kidneybeans - welcome to the Boosher board. Mega-boosh would be a very large boosh. "Boosh" is the term used on this board for a quick explosive move to the upside based on technical analysis. The general specifications looked for in a "boosher":
(taken from the intro page)
Perceived reward 2 or more times larger than the risk (trend or consolidation break with stop loss).
Defined consolidation; Tight range with defined risk(stop loss) and defined boosh point (stop buy), with fairly measurable reward. Consolidations above previous highs from months or years ago, or just below all-time highs is ideal.
13ema above the 50 ema: Watch for the common kiss, and use the possible kiss area to initiate or add to a position. Cross can often be the kiss of death, but not always, especially if price reverses within a few days of the cross. This is the common measure of a bull or bear market for a particular stock.
ADX below 20: The longer the better. Shows high energy explosion or implosion.
13ema/20sma: Trademark boosh event. In a very bullish market, the 13 ema will stay above the 20sma and the kiss event is a great entry or addition point. Minimizes time risk, and dollar risk.
I must say here that IMSC does not fit the pattern, but if it were to improve and consolidate over coming weeks it might. Most people on this board know I am an IMSC junkie, so I think they forgive. Nonetheless, IMSC weekly chart shows very low ADX (good energy, dry tinder), the stock just popped to the top Bollinger band area, and the BB's are tightening (also a move predictor), RSI is above 50, MACD is very low as well. There is pent up energy here even if not a classic booster chart. It would look a lot better trading in the 1.20 area. Hope this helps. As you and I both expect, IMSC could pop into the 3's and 4's or higher on a substantial deal with TSA and other govt agencies.
