Charts tell the story of investor sentiment and understanding some key technical indicators will alert you to reversals, strength and weakness.
The charts have looked great on several occasions which should have given us a nice little run but in my opinion, the price is being completely manipulated right now and QUIK will trade sideways for what could be a while. QUIK offered millions of shares in the secondary at $1.00 I think, but the volume has been very weak. Any buying pressure would have sent this above $1.50 and started a new base there.
When I mentioned the Bollinger bands, the price was getting closer to the bottom band which indicates oversold. The MACD which is a simple moving average was curling up to break the signal line which it did but they pulled the price back again. Market makers are trading this between 1.06 and 1.12 and don't appear to let it go above or below those prices until institutions are finished buying up the cheap shares. The 50 day moving average was curling up toward the 200 dma which signals momentum and strength. When all these indicators are clicking together the volume spikes, there is momentum and the price moves much higher.
I am disappointed to say the least. We should be trading much higher than current levels based on technicals alone.
I just started following the aroon. Click the stockcharts link below. Not great with posting charts but can read them. If the aroon isn't showing enter the symbol QUIK. Scroll down to the bottom of the chart and click indicators, then click aroon, then update. The aroon up is the green line. Take a look at the green line when it starts at 0 and breaks 70 and breaks the red line coming down (the aroon down). The stock price jumps dramatically. The key is keeping the momentum up and having the green line up at 100 and moving sideways. Once the green line heads down and breaks 70 while the red line is moving up the momentum is stalling and the price will decline, an indicator to get out for now. http://stockcharts.com/h-sc/ui
Hope this helps.