Here are a few stocks I'm watching right now. All my research is done purely through TA. That way I can make my money and run without getting attached to a company.
First up is NHYF - Everything is trending up. MACD, MACD histogram, OBV, RSI, slow and fast stochastics,CMF, Williams %R. Today it finally closed above all MA's. It closed very strong as well. Formed a new HOD within 10 minutes of close and closed close to it. Next resistance points are .14 and .25 which are previous highs.
MIVT - Trending up in price for a few days on low volume. Yesterday and today had similar volume. Today it spiked 31% in price however which leads me to believe that the bulls have much more control now considering the volume compared to yesterday. The spike closed the price above all MA's except the 200 day which is above 1.00. Current price is .84. Again, many if not all of the technical indicators are trending up and don't appear maxed. The spike also marks a breakout from the nearly year long downtrend. We'll see if the trend is reversed by watching the next few days.
The last one I'll detail is ADVC
This is similar to MIVT in that it spiked and broke several MA's as well as a breakout from the long term downtrend. This is much more of a sudden spike in volume/price so all the indicators have spiked. Hard to tell where it's going. Problem is there is plenty of immediate resistance from the MA's. Should note how long it has been since the RSI has come up to 50 from below. Slow/fast stochs and %R have been bottomed for a while now as well. MACD histogram positive for the first time since March as well.
IMO NHYF is the strongest, MIVT 2nd then ADVC. I'm also watching UDTT, PAPO, STG, and THM. I would have listed PAPO because it looks strong but could be ready for a breather. Closed outside of the bolls, slow/fast/%R are way up there, and the RSI is green above 90 where it doesn't have a history of staying for very long.
The other plays need to show more confirmation to me in my book. What do you all think these plays will do? Criticism welcome. Thanks. Matt
Posts: 1504 | Registered: Sep 2004
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In order to battle what just happened with your 3 charts, you need to save your charts to your hard drive - I take a screen shot of the chart, save it in adobe, crop out the background, etc...
Then go to imageshack.us (it's free) and upload your photo - get the url and then use that to post your chart to the net. It takes 3 minutes to do tops
Posts: 817 | From: Florida | Registered: Feb 2006
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