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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (5501)	9/8/2019 3:28:31 PM
From: Underexposed	1 Recommendation Recommended By richardred Read Replies (2) \| Respond to of 7243

Hi Richardred I hope you don't mind a TA view of CTG. I've been a long term holder on and off in CTG . It's also on my SITT 2019 list as my top pick, but it's been on it before. Personally I like the earnings & sales growth momentum, and diversification efforts the company has going for it. I think your patience has finally been rewarded...and I don't mean just the 4.6% gain on Friday. Here are my first 2 charts In the P&F chart the first thing that grabs my attention is not just the rise in share price recently..... it is a sustained rise after being in a sideways movement for over a year. The share price now has a solid base of support from $4.50 - $4.80... there is a resistance ahead at $5.40 and the price may hiccup there for a few days but that resistance is based on pretty old stuff so I doubt it will be strong... there may be a slowdown somewhere between $5.80 to $6.20 but again that does not appear to be serious. The blue circle shows that the column SMAs have finally turned bullish.... a pretty good chart. My "Trigger" chart (this is my market timing chart with the BBWidth as the "Trigger"). As you can see the real breakout happened in the last days of August... the Slow Sto was reaching for 80 the MACD had a positive slope then the BBWidth suddenly went positive...a sign of a bullish breakout. But more than that look at the indicators below now... they have suddenly increased their positive slope... this run has not ended. This run started with a strong white candle that drove the price far above the upper bollie (upper circle). This is a rarefied atmosphere and the share price usually re-enters the bollie envelope in 3-5 days... which it did... and it did it in the best way possible... with the share price increasing....not decreasing Another nice chart.... The left is my "sentiment" chart... you can see the action around the upper bollie just looking at the daily close... currently the close is tracking the upper bollie...very nice. I am not a great fan of Parabolic Sar unless it changes direction in the throat of a bollie squeeze... which happened here... it will take a while for it to catch the share price and reverse the direction the three indicators below could not be more bullish The Ichimoku chart is very bullish as well. The clouds are being left behind as this rocket takes off.... the blue circle in the main chart shows the thin red/blue lines they are bullishly apart with no sign of recrossing. The indicators below could not be more bullish... the CMF climbing out of a month and a half of being in the mud. Conclusion Nice stock and probably on a sustained run. UE