Here Again

Monday Sept 22, 2014   HERE AGAIN…once we look at a few possible  “Set ups”  lining up as possible buy opportunities or we actually take a position, we always have to re-examine our positions.  Why? The Markets change daily and we  just want to  make sure that we are still in a good place.    Did I get stopped out?  If so, I like to see if the set up is broken entirely or is it possibly still setting up, maybe I was a tad early?   At this point I re-read my last report (s)…yes, some things have changed , some became STRONGER, some looking WEAKER. Overall, however, I still get excited looking at the break outs on these LONG BASES!  For the sake of time and sanity – I am just going to mention a few from the past, and try to point out a few more I like. To The Charts!

 

VIMC – Oh how I loved this base! In at $3+ and again at $5 … Posted this weekly a while back

 

VIMC WEEKLY

 

VIMC  just kept improving and I sold some near $6.40, but as it exploded higher with Strong volume , I re-bought  as it was rising above $7.00  near $7.10  (the amount that I re-bought was only 1/2 than what I had sold near $6.40) above $7  . Now what has it done?

 

 

VIMC  has still been on a tear! Its moving almost straight up , Bulls make money, Bears make money, PIGS get slaughtered. I sold 1/2 again —

I LOVE that weekly chart, but $3 to $10 and not taking some profit is just greedy. THIS WILL BE A GREAT BUY IN THE FUTURE after a sideways move/ bull flag  or pullback. Here it is as of Friday.

 

 

VIMC WKLY SEPT

 

Which leads me to OTIV, since the base looks the same as VIMCs base and Prospects seem to be  good too.  I had posted this MONTHLY of OTIV , but it did the opposite of VIMC so far. It has Popped and Pulled back. Above $4 close on a weekly and I have high hopes for a nice run.

 

OTIV MONTHLY

 

I Tweeted a low risk BUY might be here at $3.60 area  (Because it hugged this M.A. so far & you can stop out just below if it breaks down). It did break down the next day.

 

OTIV

 

So I still love the Story,  I love the long term charts, but what am I looking at now ? I realized on Thursday Morning  that OTIV can drop to $2.75  and drew this  weekly close up then

 

OTIV WKLY

 

Look on a longer term wkly as of Fridays close…looks fine and could land on the $2.75 area and be sitting on the 10 WMA as it rises

 

OTIV WKLY SEPT 19

 

 

 

HOWEVER, it dip drop to the 20sma on a daily Friday and stopped…so I am watching how it acts there too.

Notice that the 200SMA is….at $2.75 also, as the 50sma is rising there. These are things that I am watching.

 

OTIV daily sept 19

 

 Weeks ago I pointed out this  LONG BASE & POP to $12  in JRJC

 

JRJC WEEKLY

 

 

As extended as it was,  I needed to wait for a pullback . This weekly shows a couple of interesting points. The first break out from that ROUND BOTTOM in 2013 was “TESTED” with a reversal candle.  The recent break out was “Tested” with a reversal candle last week. Hmmm?

 

JRJC WEEKLY

 

So JRJC on a daily shows that MAYBE, POSSIBLY, it MIGHT BE…close to reversing here? It also could go lower (50 & 200sma below, but rising)

 

JRJC DAILY

 

I have been posting about MOBI and HPJ too…they both broke upward and are pulling back.  Very healthy if you ask me.

Since I last posted,  this past Wednesday  MOBI went from $8.50 to $10.50 in a single pop. Very Nice.

 

Mobi Sept 19

 

And ALNY was recommended Sept 11 in this bullhorn, target $85 area

 

ALNY

 

Now almost there

ALNY SEPT 19

 

 

To conclude:

 

I just want to throw up a couple  of new trade ideas  ( I haven’t studied the financials on these like some of the past ones, so your  due diligence is important. When do their earnings come out or have they?).

These are good looking set ups, and I will post weekly and a Daily chart to highlight that.

