Spike's Scientific Stock Analysis

[spikefader]

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[Peter Hansen]

Spike TWTC Looks Like A Buy Point?

Spike the TWTC chart appears to be nice .....What's your opinion on this one ?

Thanx Pete

[spikefader]

Spike the TWTC chart appears to be nice .....What's your opinion on this one ?

Thanx Pete

Hey Peter.
Yep, it is a nice one worth stalking. Monthly resistance at 19.50, and intraday double top today. 14.88 would be worth 2% risk I think. Otherwise stalk it for a channel long day or chase the next channel turn up if you're really aggressive.



Thnx fer the heads up

[DSteckler]

The secondary priced at $14.62. Look for the current price to drift back towards this.

[New-born baby]

Cnq

Spike, Dave, anybody!

What is your view of CNQ?

[Runner]

NB, I would not short the energies here. The red line on the chart shows the sub sector. Notice how it is near the upper range. I’d be careful shorting energy right now. IMO
I personally think a pop might be coming..

[DSteckler]

Spike, Dave, anybody!

What is your view of CNQ?

NB, you have to respect the broken support line. If the former resistance line gets taken out then you can start looking long again, but until that time, think short.

[Runner]

Dave, would you agree with this chart of CNQ? Would you short this stock if so what would your target be?

[TFred]

Greetings,

Could some of you with alot more chart reading skill give aread on this?



The nice entry around $10 looks sweet,but is this tradable?Or wait for some pattern to emerge?It appears to me to be a bullish bias,am I way off?Any input is always appreciated.

cordially Tom

[DSteckler]

Dave, would you agree with this chart of CNQ? Would you short this stock if so what would your target be?

If the symmetrical triangle breaks through support, look for an initial target around 47.

[DSteckler]

Greetings,

Could some of you with alot more chart reading skill give aread on this?



The nice entry around $10 looks sweet,but is this tradable?Or wait for some pattern to emerge?It appears to me to be a bullish bias,am I way off?Any input is always appreciated.

cordially Tom

The bias is lower, Tom. Using the 2/10 high and last week's low, CNTF retraced 38.2% higher and stalled. That's bearish. The stall occurred below the 50 and 200DMAs; that's also bearish.

[Runner]

Dave, I find CNQ interesting and so have given it further study. It put in a high at point (A). Then falls to point (B swing Low). The blue circle represents real lose action on behalf of the buyers and sellers this has tightened since. It fails to take out High (A) and so this is a lower high (C). Notice though that it fails to make a lower low (D). I guess I’m neutral on CNQ and depending on the time frame your trading it may move either way. Interesting chart this is!!

[DSteckler]

<< Notice though that it fails to make a lower low (D). >>

True, but that remains to be seen, Runner. Until the E high is taken out, the potential exists for a lower low than D.

That notwithstanding, the overall trend YTD has been higher and a symmetrical triangle is a consolidation pattern. I can see a test of the B low that holds, and then CNQ working its way higher.

[TFred]

The bias is lower, Tom. Using the 2/10 high and last week's low, CNTF retraced 38.2% higher and stalled. That's bearish. The stall occurred below the 50 and 200DMAs; that's also bearish.

Greetings,

Thanks Dave,some patterns I can read,but the choppiness with the booming days left me without a clue.I see what you're talking about with its running out of ''juice'' at lower price.

cordially Tom

[Runner]

<< Notice though that it fails to make a lower low (D). >>

True, but that remains to be seen, Runner. Until the E high is taken out, the potential exists for a lower low than D.

That notwithstanding, the overall trend YTD has been higher and a symmetrical triangle is a consolidation pattern. I can see a test of the B low that holds, and then CNQ working its way higher.

I agree with that Dave.