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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?


To: Venditâ„¢ who wrote (3267)12/30/2004 8:44:46 PM
From: Walkingshadow  Respond to of 8752
 
Hi Reid,

AW has found a bottom in October. You can see on the 3 year weekly chart that AW reversed at old chart support from almost 2 years ago:

139.142.147.218

139.142.147.218

AW is a go. I particularly like those contracted BBs, also the increase in volume in the last several months after the monster gap down.

COMS looks even better. The stock has gathered momentum impressively even though there are volume-heavy black candles from earlier in December. The upside gap was immediately filled. All this together with the obviously strong technicals tells me COMS will have little difficulty with overhead resistance and should fairly readily trade up to the top of the BBs at least. That would be about $4.60, and would coincide with a successful run at gap resistance.

139.142.147.218

COMS also is lower priced, and I like that since lower priced stocks tend to have more potential for big movements.

139.142.147.218

TH has a nice sine wave stochastic oscillation. An odd head-fake run at the 200 ema fell apart, and TH lapsed back into its trading channel. Downside risk seems low here, since support below at 10 is very solid.

139.142.147.218

I would have liked to have seen more volume with today's bullish candle, but things look pretty good anyway.

VTSS looks good also, and note that it has gained strength over the last two months compared to the SOX. The improved relative strength was associated with a steady increase in OBV. So rotation within the sector is in VTSS's favor here. Buyers of the semis are clearly warming up to VTSS.

139.142.147.218

VTSS is testing chart resistance now, but looks like that test will be successful. Looks like a run to the top of the BBs is in the cards here, assuming the sector can continue to rally.

And the SOX looks good... bullish divergence in the technical indicators:

139.142.147.218

Very nice list, once again.

Thanks,

T



To: Venditâ„¢ who wrote (3267)12/30/2004 8:50:36 PM
From: Walkingshadow  Read Replies (1) | Respond to of 8752
 
CAMP sure looks good now:

139.142.147.218

I am long CAMP since a few days back.

Those volume-heavy candles at the beginning of December provide a lot of support and significantly lower downside risk IMHO.

BBs are begging to be expanded wide open.

T