to aLL T/A lovers and short term traders...here's the latest posting from Whistle Stop and it is also posted on Waaco newsletter...
>>>GIFS is looking much stronger these days. Bollinger bands are
contracting. We have moved off the bottom band, so the usual course would be a move to the top band at 1.75. If volume on the buy side comes in at that point in any way, we would expect a further move to the 200 day moving average at $2, or an approximate 30% gain from recent levels for those who have been averaging in to their positions. A great deal will depend upon the news and outcome of the in-process and impending audits, and earnings news should follow hard upon that. If all goes as expected, the return to $2 should not prove to be too much trouble for this stock and, if it happens, it will happen quickly. MACD 8/17/9 is already positive. The last time the momentum readings looked like this, we saw a run from .75 to 3.50 in two weeks. Several different stochastics are right on the verge of turning positive. In numerous ways, GIFS has not been better situated technically for a run for quite some time, if ever. So if--or when--the fundamentals news in the wings is revealed, it should
have some genuinely catalytic effect. What's that they say about luck
being nothing more than opportunity meeting preparation?<<< |
