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JDs Stocks

01/09/06 5:04 PM

#4898 RE: kgoodrich #4896

Hello kgoodrich,

I started seriously trading stock last year. I also began studying charting techniques. Last June I joined iHub, and have come across and learned from some great chartists since then. Your charting ability and forum have been publicized by martyMAC on the GZFX board. So, I decided to stop by and get your opinion on JPHC.

I realize the stock apparently has an extremely large float and that the TA is gagged; however, the chart seems poised for an uptrend. In addition, management released a vague buyback PR and 8K today.

PR: http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Ciw%5C2006%5C01%5C09....

8K: http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001108017%252D06....


It appears resistance is: .0008, .001, and .0016.
It appears support is: .0006, .0004, .0003.
Although a doji candle formed today, the MACD fast line is above the signal line and looks like it may cross the center line (0) soon.
The SP closed above the 50DMA, 20DMA, and 5DMA.
The Parabolic SAR is giving a buy signal.
RSI is above 50.

JPHC may be worth a look for those willing to gamble on pinksheets. Perhaps you can elaborate on the chart further, and give your opinion on the stock as well. TIA

I still have much to learn about charting, but as I become more proficient I may post to your forum more often.

Thanks and GLTY,

J.D.