Data I/O Corporation (DAIO)

[value1008]

Not sure DAIO will see buyers move it up to over $10 in anticipation of either earnings or guidance and growth-prospects for Q4 and 2018, but just looking at the chart, the last time the RSI was at this same level of 54s a month ago, back around Sept. 14, the shareprice was down in the $8.30s - $8.50s.

So if/when RSI were to again surpass the 70-75 level (e.g., with buyers anticipating strong 2018 earnings, another partnership or two, and SentriX), it's easy to see that, chart-wise, DAIO could easily be in upper $10s or over $11.

As one can see, the recent dip to the 8.50s represented a very robust "V-shaped" plunge to test the rising 50dma, and now stock is up around the 20dma, and perhaps gathering steam to challenge the $10 level. It had no trouble surpassing $10 in previous weeks, so i'm thinking it will again this time, probably some time next week. Furthermore, any move above $10 will trigger the Parabolic-SAR back to "Buy" (currently it's in "sell" mode, but the "dotted line" is falling fast, presently at 10.01; it will be in the upper 9.90s next week).

Anyway, so much for technicals. We know the fundamentals here are sound, very sound.