Hi Sergio! RE: Large block trades, FORD, RADIF, ITSY, and POOR: here's how it looks like to me:
FORD: (Per your research, converting warrants to common)
LT TREND, slightly up (I avoid buying into downtrends)
VOLUME: Growing volume
CHART PATTERN: Higher highs, and two recent lows with second one lower (bad)but close enough to be considered a double bottom. (good)
OBV very positive
LONG TERM MACD (13,34,89)just crossed moving average and zero, on high
volume. This usually indicated the beginning of an upmove, but it may be a week or two away. Or not!
RATE OF CHANGE AND MONEYFLOW are "tepid" suggesting that the stock is
trying to rise, but there has been no significant upturn as of yet. (I read this as "early",not as "not a good choice".)
RSI and SHORT MACD (12,26,9)are tepid as well, confirming the above.
STOCHASTICS are turning down for now
RELATIVE STRENGTH (QRS) has been "damaged" since mid-March, and has not yet recovered.
SUMMARY: Stock is about to return to it's upward trend from the current basing pattern, and the timing on this is about 5-10 days. It is too soon now though, as there is currently potential for it to go the other way.
RADIF: (Per your research, gave cheap warrants to Boeing)
LONG TERM TREND: New uptrend firmly established by break in downtrend, and significant higher low. Trend is now up.
CHART PATTERN: Sort of a "W" including a preparatory basing phase. Appears to be ready for a move.
OBV: Just bounced off it's 90 day moving average, and crossed the 18 dma. Very positive.
LONG MACD: Crossing zero now. Last cross was 2/11. Move is in progress, but still early enough.
RATE OF CHANGE: Low, but just crossed zero, and looks early but very positive.
MONEYFLOW: Turning up for last 2 days. News?
RSI: Moving up strongly.
SHORT MACD:Low, but crossing that very important zero line right now, on growing volume.
STOCHASTICS: Crisply turned up, crossed moving average.
RELATIVE STRENGTH (QRS): Appears to be rebounding, but move is not yet
significant.
SUMMARY: This is a BUY NOW IMHO. I would have bought it Friday had I been here. It might be a tad early, but with this one, late means way too late.
ITSY: (per your research, merging with PRGN)
LONG TERM TREND: Strong clear uptrend.
CHART PATTERN: Recent pullback or "rest" led to a higher low, and therefore the trend is continuing strongly with no damage.
VOLUME: Growing volume confirms certainty of breakout.
OBV: No change. Was strong. Still strong, unabatedly.
LONG MACD: Indicator pullback ended before the zero line, confirming the strength of this uptrend. It has now just turned up.
RATE OF CHANGE:Low. No effect yet.
MONEYFLOW:Went negative for first time in 6 months. Still negative, but has turned up, and is climbing toward the surface.
RSI: This early indicator shows a crisp upturn.
SHORT MACD: Bottomed just below zero, but has turned up.
STOCHASTICS: This has bottomed at zero, and has turned up, crossed the moving average, but not yet the magic "20" line. Very positive, but early'ish.
RELATIVE STRENGTH (QRS): This has stayed high and is still high.
SUMMARY: This stock is a BUY NOW IMHO. It is the least risky of the bunch, as the uptrend suffered no damage at all while "resting" or pulling back.
POOR: (Per your research, symbol describes fundamentals <gg> Good for short pop?)
LONG TERM TREND: Downtrend broken, 2 month uptrend in place.
CHART PATTERN: "Rounded bottom" pattern is positive, with a succession of higher lows. Volume breakout at apex of ascending triangle, one day old.
VOLUME: See above. One day blast.
OBV: Crossed the 90 day moving average on 3/11, and the 18 dma most recently on 4/22, and has not looked back.
LONG MACD: Crossed the zero line on volume on 3/11, and has stayed above it since. Very positive.
RATE OF CHANGE: Has finally crossed the zero line.
MONEYFLOW:Became positive on 4/27, and keeps getting more positive.
RSI: Turned up.
SHORT MACD: Well above zero. Crossed the signal line on Friday.
STOCHASTICS: Nice crisp turn up. BTW, note that Bollinger bands narrowed and are now expanding, but price is ABOVE bands for now..
RELATIVE STRENGTH (QRS): Crossed the 20 line on 4/24, and has completely changed from "dead" to "alive" in this indicator.
SUMMARY: This stock is getting a lot of attention from SOMEBODY. Fundamentals may be changing, or may be a "pump and dump". 7.1 million shares out. Chart is strong.
Sergio, I hope this analysis is of interest to you. Send me these anytime. Most interesting stocks!! I'm buying! BTW, am still in APCO as the chart is perfect, but clearly I was a little early (as I often am!). Will hold for a while. I do like ITSY the best of the bunch.
Regards,
Al
PS - FTIW, the always-positive Cabot letter (until now), as well as myriad other authorities, including Chip's Charts, are suggesting everything from "continued weakness" to "large drop". Be careful. |
