wallman
299 posts
msg #32226
- Ignore wallman |
6/2/2004 7:07:52 AM
ARTX does look ready to move higher in the next few days,INGP TSYS VIGN SVVS also appear ready for their moves
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EWZuber
1,373 posts
msg #32284
- Ignore EWZuber |
6/6/2004 5:54:00 PM
I strongly suspect that the NASDAQ is about to make major move higher over a sustained period.
When the dailychart confirms a start of a new accumulation phase I suspect that will be an excellent time to pick some good poitions.
NASDAQ is trying to hold support at the 50 DMA at about 1980 which also happens to be the 50 HR.MA. With the index a bit oversold on the hourly chart, I wouldn't be surprised to see a bounce here on Monday morning.
It also looks like Gold stocks might be moving higher over the longer term.
JMHO
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EWZuber
1,373 posts
msg #32285
- Ignore EWZuber |
6/6/2004 6:01:15 PM
wallman
I am also watching SVVS and VIGN.
Buying volume was good on SVVS Friday. After reaching a stochastic peak on the hourly chart and distribution began, the sellng volume was very moderate by comparison. May be a bit more distribution before a move higher.imo
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Aries321
6 posts
msg #32298
- Ignore Aries321 |
6/7/2004 11:01:25 PM
Wallman, thanks for heads up. I was already in SVVS and ready to get stopped out. ended up picking up 15% your picks great as always
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wallman
299 posts
msg #32299
- Ignore wallman |
6/8/2004 9:26:50 AM
Aries, thanks and glad you did well with SVVS,i got in last week at 1.31,so far it has run great,some i'm watching for a move are CPST ITIG UGHO APHT BIOM ARIA NENG and still TSYS ....good luck !
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EWZuber
1,373 posts
msg #32334
- Ignore EWZuber |
6/13/2004 4:10:56 PM
The supporting TL has converged with the current price level of ARTX. Selling volume was very low on Thursday indicating that sellers seem to be near exaustion. Daily and Weekly Chart stochastics are both in accumulation. When these events occur together it often indicates that the stock is ready to move higher.
jmho
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EWZuber
1,373 posts
msg #32350
- Ignore EWZuber |
6/15/2004 2:43:24 PM
Looks like ISON and MEM may be moving up a bit.
JMHO
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roca1018
163 posts
msg #32370
- Ignore roca1018 |
6/17/2004 8:53:01 AM
What is your current take on ARTX?
Thanks,
Rich
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EWZuber
1,373 posts
msg #32376
- Ignore EWZuber |
6/18/2004 3:31:18 AM
roca
ARTX bounced up off of Trend Line Support at $2.25. So far a textbook move off of support while oversold on the Weekly, Daily, and Hourly Charts and Monthly Chart stochastics have completely converged. It closed todays session just above the critical short term Trend Line Support on the Hourly Chart @ ~ $2.37. There is also valid support just a tad lower at the 15 HR.MA at $2.36. The 15 HR.MA. has been resistance for about 2 weeks, so a break above it is a significant development.
Looking at the 5 minute chart the stock held up well at the end of the session.
If you are not in this one I would wait for a test of the 15 HR.MA or a break above $2.40 on good volume.
The Resistance Trendline starting on 6/27 is still resistance along with the 25 DMA. The good news is that the 25 & 50 DMAs are not in steep downtrends and so will suffice as support should the stock rise above them.
In general it looks fairly good at the moment and technically appears to be set up for a long term move higher.
Fundamentals are weak but that does not seem to be much of a bother for traders right now.
JMHO
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wallman
299 posts
msg #32389
- Ignore wallman |
6/21/2004 9:23:04 AM
anyone watching pennies .... TFCT closed very strong on Friday,big volume in last 45 mins,i'm in at .12,also OHNA WTER might be worth watching,others besides these 3 momo's under $1 UGHO BIOHF MRKL IPVO CPYE ERHC , do your DD,good luck
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