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Look at all the Insider Selling going on at YHOO:
http://finance.yahoo.com/q/it?s=YHOO
That's why I only daytrade it...
Good Luck To ALL ;^)
Here's the YHOO Chart For Friday:
I called for weakness Friday and for it to go down to 33.75 and possibly to 33.50
It exceeded my expectaitions by hitting 33.75 in the first few minutes of the session, and by breaking below 33.50 at the end of the session.
After a huge move like this, it's hard to predict what early next week will bring at this time. The chart will have to set up a new pattern, and as soon as I recognize it, I'll let you all know.
I get the feeling that YHOO "could" form it's second low between 33.00-33.30 Monday and form a possible doji on the daily chart. This is usually where I would load up for a swing trade long. Then, if it breaks below Monday's intraday low, I would be bailing out...
The way it has been acting lately, I am very cautious about that play, as this pullback from the most recent highs around 38.00 is much more severe than "usual", and could continue...
Next week, I plan to concentrate on RBAK and LVS, as they are both poised for huge breakouts up...
If the Nasdaq shows weakness Monday a.m., I would be shorting YHOO at Friday's intraday low of 33.34
Good Luck To ALL ;^)
Week ending 29-Jul-05 : Weekly Recap-
"The S&P 500 index posted its fourth straight weekly increase. There are good reasons for the trend. This week, the earnings reports were good. The economic numbers were excellent.
About 30% of the S&P 500 companies reported second quarter earnings this week. The total number of companies having reported is now about 70%. Overall, the numbers are impressive.
Almost 70% of companies have reported earnings above the average Wall Street forecast. That is above the historical average of about 62%. The aggregate earnings increase is also exceeding expectations. The forecast just before the reports starting coming out was for operating earnings for the S&P 500 companies in aggregate to post a 7.5% increase in earnings from the second quarter of last year. Earnings growth now looks like it will exceed 10% based on the reports so far.
This past week, strong earnings numbers were reported by a wide range of companies in a broad range of sectors. These included Ashland, Bell South, Texas Instruments, International Paper, Lockheed Martin, Boeing, Sprint FON, McKesson, Pulte Homes, Bristol-Myers, Exxon Mobil, Marathon Oil, Northrop Grumman, among many others. Noteworthy disappointments were DuPont and Dow Chemical.
There were some strong sector moves this past week, but nothing that impacted the overall market. The top performing sectors were tire & rubber, wireless services, and construction and engineering.
Poorly performing sectors included home electronics, computer storage companies, thrift banks, and home furnishings. Here as well, there was no strong trend that impacted the overall market. The sector stories this week were far less significant than the story coming from the economic releases.
The economic numbers were impressive. Not only is the economy holding up, it is picking up. Virtually every sector of the economy is showing renewed momentum. High oil prices have had little apparent effect.
The numbers this past week included record levels for June existing home sales and for June new home sales. June durables goods new orders were up a much stronger than expected 1.4%. This followed an upwardly revised 6.4% gain in May. Initial claims for unemployment stayed at very low levels, and the Chicago PMI index, measuring manufacturing activity for July, was a much higher than expected 63.5.
The most important number was the Friday release that showed second quarter real GDP grew at a 3.4% annual rate. This was a bit lower than the expected 3.5% gain, and down from 3.8% in the first quarter, but the breakdown of the numbers showed underlying strength.
The gain would have been 5.8% if not for a large swing in inventories. Inventories will fluctuate quarter-to-quarter, but eventually even out. The 5.8% gain in what is called final sales reflects the underlying strength in the economy. If inventories snap back in the third quarter, real GDP growth will probably be above 4%.
Every aspect of the economy is thus running strong. Consumer spending is above long-term trends, business investment is booming, the housing sector is red hot, industrial production is at record levels, and payroll growth is steady.
It is therefore not surprising that the economy continues to grow above the longer-term historical trend of 3.1%. Strong growth is highly likely to continue in the second half of the year. That realization is helping to boost expectations for earnings growth as well.
The yield on the 10-year note rose to 4.28% from 4.22% this past week, in large part because of strength in the economic data. Oil prices rose to $60.57 from $58.65. T
he stock market has been on a steady climb since late April. Strong economic growth and associated steady earnings growth are the main reasons behind the gains. Inflation and interest rates remain accommodative enough not to hamper the trend. The outlook remains moderately bullish."
