Spike's Scientific Stock Analysis

[Runner]

I’m cautious of this close with SIRI.

[Websman]

I hate to say it, but SIRI is looking a little weak, considering the good news. It's looking to me like there may be a gap fill tomorrow. Most of the big action was pre-market.

I'm with runner. I'm going to be cautious.

[spikefader]

Spike,

I'm looking at zica and it looks like it is in wave 3. Any thoughts?

Previous post on ZICA here. Now I see it is likely in the tail end of a 5th. Today's thoughts. Chasing now and missed it.

Upper channel is 9.57 which is where longs should target.

[Websman]

I hate to say it, but SIRI is looking a little weak, considering the good news. It's looking to me like there may be a gap fill tomorrow. Most of the big action was pre-market.

I'm with runner. I'm going to be cautious.

It looks like we got our gap fill right before the close.

[spikefader]

I'm holding my SIRI long and leaving emotion out of it. Nothing in the chart warning me to exit, so I'll leave emotion out of it.
Actually, if anyone is looking for an entry now, I just posted this. Bargain prices down here at double bottom formation near S2s.

[Websman]

I'm holding my SIRI long and leaving emotion out of it. Nothing in the chart warning me to exit, so I'll leave emotion out of it.
Actually, if anyone is looking for an entry now, I just posted this. Bargain prices down here at double bottom formation near S2s.

Thankyou for the confidence in SIRI my unemotional brother. Are you sure you're not a Vulcan?

I'm still holding!

[spikefader]

Thankyou for the confidence in SIRI my unemotional brother. Are you sure you're not a Vulcan?

I'm still holding!

LOL
Actually, it's a channel long day today!

[Runner]

Hello Spike, I was wondering if you even use the BB bands? Being somewhat new to this investing world I’m still trying to find my nitch. I read the info on BB bands on stockcharts and it seems like a pretty good indicator. I am beginning to learn the channel long day Spike.. I did not mean to set off any alarms yesterday on SIRI. I was seeing a possible evening star forming that suggested to me a possible pull back coming.

Looking at DHB @ 50% retrace or around 17.85, not sure if it will back off that much though.

[Thomrich]

Greetings Spike,
Whats your take on INCX?Looks to me that its retraced to 38% and also to gap support.

Nice move today could be a whisper of a channel turn-up?
Being a recent IPO does that change your strategy?

cordially Tom

[dmk112]

Spike,

Can you point out where a good entry point is for DHB?

[spikefader]

Hello Spike, I was wondering if you even use the BB bands? Being somewhat new to this investing world I’m still trying to find my nitch. I read the info on BB bands on stockcharts and it seems like a pretty good indicator. I am beginning to learn the channel long day Spike.. I did not mean to set off any alarms yesterday on SIRI. I was seeing a possible evening star forming that suggested to me a possible pull back coming.

Looking at DHB @ 50% retrace or around 17.85, not sure if it will back off that much though.

I do watch bbands on an hourly chart to watch reactions at bband touches or penetrations, but I don't trade them with stocks. I have a swing system using them with futures, but that's a different world.

Yes, the channel long day is a good signal. But like all signals, they are not infallable. Which is why you need an exit plan with all systems.

SIRI, I didn't hear any alarms I'm sticking with my plan and win or lose I'll be happy that I stuck with it. I'm holding long and viewing the drop as a good buying opportunity. If things change and over the next couple days there is a channel turn down, then I'll do what I intended from the start and use that as a reason to exit. Otherwise, I'll let it run and give whatever it wants to give, and target an upper channel.

[spikefader]

Greetings Spike,
Whats your take on INCX?Looks to me that its retraced to 38% and also to gap support.

Nice move today could be a whisper of a channel turn-up?
Being a recent IPO does that change your strategy?

cordially Tom

IPOs don't change the strategy, although there's less data to look at and therefore moves can be more volatile. But that can be a good thing
INCX, I'm neutral on until it gives a channel long day.

[noshadyldy]

Heads up...err... I mean down

check out reverse head and shoulders on 4 month chart of CPN. Looks good to me. Set me straight if I'm all wet on this, though.

[spikefader]

Spike,

Can you point out where a good entry point is for DHB?

Today's pivot at 19.72 looks good to me. Current prices are good on the daily - here's what I see.

[spikefader]

check out reverse head and shoulders on 4 month chart of CPN. Looks good to me. Set me straight if I'm all wet on this, though.

Yep, looks like one to me. Targets 5.92 should the neckline break. 3.78 entry gap fill would be good. Stop is tricky though....
Remember, if it's a big SHS then entry becomes even more critical. Just because the neckline breaks, doesn't mean it will immediately run for the target. It might jump around a bit, so entry is still critical.