STOCK GOODIES PLAYS OF THE WEEK

[Captain Ahab]

~ SUTI ~ Just wanted to highlight a few observations I've noticed based on the chart alone.

Impulse Wave 1
The Accumulation Stage
"Wave One" is the Wave right after a prolonged downtrend. This stock has been going down, but now it is starting to trade sideways , forming a base. The sellers who once had the upper hand, are now beginning to lose their power, because the buyers are starting to get more aggressive. The stock just drifts sideways without a clear trend. Everyone hates this stock! This is the time to be Loading the Boat !!

Here is a chart of SUTI ~ What I see seems to be the same as the Elliott Wave principle described. SUTI was in a downtrend until reaching bottom. Traded sideways for awhile before the initial pop off no-bid. Then it pulled back, but has since regained strength and has pulled out of the downtrend with multiple closes at .0004



If I'm looking at this correctly, when SUTI found support at the .0002-3 range, that would have been an accumulation phase. Breaking out of that range seems to imply that now that it is beginning a

"break out" into "Impulse Wave 3", which begins the uptrend. This is where the majority of the money is made in the stock.

It's going to take a close above .0005 to confirm this on the chart, but it currently looks like its setting up quite nicely. If your on the sidelines considering SUTI, I'd strongly consider taking a position at this level.