Good Luck To ALL ;>)
Here's another GOOD ONE!...RBAK...
I've been posting on it here from time to time, and it just continues to 'amaze'...It has been on a TEAR for two months now...It could go up another .50 real soon...
Good Luck to ALL ;>)
Snap Hook...EPNY...wow!
Another nice inverse h&s...it has a little gap to fill up just ahead, and hardly any resistance ahead of it...nice pick!
Here's another GOOD ONE!...RBAK...I've been posting on it here from time to time, and it just continues to 'amaze'...
It has been on a TEAR for two months now...
It could go up another .50 real soon...
Good Luck to ALL ;>)
#board-4166
Here's another GOOD ONE!...RBAK...
It has been on a TEAR for two months now...
It could go up another .50 real soon...
Good Luck to ALL ;>)
EP--Thanks so much for the photos...
From the BIPH GET TOGETHER!!!
They were Great! Now I know what y'all look like...well, some of them anyway...
I wish I could've been there as well...I'm still "hangin' in there" as another BIPH LONG! Maybe I'll see you at the CPTC(minus the "Q") Shareholder's Meeting next year "if" things go WELL for them...I gotta admit EP, you are "DA MAN"...I love your board! You have taught me SO MUCH in such a short time I can't thank you enough...My trading has improved by leaps and bounds because of your insight and clear explanations of Charts...
I Wish YOU only the BEST of Luck...
And Good Luck To ALL ;>)
The One To Watch Next Week Closely Is:
LVS:
This chart setup could yield almost 3.00! And this one moves FAST!
It is one of the most perfect inverse head and shoulders I have seen in a long time...I haven't been this stoked about a chart in a long time...I had one eye on it earlier this week, but now that YHOO has done what I expected for now, I'm going to move on for a while and concentrate on THIS ONE! Expect more chart analysis on it...I'm ready to lock and load for a big swing...If there isn't way above average volume when it breaks above 40.48 expect a head-fake break-out that could be good for a daytrade short position...Overall, I think this one could ROCK!!! (EP--the last three days candlesticks=Bearish--yes?)
Good Luck To ALL ;>) #board-4166
The One To Watch Next Week Closely Is:
LVS:
This chart setup could yield almost 3.00!
It is one of the most perfect inverse head and shoulders I have seen in a long time...I haven't been this stoked about a chart in a long time...I had one eye on it earlier this week, but now that YHOO has done what I expected for now, I'm going to move on for a while and concentrate on THIS ONE! Expect more chart analysis on it...I'm ready to lock and load for a big swing...If there isn't way above average volume when it breaks above 40.48 expect a head-fake break-out that could be good for a daytrade short position...Overall, I think this one could ROCK!!!
Good Luck To ALL ;>) #board-4166
The One To Watch Next Week Closely Is:
LVS:
This chart setup could yield almost 3.00!
It is one of the most perfect inverse head and shoulders I have seen in a long time...I haven't been this stoked about a chart in a long time...I had one eye on it earlier this week, but now that YHOO has done what I expected for now, I'm going to move on for a while and concentrate on THIS ONE! Expect more chart analysis on it...I'm ready to lock and load for a big swing...If there isn't way above average volume when it breaks above 40.48 expect a head-fake break-out that could be good for a daytrade short position...Overall, I think this one could ROCK!!!
Good Luck To ALL ;>)
Wawh--I LOVE CHARTS--send me some more picks...
That's what this board is all about...I'm done trading for the week...had a great day Wednesday and today daytrading YHOO! I usually quit at lunch on Friday's...but I'll look over your picks and get their charts posted maybe tomorrow...
Have a Great Weekend...BTW the Enery Bill just passed 74-26, and goes to the President to be signed, which I'm sure he will...That's great news for my favorite LONG stock, which is in that sector...
Good Luck To ALL ;>)
The Wawh--re: EMKR...
Just exactly what is a "Wawh" anyway...
You've got a real beauty here...What a great looking chart...
