Swing Trade Ideas Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Swing Trade Ideas

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mason Barge who wrote (2)	2/4/2004 8:50:15 AM
From: Mason Barge	of 7

HIET 2/3/04 The expected breakout occurred. Yesterday an up day on a secondary volume spike, which seems to transform HIET from a news stock to a stock with more solid LT interest. In other words, the profit taking shakeout in the 1.20 area seems to have lessened, with fewer sellers and more buying interest. Lowered volme today on a decline to 1.23. This is a similar action to 1/22 and 1/23. We seem to have a rising horizontal triangle here after an uptrend. This is a positive but not a foolproof formation. Technically I don't love this as much as the symmetrical triangle we had before, but the formation seems to bode for another good breakout in a short while. I am going to add shares at this level, expecting at the worst another eventual up leg to the 1.40 area, with a possible 40% upwards breakout. I would anticipate a possible retrace to the $1.15 leve. However, I think the chances of breakout to the $1.75 LT resistance area are quite high. Note that a solid breakout above 1.40, preferably for three days, should form a resistance area at 1.40.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next