Stock Incubator

[dalcindo]

Re: INIX, EXPH - TA Explained:

Hi, Xxx!

Happy new year! Sorry for this late reply.

INIX is still looking good. My recent TA on this bullish stock remain in effect in a WEEKLY timeframe.

EXPH is looking a tad bearish on a weekly scan. First of all, its weekly 14-RSI strives to remain at or above the 40-line, which is a technical requirement to consider it bullish (remember that a RSI oscillating between the 80-40 range corresponds to a bullish stock; 60-30 range, a bearish stock, and 40-80 range a sideways trading stock).

PRO/CONs:

PROs:
- Secondary indicators such as CCI, Wm%R and CMF are diverging positively against price
- ADX line is tapering off following a significant decline, allowing a speculator to infer a likely reversal of that bearish trend and that a bottom may have been reached at this current price level.
- A/D, OBV and ChiOsc lines (which represent buying/selling interests) are tapering off and may possibly roll upwards.
- ChiOsc has crossed over its weekly 21-EMA

CONs:
- Weekly 14-RSI failed 9-RSI's 14-EMA (a major bearish signal that occurred last week)
- Weekly price has declined sharply and recently consolidated into a symmetrical triangle, which favors continuation of prior (here, bearish) trend
- CCI, Wm%R and CMF (despite their positive divergence), are a long way up to offer a buying signal)
- Of all buy/sell signals, A/D and OBV lines remain under their weekly 21-EMA (compared to ChiOsc), favoring a persistantly selling pressure.

All IMHO; hope this helps.

- Dalcindo


-----------------------------------------------------------------



Message in reply to:
Hey Dalcindo,
so I'm very interested in technical analysis and ever since your technical breakdown of INIX I have been even more so interested. Would you be able to give any sort of analysis on EXPH? This is the first stock that I made money in and it kind of got me started. I got out
of it after what has been called a false breakout
in the middle of September.
On Friday, this stock appears to have broken out
of a bearish channel. It appears as though here have been two bearish channels, the new (and steeper one) starting a few weeks ago (I think).
Thank you in advance for any tech info on this (INIX or any other!) stock.
Merry Christmas - vaya con dios!

XXX XXX