 

GLOG –  WKLY   NICE RUN UP / large consolidation ( A little wide and sloppy) , but regained the 10WMA & is VERY oversold

 

 

glog wkly

 

 GLOG DAILY    pulled back tho the 200sma, signs of life here

 

 

GLOG DAILY

 

FEYE –  I like this wkly chart  – Great volume

 

feye wkly

 

FEYE Daily – I’ve been watching this for weeks.  recently it had a Break out /  Test

 

feye daily

 

EPAM WKLY

 

epam

 

EPAM daily –  after the above weekly consolidation and going no where…

Close up daily we see a break out after  price re-gained the 200sma and 50sma. Nice volume surge.

 

EPAM DAILY

 

 

 Again, if you formed a watch-list from previous posts, this kind of shows you that most of the weekly charts still look good on many , and the daily charts are either breaking out  or still setting up, possibly even finding support after a monster pop & run  (for ex:  JRJC, DGLY, HGSH, and so on)  .

The ones that failed the most out of the previous posts were my thoughts on WEAT and CORNSolars keep looking very interesting, heating up &  then weakening again,  then they heat up, then weak.  I think this may be constructive longer term, so I remain patient on those.     Shippers have also remained dry docked, tho I mentioned some that looked intersting…I am not interested here & now.  URANIUMS  are also gaining my interest, but they have also popped and pulled back repeatedly  (Constructive for future moves possibly)

GOLD & SILVER – Be glad we weren’t trading them. They were not looking right, so I left them alone    (unless, as I mentioned in a prior report, you just bought GLL, ZSL, DUST and JDST) .  I will be examining them in the future and will write if I see anything interesting.   I would expect a bounce, but it may give it up again and $GOLD may need to test those June 2013 lows  (Silver has broken its’ lows).

 

  A 2 Charts of interest to me now –  This needs to improve soon or we may have a strong correction  I.M.O.  THIS is getting weak & ugly looking to me .

 

IWM WEEKLY

 

Yet this crazy Nasdaq  (QQQ) is strong & almost parabolic

 

qqq weekly

 

The above 2 charts (And others)  keep me cautious in the back of my mind.  As a trader, I take the set ups offered until they stop acting correctly.

Have a great trading week ahead and I will be posting more trade ideas in the coming days if things remain bullish.   Best to all!

 

~Alex

 

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9 replies
  1. deshy
    deshy says:

    Is this ‘expected’ volatility with OTIV? Sure hard to trade for those who can’t watch the screen 24/7. Would you wait here for another pullback or do you see that the recent selling was it?

    • chartfreak1
      chartfreak1 says:

      Hey Deshy,

      Thats the trouble with OTIV , it swings pretty big for a small stock and they keep releasing press releases that cause Gap Open and then it drifts back down. You could take a partial position if you could take the draw-down (to possible $2.75 is where the 50sma will be soon , or the weekly 10WMA is near there). Price doesn’t Have To go there, but I know that it could and I didnt want to recommend a stock & have people jumping in and face THAT kind of dip afterwards.
      I had purchased it in my report weeks ago when I bought VIMC, and made money on it with a partial sell , so I also took another partial add on- even while knowing that it could still dip further. The weekly chart intrigues me, as long as the markets stay healthy.

  2. deshy
    deshy says:

    Is this ‘expected’ volatility with OTIV? Sure hard to trade for those who can’t watch the screen 24/7. Would you wait here for another pullback or do you see that the recent selling was it?

    • chartfreak1
      chartfreak1 says:

      Hey Deshy,

      Thats the trouble with OTIV , it swings pretty big for a small stock and they keep releasing press releases that cause Gap Open and then it drifts back down. You could take a partial position if you could take the draw-down (to possible $2.75 is where the 50sma will be soon , or the weekly 10WMA is near there). Price doesn’t Have To go there, but I know that it could and I didnt want to recommend a stock & have people jumping in and face THAT kind of dip afterwards.
      I had purchased it in my report weeks ago when I bought VIMC, and made money on it with a partial sell , so I also took another partial add on- even while knowing that it could still dip further. The weekly chart intrigues me, as long as the markets stay healthy.

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