Hot Pick Of The Day

[Gwhiz]

ninner,
Im long IaaC @ $25 yesterday.
Most likely in for the long term.
What's your target?

[ninner]

Iaac

im in since 20 and change, personally i think its going to consolidate for awhile yet but i think it may be forming an ascending triangle...in which i think a target of around 35 short term may be in the cards.....do u have any predictions gwiz.

[New-born baby]

ninner,
Im long IaaC @ $25 yesterday.
Most likely in for the long term.
What's your target?

Several charts on IAAC to follow. Take a gander, will ya?

IAAC:Look at the 10 yr. monthly chart: huge cup and breakout, but now up against long term resistance. I am thinking that perhaps IAAC will make a double top here. Perhaps.


IAAC Weekly: excellent support at $24; needs to take out $28 to move into $36 range; PnF likes it to $36

[ninner]

true enuff!! that makes the possible breakout in the months ahead more exciting....it will make all time highs....from what i know about resistance levels....they arent as strong as time passes..

[New-born baby]

true enuff!! that makes the possible breakout in the months ahead more exciting....it will make all time highs....from what i know about resistance levels....they arent as strong as time passes..

But support is very strong even as time passes. GM made a ten year double bottom this year and that proved unbreakable.

[ninner]

true enough....im still learning about resistance and support levels...i know it has been supported quite well by its fib levels..which i found quite positive.

[New-born baby]

Inft

INFtnce was a $100 stock . . . had a nice double bottom recently at $3.85. Just had a bearish 50/200 day death cross; even with big move Friday still below 50 day; gapped down a couple of months ago and that gap has been the basis of resistance ever since; has been making lower highs since that gap down. All of these tell me that INFY is still a bearish stock until she can clear $4.35. Lots of resistance points overhead. Certainly a "wait and see" type chart (at least for me).

And then look at this, too:

[New-born baby]

Infy

INFY: this stock is running in the bull ring; should be good to at least $52; PnF likes it to $62; sitting very close to some strong resistance at $47.40 (current price $47.2. If you look at the monthly INFY busted out of a cup with beautiful handle and has a nice $70 target off of the monthly for a long term hold. Nice chart

[New-born baby]

Pspt

PSPT: Looks extended; if I wanted this one it would be an enter at $19 with stops under it. I myself think she may top near here . . . but what do I know? PnF thinks she can run to $28 (remember, PnF thought PEIX would run to $63; got shot down at $47).

[New-born baby]

Hifn

New Born,
wonder if you could post a chart on HIFN?
Thanks.

HIFN: still under heavy selling pressure. Note the breakout above resistance, and the next day the bears ripped it again to push it down below support (which has now turned into resistance). It has massive--and I can't say this enough--massive resistance at $5.29. That should prove to be a pivotal point. If it can finally bust that resistance, then it becomes support.

[New-born baby]

hey NB what are your feelings on RSTI..another one to hit my radar...im busy with IAAC and QSII at the moment but u have to keep the watch lists updated and i believe this one is for that.

cheers

RSTI: yeah, if RSTI busts $62.50 it looks extra good Good enough for a $12 pop perhaps. I like this one a lot.

[Runner]

NB, how ya doing?? Oil long or short??

[ninner]

xprsa

hey newborn...i was looking at the chart of xprsa...is that a huge ascending triangle that is forming ..or am i mistaken?????

[AaronR]

sorry to butt in here but xprsa kinda looks like tqnt's chart 10 days ago

[New-born baby]

NB, how ya doing?? Oil long or short??

I just read an Elliott waver who said that oil is going to take another wave down yet. You know the discipline: do you agree?