The cup and handle breakout up on July 18 by far exceeded any projections I would have made for that run...the retracement from there was necessary, and looks like it "might" be over because of yesterdays doji candlestick...The moving averages are in great shape...the RSI is not too high and is turning up...The stochastics fast line has crossed up thru the slow line...I'd be looking for a MACD kiss, and then the rally can begin again, once it breaks above 5.20, but only if the volume increased dramatically at that moment...If it double-tops in the next few sessions, and breaks below 5.00 it should go down to about 4.75 or so...
I see a possible inverse head and shoulders forming that starts about July 26...the volume was good yesterday when it formed that big green candlestick...the yellow(20sma)needs to turn up here, and a close above the orange(50sma)would be bullish...Look for the RSI to bounce up off the 50 line, and the same with the stochastics, and both would be bullish...Look also for the MACD ema to cross up thru zero, and let the rally begin in earnest...Of course without increasing volume at this time, it's not going to happen...
I'll be keeping one eye on this one...Great Pick!
Good Luck To All ;>)
C'mon now y'all...you've got to admit...
I called this one "RIGHT ON THE MONEY!!!"
What's he gonna do next?...It's consolidating in a downtrend right now, so I see weakness, but I'll let you know when I figure it out...
Good Luck To ALL ;>)
The Wawh--You're Welcome, and...
To the Board...
Was that a long position, or a swingtrade?
I'll be posting when I think it has bottomed, and why, and where would be a good time to take another long position...It could come as early as next week...
Good Luck To YOU ;>)
I called that one right on the money...eom
The pullback this a.m. was to be expected...
After the run up from the low yesterday...too far, too fast...
Let's see if it can hold above 2.10 today, and if not "look out below"...It may be time to strap on the old hardhats again...
Good Luck To ALL ;>)
YHOO over the last 2days has formed...
A very clear head and shoulders chart pattern, which is bearish...It underperformed the Nasdaq all day yesterday, and when it breaks below Wednesday's intra-day low of 33.95 it should fall to at least 33.75 and possibly down to a bottom of 33.50...The futures are down this a.m. so this is almost a sure thing...I will be shorting soon after the open if I see what I'm looking for...
The analysts were not happy with what I would call a very good report this quarter, and are in part responsible for the recent decline, as it did not meet their expectations in it's Q2 report.
I am calling for weakness again today, and for it to go down to hopefully set it's second low on the daily chart.
Good Luck To ALL ;>)
liamy re: the Chart Patterns we talked about today...
I hope these links help you...
Head and Shoulders:
http://www.investopedia.com/terms/h/head-shoulders.asp
Ascending-Descending-and Symmetrical Triangles:
http://www.investopedia.com/articles/technical/03/091003.asp
Cup and Handle:
http://www.investopedia.com/terms/c/cupandhandle.asp
Double Top:
http://www.investopedia.com/terms/d/doubletop.asp
Double Bottom:
http://www.investopedia.com/terms/d/doublebottom.asp
Pennant:
http://www.investopedia.com/terms/p/pennant.asp
Wedge:
http://www.investopedia.com/terms/w/wedge.asp
Flag:
http://www.investopedia.com/terms/f/flag.asp
Other good sites to learn more:
http://www.chartpatterns.com
http://trader.snowseed.com/patterns.htm
I recommend using candlestick charts versus any other kind of chart. You can learn more about them here:
http://www.candlecharts.com/about-candles-basics.html
http://www.hotcandlestick.com/
http://www.charts.co.za/TA%20site.1.Candles.htm
http://www.stator-afm.com/candlestick.html
http://www.tradejuice.com/candlestick/japanese-candlestick-altavest.htm
Once you learn chart patterns, you are on your way to being a much more successful trader…
Good Luck To YOU ;>)
The gap has filled...eom
Here is YHOO over the last three days:
There were many perfect setups on this chart...
Monday's huge run up began at 12:45 and had most of the technical indicators say it was going to happen...
Tuesday was a bad day to daytrade until 1:40 and the huge run-up came as a surprise, as only one of my indicators said it was possible...The reason for the run up was because the Nasdaq rallied at that time. That's why I always have a Nasdaq chart next my 3 YHOO charts...
