Lzzrd, I have a target on FTIC of 16.48.....You also have a double bottom formation...I have neckline pegged at 10.00 and first bottom at 6.00....Taking the difference of 4.00x1.62 you get my projection when you add it to the neckline....You have a good reading on the cup, or the second bottom...I see the cup base at 7.00....My trend indicators, Pring KST and MACD Histogram are all showing a nice trend....Volume has picked up nicely with price....
20 day=40,510
10 day=72,770
5 day=133,900
3 day=155,833
RSI and Stochastic are all hot, and my Ultimate Oscillator is showing a bearish divergence with price....I am a little leary about jumping in on this one right now, since it is in a flagpole formation....You have a straight pole with no flag yet in sight...I would like to see a downward flag form from here, and try to pick the stock up on consolidation...To me it looks like the pros were loading up only the last few days, and that means they probably got this stock for around 12.00...So I guess you would be in good company at that price...Don't think they want to bail without some change in their pockets...(You were probably one of those pros who paid the 12.00 price---or is this still on your watch list????)
Am hoping to close out some nice profits on GATE tomorrow, and cover my two open short positions....
Have been doing a lot of studying on 30 potential shorts for tomorrow.......I think it will be time for a cigar if JRJR hits 29.55.....Tell NOTH20, I will refuse to dance if he lights one of his
Cuban cigars in my presence...
Regards, Mark |
