Ok...NOW I'm taking a break...really, I am. With just 8 "A" stocks left to go, ASPX is now penciled in as the 2nd "A" stock for this week. Here's the rundown on the TA:
ASPX
Price...12 1/4
Intermediate term chart pattern...monster IHS
Short term chart pattern...triangle with breakout
Current resistance...IHS neckline: high on 9/24/97 to high on 3/12/99
Resistance line value for 7/16...12 9/16
Current support...low on 6/17/99 to low on 7/13/95
Support line value for 7/16...10
Target...IHS breakout projection method...23 3/8 in 4 months or less (probably a lot less).
risk...2 1/4 (22.5%)
reward...11 1/8 (90%)
Risk/reward...1:5
SMI bullish threshold...not a problem
89 MA/MLR...timing possibly a wee bit early, profile optimal
BBs...supportive
CCI...timing possibly a wee bit early but leaning well toward very strongly supportive.
Scatter/plex...verification of scatter signal would be strong on a break over price resistance. Plex is telegraphing a breakout.
3,1,2...hesitant
4,3,2...timing possibly a wee bit early
13,8,8...timing possibly a wee bit early
89,3,5...3rd higher xover in a series...trending strongly toward 80...a break over price resistance will very likely put it over 80.
233,21,34...putting in a hard fought knee, just now kicking up over 80
MACD...supportive with good timing
MA...5 through 50 nicely bundled...will bust a separation if price holds reasonably firm on Mon.
Rabbit...timing possibly a wee bit early
Price/volume stuff...in gear
RSI...slightly hesitant...possibly a wee bit early
You gotta love the ones where the timing may be a wee bit early.
Doug R |