Wednesday was the perfect day to daytrade...there were many perfect set-ups that day, and you could've played it going up, and down...Since it ran so hard for the last two hours, it needs to pull-back early today, but the futures are up this morning, so it should be an interesting day...
Good Luck To ALL ;>)
Hi! liamy...and
To the Board! Thanks for turning me on to Skype internet telephony program...I really like it, and enjoyed our conversation today. Talking on the phone over the internet for free...What will they think of next?
I look forward to our trading session tomorrow, and really hope it is another good day to daytrade YHOO...I only wish you had been here for today's session, as it was pretty wild.
Good Luck To YOU :;>)
applej25--
see y'all at 2.26
'cause the gap is gonna fill...
Bo'
We could use some clarification here on this S-3...
http://sec.freeedgar.com/displayHTML.asp?ID=3809567
"This prospectus covers the resale by selling security holders of up to 25,268,761 shares of our common stock, $0.001 par value."
This looks like 25.3MM shares of DILUTION. At $.001
HUH? No comprende' senior'...What in laymans terms does this .001 number mean? In my book dilution has never been a good word, though we've survived it here before a few times before...
And this 3.34 you mention...
"CTC filed an amended S-3 registration statement, the one we are waiting for the SEC to approve so that we can convert the DBH if the price hits $3.34, or thereabouts."
What is this DHB all about? I've never heard of such a term...
This filing must have come out yesterday afternoon, as the short term charts broke down, and got unstable in the last hour. I knew it would pullback today, and now I know why...I looked for filings yesterday, but too early to see this one. I wish I had found it earlier...
CTC Research--Awesome! find on the CTC website...
http://www.compositetechcorp.com/testsumm.htm
Scanning thru those 45 test results really picked my spirits up this morning...It reminded me how big of a winner we really have here.
I wonder why "Installations Completed" is stuck in the middle of the list at (27)? I would've put it at the top or bottom...
I'm also surprised and stoked by the XCEL installation in Denver...I see that our little CTC just did a "David and Goliath" on the giant MMM!!! And where is that PR by the way? I wish they had put dates in the picture captions...I guess we'll get it when XCEL says we do...
And while it's interesting, and at times Fun to watch the pps on a short term basis, I'm now imagining years down the road, and to all the great news that is to come between now and then. I'm only 50 now, and when it's time to retire, I think I will be very happy because of an extremely lucky find I came across by accident a couple of years ago, and was wise enough to recognize it for what it was...
Good Luck To ALL ;>)
Power plants pushed to boiling point...
http://www.sp-china.com/news/200507260001.htm
"Emergency measures were taken to cut energy consumption yesterday as Beijing's power grids were again pushed close to capacity.
Power usage in the capital reached 10.27 million kilowatts yesterday after the record high of 10.58 million kilowatts on Wednesday.
With the city's power safety limit set at 10.60 million kilowatts, steps were taken to reduce consumption by 600,000 kilowatts and ensure safe operation of the grid.
According to requirements issued by the Beijing Municipal Commission of Development and Reform, giant energy consumers such as Beijing Shougang Group, the country's fourth largest steel manufacturer, cut its power consumption by 200,000 kilowatts yesterday.
In addition, more than 300 units, including large-scaled office buildings, shopping malls, factories, and governmental organizations, had to reduce their energy usage by 150,000 kilowatts between 11 am and 12 am, one of the peak consumption periods.
"According to emergency measures, those units were required to cut their energy consumption in some less important fields. The air conditioning would not have been affected," said Chen Tiecheng, an official from Beijing Municipal Commission of Development and Reform. The commission also required street lighting be switched off on one side of the roads to save energy.
"The residents' power consumption demands will still be met," Chen stressed.
With temperatures frequently topping 38 C since June, more units and families have been using their air conditioners, which accounts for one third of the capital's total energy consumption.
Over the same period last year, Beijing's energy consumption hit 9.5 million kilowatts, also breaking the record at that time.
Shanghai drama
In Shanghai, the city's power grid reached its highest level so far this year on July 5 at 16.6 million kilowatts, compared to a peak-time high of 15 million kilowatts last year. The daily peak-time load currently stands at around 14.7 million kilowatts.
