wow! GTE bounced back today for no apparent reason! NUT$! apologies to those who swung out, if you did not buy back in as you saw the pps return to your sell point (that's what U shudda done).
Daily Opinion: BUY Thursday's very Bullish (up) move, forming a recent low, is accompanied by increased volume (136% of average), suggesting a continuation higher on the next day.
Short-Term Opinion: HOLD On a short-term technical basis, the trend is Bullish (up) and the stock is above its 50-day moving average at 1.66 which also confirms its Bullish (up) trend. The stock is slightly overbought according to the Stochastic indicator (70.12). ________________________________________________________________
HOWEVER, STOCK CONSULTANT SAYS pps now at resistance of $2.14 w/ 100% BEARISH CONFIRMATION WITH 70% DOWNSIDE PROBABILITY !!! < <
Ie, today was a just a bounce before the retracement continues!
JAWZ WILL GO WITH STOCKCONSULTANT.COM TO VINDICATE MY WED CALL!
jawz DOUBTS that GTE will go as low as the Targets below, however
SO, DO NOT BUY, UNLESS IT CONTINUES HIGHER PAST 2.20 (If you ALREADY re-bought, then HOLD until it retraces $2.00 imho, THEN bail out, BUT ONLY FOR SWING TRADES!) ===============================================================
PRICE 2.14, +0.27 pts (+14.4%), Thursday, 27 Oct 2005, 4:52 pm EST (15-20 min delayed) 9, excessive up from yesterday's close, expect to pause/stop. Typical price range from yesterday's close : ± 0.11 pts, ± 5.3%
VOLUME 1.75mil shares, +83% compared to the typical daily volume over the past 6 months. High Volume alert! Typical daily volume is 954k shares over the past 6 months.
Overall Summary A summary of bullish and bearish indicators.
Should only be used as a general guide. Please look at the indicators for more detailed understanding.
BULLISH Confirmation - Strong bullish 3 day chart pattern.
BEARISH Probability - Intermediate trend possibly bearish, Sideways trend near upper resistance. Probability - 1 Day Price change extreme up, may pause/reverse Probability - Overbought, odds favor short trades. Probability - Short term extreme rally, expect rally to pause/stop. Confirmation - Extreme 3 day accumulation, but when the stock is overbought this is considered bearish. Confirmation - Extreme bullish 1 day moneyflow, on an strong-extreme rally is considered bearish. Probability - Strong Up trend (1 month), may start to turn sideways. Confirmation - at resistance
SUMMARY ---- -10, 1 bullish confirmation indicators. Very Strong Underperform, short term (1-6 wks)
RALLIES/PULLBACKS Typical: 27.1% (0.58 pts) stock price move occurs 25% of the time. ** Current price area Extreme: 35% (0.75 pts) stock price move occurs 5% of the time.
Indicators for positioning trade entry and exits.
1 DAY PRICE CHANGE 9, excessive up (+0.27 pts, +14.4%) from yesterdays close, expect to pause/stop.
SHORT TERM DIRECTION 9, extreme rally, expect rally to pause/stop.
OVERBOUGHT/SOLD 8, Overbought, odds favor short trades.
1 MONTH TREND 7, Strong Up trend, may start to turn sideways.
INTERMEDIATE TREND -5, possibly bearish, ** Past 4 months Sideways trend near upper resistance.
RESISTANCE/SUPPORT 2.14, at resistance, 2.16 ± 0.11, type triple, strength 10
Resistance Above : +13.1% at 2.42 ± 0.13, type single, strength 8
Support Below : -14% at 1.84 ± 0.1, type double, strength 10
Timing Indicators Indicators for timing trade entry and exits.
3 Day Chart Alert analyzes over 120 three day candlestick patterns!
3 DAY CHART ALERT 10, Strong bullish 3 day chart pattern. 9, Extreme 3 day accumulation, occurs 10% of the time.
MONEYFLOW 9, Extreme bullish 1 day moneyflow, occurs 10% of the time.
BREAKOUT None. ---------------------------------------------------------------- see chart here: http://tinyurl.com/9lg3t
CURRENT PRICE 2.14, at resistance, 2.16 ± 0.11, type triple, strength 10
RESISTANCE ABOVE +13.1% at 2.42 ± 0.13, type single, strength 8 +38.3% at 2.96 ± 0.16, type double, strength 10 +60.3% at 3.43 ± 0.18, type triple, strength 9 +80.4% at 3.86 ± 0.2, type double, strength 2 +147% at 5.29 ± 0.28, type single, strength 8
SUPPORT BELOW -14% at 1.84 ± 0.1, type double, strength 10 -22.4% at 1.66 ± 0.09, type single, strength 1 -30.8% at 1.48 ± 0.08, type triple, strength 10 -42.1% at 1.24 ± 0.07, type single, strength 5
UPSIDE TRADE QUALITY 30%, Poor Good trade quality is a combination of good profit, profit/loss ratio and target potential.
TARGET 1 Price: 1.99 Profit: 0% , There has been a strong rally and the current stock price has exceeded Target 1. Stop Limit/Trailing Stop Limit: 1.96 Loss: 8.4% Profit/Loss Ratio: 0 : 1 - Poor
TARGET 1 POTENTIAL Excellent, there are 1 resistance areas on the way to Target 1. Stocks may quickly rise to Targets when there are not many resistance areas blocking the way.
TARGET 1 RESISTANCE Current price at resistance: 2.16 ± 0.11, type triple, strength 10 +0% at 1.99 is Target 1
TARGET 2 Price: 2.15 Profit: 0.5% , Profit/Loss Ratio: 0.1 : 1 - Poor for an extreme rally.
TARGET 1 POTENTIAL Poor, there are 3 support areas on the way to Target 1. Strong support areas may reduce the potential to reach short Targets 1 & 2.
TARGET 1 SUPPORT -14% at 1.84 ± 0.1, type double, strength 10 -22.4% at 1.66 ± 0.09, type single, strength 1 -30.8% at 1.48 ± 0.08, type triple, strength 10 -36% at 1.37 is Target 1
TARGET 2 Price: 1.24 Profit: 42.1% , Profit/Loss Ratio: 5.6 : 1 - Excellent for an extreme pullback.