What about ROCM and PCCC?

[mystiky]

I have been looking for a "longer investment" -- one that I would hold for about 2 - 12 weeks.

I have come up with PCCC and ROCM. It seems that both charts are in an uptrend and folks who bought "more" on any dips have been rewarded.

Another thing that I like about both of the companies is that they just reported a few days ago. No, there should not be any "earning warnings" that would serverly influence the stock price.

Anyone care to comment on what they think about these two? I would epsecially like to hear from all of the technical guys!

Thank you!

[New-born baby]

I have been looking for a "longer investment" -- one that I would hold for about 2 - 12 weeks.

I have come up with PCCC and ROCM. It seems that both charts are in an uptrend and folks who bought "more" on any dips have been rewarded.

Another thing that I like about both of the companies is that they just reported a few days ago. No, there should not be any "earning warnings" that would serverly influence the stock price.

Anyone care to comment on what they think about these two? I would epsecially like to hear from all of the technical guys!

Thank you!

PCCC: has been so very hot these last six months. Looks to me like she's currently in an ABC correction (fuzzy "c" correction ). I am bullish on it when she takes out the $15.33 resistance. Relatively minor support is currently at $14.39. You'd have to pull back all the way to $12.50 for any really significant support. Too early and too late to enter: too early because the correction isn't over; too late because the run is already six months old. My view: wait for the $12.50 entry.

[New-born baby]

Rocm

I have been looking for a "longer investment" -- one that I would hold for about 2 - 12 weeks.

I have come up with PCCC and ROCM. It seems that both charts are in an uptrend and folks who bought "more" on any dips have been rewarded.

Another thing that I like about both of the companies is that they just reported a few days ago. No, there should not be any "earning warnings" that would serverly influence the stock price.

Anyone care to comment on what they think about these two? I would epsecially like to hear from all of the technical guys!

Thank you!

Sure has a bullish chart. No question about it: ROCM has been charging ahead. Volume this week has been spectaculary high; yet the price ended the week almost exactly where it started. Somebody with a lot of shares has really been dumping them this week. This week's wick suggests topping action. I like the stock at a $12.52 entry.

[mystiky]

PCCC and ROCM

Newborn -- thanks for your replies on both! You make very good and logical sense. But of course I have a few follow-ups on both.

PCCC - You said it needs to take out 15.33. Looking at the chart from the past week, I see that it closed on January 23 & 24 above that price. Isn't the real resistance at around 16.30 - 16.80 area for the next leg up?

ROCM - Agreed that there has been some resistance at the 15.20 - 15.50 area. But longer term, don't you think that although someone is "selling" at those prices that someone is buying and based on the previous month charts that there was kind of a same thing happening around the 12.70 resistance and then 12.70 became the support? Then 14 was resistance and now is the support? I am thinking the same trend will continue when 15.50 is finally broken.

As far as the "increased" volume on both this week, it's because they both reported a few days ago and I am sure that some are taking profits. Also, both stocks have a float of only around 8 million, so the moves in these stocks are not for the faint-hearted.

[New-born baby]

Newborn -- thanks for your replies on both! You make very good and logical sense. But of course I have a few follow-ups on both.

PCCC - You said it needs to take out 15.33. Looking at the chart from the past week, I see that it closed on January 23 & 24 above that price. Isn't the real resistance at around 16.30 - 16.80 area for the next leg up?

ROCM - Agreed that there has been some resistance at the 15.20 - 15.50 area. But longer term, don't you think that although someone is "selling" at those prices that someone is buying and based on the previous month charts that there was kind of a same thing happening around the 12.70 resistance and then 12.70 became the support? Then 14 was resistance and now is the support? I am thinking the same trend will continue when 15.50 is finally broken.

As far as the "increased" volume on both this week, it's because they both reported a few days ago and I am sure that some are taking profits. Also, both stocks have a float of only around 8 million, so the moves in these stocks are not for the faint-hearted.

ROCM: has reached PnF price target of $7.25. All the rest has been gravy. Will it continue to run? The chart has no identifiable target at this time. This week's wick is a topping wick. Can it pullback and take out this week's highs? Maybe. Maybe not. The chart won't tell me at this time. RSI has been overbought for four months. That run is getting a little long in the tooth, imho. Yes, it's possible that she pulls back to $12.50 and then runs up a 5th wave to $16-17. Possible. More likely, imho, is that you have seen the top due to an "earnings run," and now the excitement is over. She pulls back.

[New-born baby]

Newborn -- thanks for your replies on both! You make very good and logical sense. But of course I have a few follow-ups on both.

PCCC - You said it needs to take out 15.33. Looking at the chart from the past week, I see that it closed on January 23 & 24 above that price. Isn't the real resistance at around 16.30 - 16.80 area for the next leg up?

ROCM - Agreed that there has been some resistance at the 15.20 - 15.50 area. But longer term, don't you think that although someone is "selling" at those prices that someone is buying and based on the previous month charts that there was kind of a same thing happening around the 12.70 resistance and then 12.70 became the support? Then 14 was resistance and now is the support? I am thinking the same trend will continue when 15.50 is finally broken.

As far as the "increased" volume on both this week, it's because they both reported a few days ago and I am sure that some are taking profits. Also, both stocks have a float of only around 8 million, so the moves in these stocks are not for the faint-hearted.

PCCC: $15.33 is the confluence of 12 resistance points. IF PCCC takes out these, they become support. But right now PCCC is South of these fib retracements & eod prices. PCCC has minor resistance at $17.02 and nothing North of that line. The real chore will be to bust the major resistance at $15.33. IF PCCC busts the real resistance at $15.33, I think the rest will be relatively easy for the stock to move up.