"This is the limit of the load on our grid," a press officer with the Shanghai Electric Power Corporation told China Daily yesterday.
"The city's power-saving measures are very important to ensure the power grid is not over-loaded."
Shanghai is now working to save every watt of electricity to overcome the summer rush. The Shanghai municipal government has ordered major power-guzzling enterprises to rearrange their work shifts from July 10 to August 26 to ensure balanced electricity consumption.
It also ordered the city's stylish landscaping neon lights be shut off once daytime temperatures exceed 35 C, and required air-conditioned offices to keep their room temperatures no lower than 26 C.
Local residents are also encouraged to use energy-saving lights, electric fans instead of air conditioners, and washers with a time-setting function.
Shanghai has predicted a peak-time demand of 19,000 megawatts this summer.
But the Shanghai government has promised "only temporary electricity restriction, but no blackout," as all power-saving measures and contingency plans are in place.
It also guarantees that the energy demands of key enterprises and foreign-invested companies will be satisfied."
It sounds like China could really use some ACCC NOW!
GLTA,
BEIJING FACED WITH SUMMER POWER CRUNCH...
http://www.sp-china.com/news/200507250001.htm
"Beijing's power consumption amounted to a record high of 10.58 million kilowatts Wednesday for the first time this year, nearing the city's power safety limits, said an official with the municipal power company.
He predicted that the consumption is expected to rise to 10.75 million kilowatts Thursday.An emergency plan will be initiated for enterprises to take work rotations, which is expected to cut down the consumption by 350,000 kilowatts.
Beijing Vice Mayor Zhang Mao said that 10.60 million kilowatts is the ceiling for the municipality, above which the operation of the power grids would become unsteady.
With temperatures frequently topping 38 degrees Celsius since June, energy consumption has been pushed to new highs as more units and families turned on their air conditioners, which accounted for one third of the total energy consumption of Beijing.
More than 60,000 enterprises have taken breaks on rotations and arranged overhaul to avoid surging energy consumption, which resulted in cutting down 360,000 kilowatts of electricity consumption Wednesday.
Li Yifan, general manager of the Beijing Power Company, said his company would enhance inspection of enterprises to ensure that they implement the emergency power consumption plan.
His company has also called for all businesses to avoid the peak hour electricity consumption to ensure safe operation of the power grids."
HEY CHINA! YOU NEED TO BUY SOME ACCC,
GLTA,
Thanks Snap Hook and ljk...
I appreciate your help on this,
and thanks for the good review of my new board ljk...
Have a Great day y'all...
Thanks ljk...how did you go about...
finding that number? I looked all over the place and still can't remember how to find it...TIA
Snap Hook...
I just started a new board and can't remember how to find the board # for it. Can you please help me figure this out?
TIA
MFYS55--Here are the charts you requested...
BOOM:
I called for weakness at the bottom of post #71, sold all of my BOOM, and went on vacation for a couple of months. It's been consolidating nicely in an uptrend since the end of May. I haven't been following the news on this one recently. The chart could go either way at this point. I do see a good short entry around 37.50 I like the fact it did breakout to new highs on July 12, so I'd be back in above 42.50 as that little double-bottom it has just formed should yield up to 45.00 or so...
MFYS:
Is this stock really only 5 months old? It looks like it still wants to go down. Look for the moving averages to cross over up, and the possible macd and dmi+/dmi- crossover up when that happens. It is fairly oversold, but bottom fishing is not one of my favorite plays...
TOPT:
Not looking too good here...the volume has really diminished.
STN:
It looks like it needs a little pullback, and/or a consolidation in this area before the next leg up...I'd be looking for a macd kiss to enter, only if the volume increases at that time...
LVS:
The best chart of the five... moving averages look good, it brokeout to new highs recently, with very little resistance up to 45.00 Let it consolidate here for a while and buy the breakout of the most recent high if the volume is above average...Good Pick!
Have a Great day!
Good morning fellow daytraders...
To the board niz! Thanks for dropping by...
I'm getting off to a late start this a.m.
Look for my first trade in an hour or so...
Have a Great day!
MFYS55--Here are the charts you requested...
