman |
2/23/2004 9:17:08 PM
ZUB, LWSN i've seen in the past as not that big a mover even on really good market days,NAVR to almost the same extent but i agree with you here,it does look real nice ,so i'll watch,SUNW i've always liked when oversold and really like here,CHTR oh yeah too,i'm really liking SVVS,like i said about AIRN a few weeks ago,one more bad day for it or red open for that matter and it's ready,i feel the same about TGAL and EMRG also....regards,Muddy
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EWZuber
1,373 posts
msg #31188
- Ignore EWZuber |
2/24/2004 3:02:49 PM
wallman
Take a look at NAVR today. Overall it has held up very well throughout this market sell off and today it broke TL Resistance and took off.
TMTA broke a 12 day TL Res. and took off too.
ASX has TL Support at $5.15 and is just about there. A big buyer at $5.22 has been holding it there for several hours today.
STEC tested a 1 Year TL. Support today and I suspect it may be forming a Morning Star Doji pattern on daily charts. It is extremely oversold on Weekly charts as i suspect many tech stocks are now.
I've got AIRN on a watch list and I'll check out the others you mentioned after the bell.
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wallman
299 posts
msg #31191
- Ignore wallman |
2/24/2004 6:38:20 PM
ZUB ,another nice call on your part,NAVR did go fine,....no need to comment or even chart these but in case any of these have been on your watch these are the few that did close up today on my watch after another bad market day, TMTA FNSR NNPP BKYI CRUS ROXI MCLD FIBR TQNT,if we can get a market bounce these stocks could have some nice run in them seeing that most bottom fish stocks the last few days have been hit hard and these held well today,regards, Muddy
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EWZuber
1,373 posts
msg #31192
- Ignore EWZuber |
2/25/2004 12:45:42 AM
wallman
I've also got CRUS & FNSR on watch.
Bought a small position in FMDAY today @ $0.91 near the end of the session as it broke TL Res. This has been a hot one. It is looking pretty good, buying volume on the hourly chart is very good. I would really like to see it break and close above $0.95 tomorrow. Weekly chart stochastics are in distribution so I'm not expecting a lot from it just a quick in and then out on a break of TL support on hourly chart.
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EWZuber
1,373 posts
msg #31212
- Ignore EWZuber |
2/26/2004 11:33:07 AM
Sold FMDAY @ $1.02 for +12%.
Looking at EMRG, waiting to see if it can break TL Resistance.
Still keeping an eye on FMDAY also for a reentry.
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EWZuber
1,373 posts
msg #31213
- Ignore EWZuber |
2/26/2004 12:10:51 PM
EMRG just broke out on the 5 min. and 30 Min. charts @ $2.16. Couldn't get a fill anywhere near there so ended up picking some up at $2.19.
The 15HR.MA has flattened out @ $2.19 so there should be support here.
The 25 HR.MA @ $2.23 may act as resistance for a while since it is still in a downtrend.
JMHO
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rn/trader
2 posts
msg #31228
- Ignore rn/trader |
2/27/2004 9:58:42 PM
IPVO at .74 or less if you can on a combination of bolies, flag, volume has dried up, great news, good for a pop to $1 next week if past is any indication. Could possibly touch 50ema but looks like it already tried and failed. Made 60% profit on last run up from .47.
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EWZuber
1,373 posts
msg #31231
- Ignore EWZuber |
2/28/2004 4:12:23 PM
rn/trader
IPVO looks a bit overbought but is showing some indications that it may move higher from here, IMO. I have a suspicion that it will drop to test the 15 WK.MA though at about $0.58 ( & rising ) first. Trendline support is down there too at $0.56 ( & rising ).
Being an OTCBB I won't trade it and my broker doesn't allow it being an ECN.
Nice work on a 60% trade. Congrats.
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muddytraks
40 posts
msg #31233
- Ignore muddytraks |
2/28/2004 6:13:07 PM
Watch BICO Monday ready to run
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