Spike's Scientific Stock Analysis

[spikefader]

Seems like the stock is making new highs on huge volume...
Any models now that 16.88 has been broken?
Thanks!

Seems the channel short Thursday was busted. Neutral on it for now.

[spikefader]

Spike,
Does INGP look promising to you? Big news today and it's trading rather low compared with recent days.Thanks

billyjoe

Channel long on Friday with small expansion. I think it's a great long opportunity.

[spikefader]

What do the charts of UBET and ALDA say right now? Both have been bouncing during this downturn, but are up solidly at the end (if you consider today; "the end").

Hey Iggy. UBET acting bullish with the weekly channel turn up from the 6.50 high, but I'd be waiting for a channel long day with this one. There was one back at the 5.64 low. I suppose you could wait for the channel turn up from 6.50 this week, and take the closing price or the pivot the next day. Where it is, there is always the risk of a double top, so don't let it get away from you.
ALDA: you missed a nice channel long at April 18. Daily channel turn up this morning. If it closes like that, take the closing price or tomorrow's intraday pivot.

[spikefader]

Spike,

What's your take on CME?

Regards,
Stocks

That weekly channel long in Feb has been broken and it's slipping. Absolutely nothing bullish about it right now. Until a decent channel support play, this could slip quite a ways. BUT there is a potential C long entry pattern forming now on the weekly. Very easy to see that one. Simple 12345abc correction. 158.00 is near the lower declining channel....where short profit taking occurs. So should it hit that, there's your long opp for the anticipated c entry.

[spikefader]

Thanks Spike,

OWENQ got in at 4.20 will stop at 3.90.
RELV got in at 10.00 will set stop at 9.20
LUFK missed my boat

Bill

in case you want to reenter:

[spikefader]

This is the entry you should have been in ambush for: Channel long, S2 entry.

[b_critical]

Sold OWENQ at 3.95 reentered at 3.54 hope it holds..... stop at 3.35.

[RL]

Spike glad to see you chose ZICA I've been holding since $6.58 do you feel It could make It back. Also what Is your take on the market today just a one day rally or Investments In stocks with earnings.

[b_critical]

I am in with you Spike on ZICA made some money on that one a awhile back and got stopped out during its pull back been waiting to re-enter I am in at 3.08.

[b_critical]

LUFK pulling back maybe a buy at 30.45 support?

[b_critical]

Grabbed up LUFK @30.00 stop at 28.75 was it a good entry point?

[spikefader]

I am in with you Spike on ZICA made some money on that one a awhile back and got stopped out during its pull back been waiting to re-enter I am in at 3.08.

Good luck! There is a 12 month daily chart channel long that could give it some steam, but Friday's low must hold for me to remain confident. The weekly still hasn't generated a channel long, but it's down near solid price support I think.

[jiesen]

Sold OWENQ at 3.95 reentered at 3.54 hope it holds..... stop at 3.35.

nice move! you know, of course, that "hope is not a strategy" but you can't argue with success. 3.54 was just pennies from the bottom today.

[spikefader]

Spike glad to see you chose ZICA I've been holding since $6.58 do you feel It could make It back. Also what Is your take on the market today just a one day rally or Investments In stocks with earnings.

Yep, could. It is a valid long setup. If it does move up, I'd expect 5.50 at least (50% retrace of the move down).

My take on the market today, I think it might be more than a 1 day rally. I'm bullish for tomorrow.

[spikefader]

Grabbed up LUFK @30.00 stop at 28.75 was it a good entry point?

Yep, very nice spot that. Channel long today (expanding so caution and I'd recommend 28.75 hard stop). Seems like you caught it as it formed the head of inverted SHS. Well done. Do that every time and you'll be a legend