BOOM:
I called for weakness at the bottom of post #71, sold all of my BOOM, and went on vacation for a couple of months. It's been consolidating nicely in an uptrend since the end of May. I haven't been following the news on this one recently. The chart could go either way at this point. I do see a good short entry around 37.50 I like the fact it did breakout to new highs on July 12, so I'd be back in above 42.50 as that little double-bottom it has just formed should yield up to 45.00 or so...
MFYS:
Is this stock really only 5 months old? It looks like it still wants to go down. Look for the moving averages to cross over up, and the possible macd and dmi+/dmi- crossover up when that happens. It is fairly oversold, but bottom fishing is not one of my favorite plays...
TOPT:
Not looking too good here...the volume has really diminished.
STN:
It looks like it needs a little pullback, and/or a consolidation in this area before the next leg up...I'd be looking for a macd kiss to enter, only if the volume increases at that time...
LVS:
The best chart of the five... moving averages look good, it brokeout to new highs recently, with very little resistance up to 45.00 Let it consolidate here for a while and buy the breakout of the most recent high if the volume is above average...Good Pick!
Have a Great day!
MFYS55--Medify?
Can you give me the ticker symbol for Medify?
I've had a hard day, and am about to get some Z's.
I'll post some charts early in the a.m. before the open on this one and your other three picks.
And it's about time I took another look at BOOM. I did real well on it not long ago. It might be time for another go with it, I'll let you know.
Have a good night...
WELCOME TO DAYTRADING YAHOO!
I am known as "PowerPole" here on the IHUB Boards, and I will be your moderator.
Let's have some FUN daytrading YHOO and have discussions about other good stocks as well.
There are only a three rules I will enforece here:
1) No foul language will be tolerated. Any post that includes it will be immediatly deleted by me.
2) No personal attacks are allowed either. Posts that contain them towards any poster on this board will be deleted immediatly. Everyone has an opinion, and the right to express them. That is guaranteed by the First Ammendment. Thank God we live in America.
3) There are very few things that are too Off Topic for this board, but let's try to keep them to a minimum. The purpose of this board is to trade stocks more effectivly. Every once in a while I will put a good joke or cartoon out here if I think it's appropiate. Feel free to do so as well...
LET'S GET BUSY!
WELCOME! TO THE BOARD MFYS55...
There hasn't been much activity on this board for awhile.
It's nice to have a visitor again after such a long break.
I have been away from the market for a while, but now I'm back...
I'm kind of busy today daytrading Yahoo (YHOO), but now that someone else is here, I promise to do a complete chart analysis of BOOM later this evening.
If you have any other stocks you would like for me to include, just let me know.
GOOD LUCK TO YOU!
Those numbers look GREAT! to me...eom
Thanks Snap Hook...good article and...
A very interesting website...thanks for the link...
And have a good weekend!
GLTA ;>)
CPTCQ Chart Analysis:
ten day/hourly:
the last 5 sessions look very much like the last 4...a double top that doesn't break down, then consolidates for two days before the next leg up...in the last 5 days, the double top did breakdown by .03, and did NOT cause a panic selloff back to 2.66 and have to really test our nerves...it looks like stair-steps UP to me, the best bull signal I know, nice and slow...it closed today above the 15sma AND the 50sma...the rsi is low and poised for a breakout up...the adx and dmi's are neutral, and I'm looking for the dmi+ to cross up over the dmi- as Friday should be another up day, and who wants to be out over the weekend almost certain of ANOTHER PR Monday a.m. before the bell??? (which BTW is an excellent BK strategy) ...the stochastics are not overbought, but unfortunatly will be again when the pps tries to breakout into clear skies again at 3.18 and only HUGE volume will be able to push it up, and through ... the macd could do an almost perfect cross-over into positive territory...all in all, it's looking bullish to me...
one month/daily:
in the last 9 sessions, it has closed above the 200day-sma 5 of them...it looks like yesterday was the second low of a double bottom that when it breaks out at 3.18 should run up to 3.50 ...todays candlestick closed above the 200sma and looks like a hammer to me...the rsi can go higher...the dmi+ could start to go back up...the stochastics fast line just crossed up through the slow line and will reach 100 again when the pps is 3.17 ...no danger of the macd green line crossing down through the ema anytime soon...the volume was sucky today but should improve tomorrow as buyers come back in just in case of a PR Monday...do I think the gap will ever be filled back to 2.25? NO, and I never did because the recent 3 PR's justify this price...it's good it filled one out of the three...that was an expected 10% pullback after one heck of a run...
