GigaMedia Limited (GIGM)

[Pay_tience]

lll....I'll let you know when I am going to add to my position. What I would really like to see is a higher peak on the right side of this cup formation. On the recent earnings release it hit 11.20 premarket, but only 10.35 during market hours. I would like it to hit 11.20 on the right side peak of the cup and then form a handle. The higher the right side of the cup peak, the stronger the breakout and trend will be.
I'm pretty sure I will be buying into GIGM next week imho!

I think a real breakout will occur in mid/late september and last into January.

I'd like to buy in the $7's and sell in the $11's and buy back in the $9's and sell in the $20's. It's all speculation though, but I like the chart and long term prospects here.

All imho!

PP :)