Stockwatch: ABS, DMC, GEO, MIC, NI, VLL, WPI
(ABS Chart as of May 26, 2009)ABS chart shows a pennant formation.
Holding a support @ 19.50 and a resistance @ 20.25.
A breakout from this pennant formation will give us a target price @ 22-23.
Holding a support @ 19.50 and a resistance @ 20.25.
A breakout from this pennant formation will give us a target price @ 22-23.
(DMC Chart as of May 26, 2009)DMC breaks from the 7.0 resistance seems to be continuing its uptrend. Target Price @ 10.00.
(GEO Chart as of May 26, 2009)GEO a small flag on top of the pennant formation?
GEO since its breakout from the pennant formation last May 20, 2009 has not yet reached the measured target price @ .83.
The small flag formation breakout will also give us a measured target price @ .83.
GEO since its breakout from the pennant formation last May 20, 2009 has not yet reached the measured target price @ .83.
The small flag formation breakout will also give us a measured target price @ .83.
(MIC Chart as of May 26, 2009)MIC another flag in the making? - taking note of the low volume since its breakout from the 1st flag.
MIC since its breakout from the 1st flag has not yet reached the measured target price @ 3.45.
Looking at the chart, MIC is encountering resistance around the top of the tripple top patterns formed last August to October 2008.
Area of resistance is @ 3.10, 3.25 and 3.45.
MIC since its breakout from the 1st flag has not yet reached the measured target price @ 3.45.
Looking at the chart, MIC is encountering resistance around the top of the tripple top patterns formed last August to October 2008.
Area of resistance is @ 3.10, 3.25 and 3.45.
(NI Chart as of May 26, 2009)NI seems to be forming a small pennant formation as part of the 2nd pennant formation to reached the target price @ 10.00.
Volume seems to be low while its moving in a tight range.
A breakout from this small pennant @ 7.5 will give us a target price @ 9 - based on the small pennant and @ 10 - based on the second pennant.
Volume seems to be low while its moving in a tight range.
A breakout from this small pennant @ 7.5 will give us a target price @ 9 - based on the small pennant and @ 10 - based on the second pennant.
(VLL Chart as of May 26, 2009)VLL breaks from 2nd pennant and the 260-MA.
Today, VLL gapped up and went high @ 1.86 but it eventually went down to 1.68.
1.68 is the 260-MA which seems to be the support. If this breaks the 1.68 support, then it is best to stay away from VLL.
To play VLL, it needs to break pass the 1.86 with good volume.
If not, then it needs to maintain a low volume should VLL move between 1.68 and 1.86.
Today, VLL gapped up and went high @ 1.86 but it eventually went down to 1.68.
1.68 is the 260-MA which seems to be the support. If this breaks the 1.68 support, then it is best to stay away from VLL.
To play VLL, it needs to break pass the 1.86 with good volume.
If not, then it needs to maintain a low volume should VLL move between 1.68 and 1.86.
(WPI Chart as of May 26, 2009)WPI encountering resistance @ .32 which is also the 130-MA.
Although, it has pierced the 130-MA with nice volume. It is important to enter when it finally confirmed the breakout from the 130-MA with good volume.
Target Prce measured @ .60.
Although, it has pierced the 130-MA with nice volume. It is important to enter when it finally confirmed the breakout from the 130-MA with good volume.
Target Prce measured @ .60.
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