GO CTC!!! there you go golrusher...here's my big long cheer...whad'ya reckon it's worth?...2nd VP of "CHEERS!"?
GLTA ;>)
CPTCQ Chart Analysis:
ten day/hourly:
the last 5 sessions look very much like the last 4...a double top that doesn't break down, then consolidates for two days before the next leg up...in the last 5 days, the double top did breakdown by .03, and did NOT cause a panic selloff back to 2.66 and have to really test our nerves...it looks like stair-steps UP to me, the best bull signal I know, nice and slow...it closed today above the 15sma AND the 50sma...the rsi is low and poised for a breakout up...the adx and dmi's are neutral, and I'm looking for the dmi+ to cross up over the dmi- as Friday should be another up day, and who wants to be out over the weekend almost certain of ANOTHER PR Monday a.m. before the bell??? (which BTW is an excellent BK strategy) ...the stochastics are not overbought, but unfortunatly will be again when the pps tries to breakout into clear skies again at 3.18 and only HUGE volume will be able to push it up, and through ... the macd could do an almost perfect cross-over into positive territory...all in all, it's looking bullish to me...
one month/daily:
in the last 9 sessions, it has closed above the 200day-sma 5 of them...it looks like yesterday was the second low of a double bottom that when it breaks out at 3.18 should run up to 3.50 ...todays candlestick closed above the 200sma and looks like a hammer to me...the rsi can go higher...the dmi+ could start to go back up...the stochastics fast line just crossed up through the slow line and will reach 100 again when the pps is 3.17 ...no danger of the macd green line crossing down through the ema anytime soon...the volume was sucky today but should improve tomorrow as buyers come back in just in case of a PR Monday...do I think the gap will ever be filled back to 2.25? NO, and I never did because the recent 3 PR's justify this price...it's good it filled one out of the three...that was an expected 10% pullback after one heck of a run...
GO CTC!!! there you go golrusher...here's my big long cheer...whad'ya reckon it's worth?...2nd VP of "CHEERS!"?
GLTA ;>)
CPTCQ Chart Analysis:
ten day/hourly:
the last 5 sessions look very much like the last 4...a double top that doesn't break down, then consolidates for two days before the next leg up...in the last 5 days, the double top did breakdown by .03, and did NOT cause a panic selloff back to 2.66 and have to really test our nerves...it looks like stair-steps UP to me, the best bull signal I know, nice and slow...it closed today above the 15sma AND the 50sma...the rsi is low and poised for a breakout up...the adx and dmi's are neutral, and I'm looking for the dmi+ to cross up over the dmi- as Friday should be another up day, and who wants to be out over the weekend almost certain of ANOTHER PR Monday a.m. before the bell??? (which BTW is an excellent BK strategy) ...the stochastics are not overbought, but unfortunatly will be again when the pps tries to breakout into clear skies again at 3.18 and only HUGE volume will be able to push it up, and through ... the macd could do an almost perfect cross-over into positive territory...all in all, it's looking bullish to me...
one month/daily:
in the last 9 sessions, it has closed above the 200day-sma 5 of them...it looks like yesterday was the second low of a double bottom that when it breaks out at 3.18 should run up to 3.50 ...todays candlestick closed above the 200sma and looks like a hammer to me...the rsi can go higher...the dmi+ could start to go back up...the stochastics fast line just crossed up through the slow line and will reach 100 again when the pps is 3.17 ...no danger of the macd green line crossing down through the ema anytime soon...the volume was sucky today but should improve tomorrow as buyers come back in just in case of a PR Monday...do I think the gap will ever be filled back to 2.25? NO, and I never did because the recent 3 PR's justify this price...it's good it filled one out of the three...that was an expected 10% pullback after one heck of a run...
GO CTC!!! there you go golrusher...here's my big long cheer...whad'ya reckon it's worth?...2nd VP of "CHEERS!"?
GLTA ;>)