Spike's Scientific Stock Analysis

[grebnet]

DRAX-looks good

DRAX
Spike this came up in a screen of mine. Fundamentally looks good , technically would you wait or jump on ?

[B.J]

spikefader, could you draw your version of a channel for CMN? Here's what I have though I'm not sure about that since I'm new to that. Looks like it violated the upper channel.

I agree. It's been riding that upper channel for a while, which is why I cut my gains short.

[spikefader]

DRAX
Spike this came up in a screen of mine. Fundamentally looks good , technically would you wait or jump on ?

Yep, looks good. Here's the weekly. Anyone care to take a guess at where the C entry was?

[spikefader]

DRAX daily.

[spikefader]

spikefader, could you draw your version of a channel for CMN? Here's what I have though I'm not sure about that since I'm new to that. Looks like it violated the upper channel.

Sure.
Weekly first. Clearly a bullish chart.
I'll do a daily now.

[grebnet]

Drax

Thanks Spike ..

[spikefader]

CMN daily now.

[dmk112]

Well, DHB took off after it hit my sell stop...why am I not suprised??

[dmk112]

And wouldn't you know it. It's falling.

Oh boy...........

Oh oh, its not done yet... Is this another double top possibility?

[mooddude]

Thanks Spike! I was originally talking about the violation of upper channel by CMN as a sell signal. Makes me confused now since you suggest holding it till it nears a pink line on the weekly chart and blue on a daily one.

[spikefader]

Well, DHB took off after it hit my sell stop...why am I not suprised??

Sorry to hear that, and I'm frustrated too. The channel long just didn't work last week.

But don't get too excited about DHB. Looking at the weekly chart, there is now an expansion of the channel - so that is a warning longs, and had I not been stopped out I would be targetting the declining minor daily upper channel currently 9.56.

That channel will be a shorting opportunity and resistance. Why? The expanding weekly, the recent gap down in mid march and the unimpressive volume. You don't really want to be long this stock unless you nailed a great entry down there and have very little to risk. Why would you hold it if you were long? Potential gap fill back there, but other than that, DHB now has to do a lot of work to motive me. ce la vis !

[spikefader]

Oh oh, its not done yet... Is this another double top possibility?

Yes, you can either take the 16.40 short now or wait for HOD test, and take it there. I would recommend 16.40 now, since 16.63 price resistance has held, and it's failing now.
EDIT: this chart is one I took about 15 mins ago.

[grebnet]

You guys and your shorts.....

How about two more longs...

TEAM and UFPT
I own TEAM am down .04, thinking of adding to it
Just found UFPT , lookin for an entry.

[spikefader]

FORD: Just shorted it at 16.42. Stop over hod.
EDIT: wrong ticker.

[dmk112]

Yes, you can either take the 16.40 short now or wait for HOD test, and take it there. I would recommend 16.40 now, since 16.63 price resistance has held, and it's failing now.
EDIT: this chart is one I took about 15 mins ago.

"REJECTED CR1: Currently, there are no shares of FORD available for shorting."


Booooo!!!