TA for 13s week of 6/1/98
volume, volume, volume
not intended as investment advise, please consult a financial planner and do your own DD prior to any investment decision.
Russell 2K watch: Still weak but short term stuff looks like we may be able to do some short term trading this week. Once again, long term is on hold/sell.
Plus 4s
nope
Plus 3s
INTAF: 3.50 is very strong pull. Magnets at 1.50, 1.9375, 2.00, 3.25, 3.375. 3.50 strong, 3.75, 4.25, 5.50, 6.00, 7.00. Which tells me the area below 4.25 is gonna be choppy. INTAF is a short termer right now and should be watch close for volume. It has a chance at a blow off top which could be quite profitable for the quick trader.
BUS: Magnets: 6.375, 6.75, 7.00, 7.75, 7.875, 8.00, 8.875. Its all good on BUS TA. IHS formation on 3 day RSI. Looking for breakout Monday. If it does not come then I will be looking for a short term dip to buy some trading shares. Like it at any price less than 6.375 but would love a bargain.
DOCSF: Magnets 9.50, 9.875, 10.50, 11.438, 11.75, 12.25, 12.50. Needs to keep momentum going. If it does not move Mon/Tues it is likely to base/decline for a couple of weeks.
PAMCE: Looks like it wants to get to the 6.75-7.00 area. good long and short term candidate. Looks like the most likely to be kind in a down market kind of stock.
NWSW: magnets at 4.50, 4.75, 5.625, 6.50, 7.375, 7.50, 7.875, 8.125
Looking for a break of 4.75 Monday or Tuesday then a run at 5.625 before it comes back to retest the 4.75 magnet. I like this one so much I bought it (full disclosure)
Plus 2s
MGMA: Gotta let this baby settle for a few days. Way overbought according to CCI 13. Looking for a nice entry late week, most likely Thursday about 11:13 AM EST (LOL). Just wanting to check to see if anyone is reading this post. Would not call MGMA a good long yet even if I was looking at a bull market
CHRS: Retesting the 5.125 magnet. May dip to 4 7/8ths, find a bottom and then come back to play around 5.125 over the next 2 weeks
I do like this a long candidate. Magnets at 5.125, 5.625, 6.00, 8.50, 8.75, 9.375 - 10.00 (several)
LOCK: Could go either way. Needs a good string of above average volume days to send it up with confidence
THDO: Another one which is very likely to move up or down sharply. I am leaning toward up (70% chance IMO) Watching for volume.
CMNT: Heavy overhead at 5.50 to 5.625 according to TATRADER (thanks Mark). Retest of Long term down trend likely. Still like it for a long term play and will make a nice short term play soon. Just needs to build some strength.
TLSP: Mid/late week possibilities. May retest 7 area before coming up again.
CML: Long term down trend overhead at 3.425 (-.01 each day). Would like to see a break of the long term downtrend and a hold of the break for a minumum of 3 days prior to entry
XYBR: Still waiting for MACD to reverse up. Also watching stoch 4,3,2 and CCI 13. Magnets at 2.9376, 3.375, 3.9376, 5.00, 5.50 (Strong), 5.625, 9.8126
IFCI: Watching MACD for reversal. Magnets 5.00, 5.25, 5.50 (weak), 7.50, 11.00, 11.625. Good long termer and soon to be a good short term play but right now the short stuff is mixed and a dip is not out of the question.
IATV: Looking for a mid/late week run. Has a shot at a early week run but not a strong one. Magnets 3.00, 3.125 (Strong), 3.375, 3.50
LIPO: Mixed signals. Needs MACD reverse up. Not a good long yet
NTPA: Good all around. Great no where.
VLNC: Still long term watch list. May be a good entry area for the dollar cost averager out there. I like this chart quite a bit. FA guys please dig deep here.
LUST: Watch for MACD reversal. Not a good long. In fact, not a great short term candidate either, but there is a chance at a small gain.
TSNG: Need MACD reversal. Overhead at 2.85 long term downtrend. Not a good long term candidate.
WIKD and MCRN are takeover candidates and are stuck until more news comes out.
Well I gotta say the Bulls did it again. Was a great series.
ht
david |
