Charting your trades

[Chart_this_trade f/k/a Mike Butler]

Here is one of my “bottom” watch lists with notes on the technical indicators. Some are more detailed than others, but I believe this to be a fairly strong list if we have an “up” day on the S&P 500, tomorrow. Most charts are NYSE but under $10. Additionally, these charts shall remain on watch for the entire week.

Annotated charts can be found here: http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID2660797

ARIA:
Trends, Support, and Resistance: Down trend NOT broken; resistance 1.04 – 1.10; support .82
RSI: 2 at 71, 5 at 39
ADX & PPO: They are not at a true convergence, but have signified a trend change
Candles: New Years Eve, very strong Hammer candle formation
Volume: Below average, but prior day 3x normal
MFI(7): oversold

CHTR:
Trends, Support, and Resistance: Downtrend NOT broken; support .08-.09; resistance .13 & .16 little from .16 to .35
RSI: 2 = 80; 5 = 51; 14 = 36; Bullish buy signal
ADX & PPO: Strong convergence; PPO crossover occurring
Candles: Long white with short shadows up 35%
Volume: Above average
MFI(7) crossing the MFI(14) but oversold

EPL:
Trends, Support, and Resistance: Major trend NOT broken; support at 1.50; resistance 1.98-2.00
RSI: 2 = 92; 5 = 59
ADX & PPO: converged at the 35 area
Candles: Long white with 20% upper wick
Volume: x2 (almost)
MFI 7 = 43; 14 = 16.9

HNR
Trend, Support, and Resistance: Downtrend pierced by upper shadow; support 4.12; R1 = 4.49; R2 = 493
RSI: 2 = 96; 5= 56; 14=37
ADX & PPO: strong convergence with both indicators diverging
Candles: small body with long upper shadow, 3x real body; Shooting star, most likely do to Friday’s trading at the high of the range, so wait for verification
Volume: 20% above 10 average
MFI 7 above 14 and trending up

KPPC
Trends, Support, and Resistance: Downtrend NOT broken, but very nice rounded bottom formed; S1 = 2.33; S2 = 2.33; R1 = 2.74; R2 = 3.39
RSI: 2 = 89; 5 = 53
ADX & PPO: divergence occurring
Candles: gap up with no lower shadow (very strong); upper shadow 20% of real body
Volume: last four at the 10 average
MFI: very oversold three days ago, just coming out and fast

MBI
Trends, Support, and Resistance: 2 month converging channel; S1 3.96; R1 = 4.63; R1 = 5.1;
RSI: 2 = 87; 5 = 49,00; 14 = 40; Buy signal
MACD: Histogram bars decreasing with impending signal cross
Candles: full body white with significant upper and lower shadows (about 20% of body) preceded by doji
Volume: 20% above average
MFI 14 in oversold with 7 at 43.72

PHHM
$ volume is fairly low, but it had a major one-day sell off mid-December
Trends, Support, and Resistance: see candles for trend; R
RSI: 2 = 83; 5 = 44; wait and see
ADX & PPO: has not turned
Candles: real bodies are trading in a tight range 4.5 to 5, shadows are outside this but last 8 have closed within the range; look for a break outside the range
Volume: well BELOW average
MFI: 14 OVERSOLD; 7 sharp angle to 43

PNCL
Low $ volume
Trends, Support, and Resistance: Major short-term NOT broken, but Shorter one-month trend was broken; S1 = 1.9; S2 = 1.69; R1 = 2.14; R2 = 2.37
RSI: 2 = 93; 5 = 63; 14 = 39
MACD: Histogram turning with strong potential cross=over
Candles: STRONG Marubozu from two preceding dojis to form a bottom
Volume: Increase came off VERY low volume 50% below average, but prior day was 3xs with little movement.
MFI: 7 above 14 out of oversold

MNI
Trends, Support, and Resistance: Major sell-off in December formed a bottom and had a one day explosion for 35%, trade just under $1 mil; S1=1.00 S2=.88 R1=1.20 R2= 1.43; also, MA(5) about to cross MA(10)
RSI: 2 = 95; 5 = 61
MACD: Histogram bars drastically changing direction with an impending signal cross-over
Candles: Long white without lower shadow; 20% upper shadow
Volume: trading at 10 day average
MFI: 7 sharp increase to 60; 14 oversold conditions

UFI
Trends, Support, and Resistance: Major Panic sell-off for 60% one day drop right through the MA(200); S1 = 2.74; S2 = 2.49; R1 = 3; R2 = 3.53 which is MA(200)
RSI: 2 = 95; 5 = 51; 14 = 40 Bullish buy signal
ADX & PPO: Strong convergence with the turn coming
Candles: Only concern; small spinning top from a gap up. If it gaps up Monday, watch for a pullback to open unless it runs; could be a nice 20% gain
Volume: at 10 average as the last three trading days
MFI: coming out of oversold conditions with the 7 above the 14 signaling a trend change.

WRES:
Trends, Support, and Resistance: Strong down trend; S1 = 1.84; S2 = 1.61; R1 = 2.08; R2 = 2.47
RSI: 2 = 84; 5 = 45; wait
MACD: Histogram three day improving
Candles: gapped down with an intraday reversal, no lower shadow.
Volume: 10 day average
MFI: 7 above 14 with the 14 in oversold conditions