EWZuber
1,373 posts
msg #31434
- Ignore EWZuber |
3/17/2004 2:21:54 PM
INNO has worked out very well and is currently going through a distribution phase on Hourly charts after a nice run up today.
Looks like something may be happening on CCUR. There was a huge volume spike at $3.29 ~ $3.30. The selling was intense but buyers kept a big bid time after time, holding the price steady. CCUR is also in distribution on the hourly chart. Waiting for a decent buy signal. A break above TL Resistance at about $3.35 ( & falling ) while oversold on the hourly chart would be ideal, IMO.
EMRG also getting set up for another move. It is testing the 15 HR.MA @ $2.02 as support and is mildly oversold on the Hourly chart and oversold on the 30 min. chart which seems to be serving as an important time frame with this one. Selling volume has dropped dramatically. This has been an excellent trading stock lately.
All JMHO
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EWZuber
1,373 posts
msg #31435
- Ignore EWZuber |
3/17/2004 2:53:56 PM
EAG Just broke TL Resistance on the hourly chart and Bid size is increasing. Looks like it may be ready to move. Need to see it break above $1.33 or more conservatively $1.34 while oversold on Hourly chart. JMHO
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wallman
299 posts
msg #31440
- Ignore wallman |
3/18/2004 12:37:21 AM
ZUB, any thoughts on MRKL,i'm in at 1.28 at the close Wed,and MDDM which i will be in if it holds green,both seem ready to bounce very soon
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EWZuber
1,373 posts
msg #31441
- Ignore EWZuber |
3/18/2004 5:09:09 AM
wallman
MRKL, looks interesting but was uncommitted at todays close. It came up against TL Resistance formed from the high at 10:00AM yesterday at $1.90. Within the last 10 minutes of the session it tested this TL and dropped just a tad.
Also it broke TL Support of a wedge pattern that has formed over the past 7 days on the hourly chart.
Normally I wouldn't put much weight to this break of the supporting TL in this particular pattern but with markets in a downtrend I like to see the break of TL Resistance first before comitting.
It's very tough for me to say which this will go tomorrow morning but I suspect it is going lower. In say this because the buying interest just hasn't been there and when I am undecided about a stocks direction the volume bars usually rule IMO. Yesterday the 50 DMA was confirmed as resistance and today the 25 DMA was confirmed as resistance.
If it manages to make a big run, I see resistance at the TL Resistance at $1.81 ( & falling ).
MDDM, This one is testing a Resistance Trendline also at the close. It is oversold on Hourly chart so odds favor a move higher but only to test resistance. It looks like it will drop tomorrow morning because it is testing TL Res. and is overbought on the 5 min. chart and also on the 30 Min chart there has been a recent -xover of stochastics. Right at the close it tested the 2 HR.MA on the 5 min. chart ( 50 period MA ) and bounced down.
I suspect by the time this Hourly chart stochastic accumulation phase is over the stock may rise to test a resistance level but I can't tell yet if that will be higher or lower than where it is now. What I really don't like about it is that it has broken the supporting TL on the Daily chart with a -xover stochastic confirmation. This typically indicates distribution phase is under way.
The big volume spike on 3/15 is not what it may appear to be. It was early buyers selling into strength.
JMHO
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EWZuber
1,373 posts
msg #31442
- Ignore EWZuber |
3/18/2004 5:14:45 AM
CCUR looks ready to move higher tomorrow morning. It closed the session breaking both TL Resistance and the 50 HR.MA.
JMHO
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txtrapper
548 posts
msg #31444
- Ignore txtrapper |
3/18/2004 10:02:06 AM
MRKL.....up $.07 at the open.....good call Muddy with or without TL Resistance.
TxTrapper
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travlr
80 posts
msg #31447
- Ignore travlr |
3/18/2004 12:29:46 PM
Regarding MRKL, and the Supporting TL break yesterday at 10:30…
Could this price spike(downward) be considered as a "shake-out"? When the big boys take out the near by protective stops in order to loosen up shares. If so, this then could be construed as an indication of potential institutional accumulation.
I usually see these during basing patterns prior to upside break-outs.
Thanks,
travlr
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EWZuber
1,373 posts
msg #31449
- Ignore EWZuber |
3/18/2004 2:44:03 PM
travlr
Yes. I have been seeing this often lately. It serves the same function as a handle on a cup w/handle pattern.
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EWZuber
1,373 posts
msg #31450
- Ignore EWZuber |
3/18/2004 2:44:51 PM
txtrapper
Give it a rest.
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wallman
299 posts
msg #31463
- Ignore wallman |
3/19/2004 9:29:29 AM
watching INGN ATSN NOOF CIEN CBTE CRIO HIET
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