Price action breaking out of a year long descending wedge, filling the gap, heavy volume, Morning doji star pattern. This is looking like a good buy for tomorrow morning.
Descending wedge breakout:
(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=13537;image)
Filling the gap along with a Morning Doji star candlestick pattern:
(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=13538;image)
(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=13534;image)
Morning Doji Star
Significance: bullish
Indication: reversal
# of candles: 3
Previous Trend: Bearish
The Morning Doji Star pattern is characterizes by 3 candles. The fisrt day is a long black candle reinforcing the already bearish downtrend. The second is gaps down and forms a doji candle, indicating confusion in the market and a reversal could be upon us. And finally the 3rd day forms a white candle whose closing price pushes well into the real body of the first black day that occurred in this pattern. A gap up on the 3rd day is preferred for an ideal bullish Morning Star pattern though is not required. Confirmation of this pattern is provided by a higher close on the 4th day.
Note: Candlestick reversal patterns are significantly more potent when occuring near areas of support and resistence.
News: Company is also having a webcase on Jan 24th.......
Axcelis Secures Key Technology Win for New High Dose Optima Implanter; Latest Tool...
Wed Jan 11, 2006 8:02 AM ET
Axcelis Secures Key Technology Win for New High Dose Optima Implanter; Latest Tool in Optima Family Recognized for Precision, Spot Beam Optics and Applications Coverage
BEVERLY, Mass.--(Business Wire)--Jan. 11, 2006--
Axcelis Technologies, Inc. (NASDAQ: ACLS) has won an
order for its new Optima HD high dose ion implanter. The order
reflects the growing market acceptance that Axcelis' Optima technology
platform is experiencing around the globe.
"The Optima is the only implant platform designed expressly to
address the industry's full range of implant applications that exist
today and for those emerging at the 65nm technology node and below,"
said Mary Puma, chairman and CEO of Axcelis. "With this initial Optima
HD order, we're seeing customers validate the second phase in the
rollout of our platform. They are excited by the alternative that the
Optima HD offers versus tools available on the market today. Its
acceptance follows on the heels of our Optima MD tool, which is
becoming a top choice for a growing base of mid dose implant
customers."
Designed for simplicity and cost effectiveness, the Optima
platform of implanters provides complete, extendible applications
coverage, giving users maximum flexibility and capital efficiency.
Axcelis' Optima HD, a low energy, high dose tool, provides the most
precise implant capability for source/drain, source/drain extension
and poly-doping transistor-forming applications through the use of
superior spot beam optics. The Optima HD will be formally launched
during a live Webcast on January 24th.
Webcast Details
Axcelis will host a Webcast on January 24, 2006 at 10:00 a.m. ET
to discuss the Optima HD introduction. The live presentation will be
accessible through Axcelis' home page at www.axcelis.com. Prior to the
start of the Webcast, please access the presentation feed by clicking
on "Investors" and "Events" and click on the appropriate icon.
For audio only and to participate in the Q&A, dial 1-888-569-5033
(1-719-457-2653 outside North America). Participants calling into the
conference call will be requested to provide the company name: Axcelis
Technologies and the conference leader: James Kawski. A telephone
replay will be available from 8:00 p.m. ET on January 24, 2006 until
11:59 p.m. ET on January 31, 2006. Dial 1-888-203-1112 (1-719-457-0820
outside North America) and enter conference ID code #7335204. A
Webcast replay will be available from 8:00 p.m. ET on January 24, 2006
until 5:00 p.m. ET on February 24, 2006.
-fousc
Solid close.
This set up just got even better :D 3 white soldiers candlestick pattern.
3 White Soldiers
Significance: bullish
Indication: reversal/momentum
# of candles: 3
Previous Trend: N/A
The 3 White Soldiers pattern can be appear in all instances of the market. The prior trend to this pattern need not be bullish, bearish, or neutral for this pattern to be valid. 3 White Soldiers indicate extreme momentum in the market and indicates higher prices ahead. The pattern is characterized by 3 long white candles with the opening of each candle within the real body of the prior candle, or very close to within it. The closing price of the of all 3 candles are either at the high of the day or very close.
Note: Candlestick reversal patterns are significantly more potent when occuring near areas of support and resistence.
The market loved those 3 soldiers ;)
;) Nice call and good chart work...will look to enter on pullbacks..
Great pick fousc...
Your analysis of the 3 white soldiers persuaded me to buy in at 5.38....
Where do you see it going from here. I see the new target is $10.
Great job!
aix
MoneyFlow Inflow has been up big in ACLS
http://smcurl.com/GrMUZ
Nice rally today and still looking bullish. Good luck to Wrangler who chose this for the contest.
Quote from: aix on January 19, 2006, 07:09:38 PM
Great pick fousc...
Your analysis of the 3 white soldiers persuaded me to buy in at 5.38....
Where do you see it going from here. I see the new target is $10.
Great job!
aix
Hey Aix, if i were a psychic i would say it is going to $10 to boost your confidence.... But im no psychic ;) i see no technical target for this one. just some resistence areas around 6.80, 7.60, and 8.00. Good luck on your trade.
-fous
fous and aix,
Nice going on this one. Applauds.
Quote from: aix on January 19, 2006, 07:09:38 PM
I see the new target is $10.
How did you choose $10? Interesting number.
Quote from: fous on January 24, 2006, 11:33:30 PM
iif i were a psychic i would say it is going to $10 to boost your confidence.... But im no psychic ;)
Well, maybe you and aix both are psychics, and having WW premonitions. ;D
Looks like this might be a nice buy on a pullback to the gap and the 200DMA at 5.87-5.93, if we get it.
But watch yesterday's doji star - could signal the next leg as the last one did (perhaps not as reliable as the previous candle is not very long, but still).
Could also be a fake-out of the flag in continuation. I really like the look of this one, and may get in if it is looking strong, otherwise will aim for an entry around 6.01
Quote from: Melf Elf on January 31, 2006, 03:16:12 AM
Looks like this might be a nice buy on a pullback to the gap and the 200DMA at 5.87-5.93, if we get it.
After putting in a Bear Flag, ACLS has been pulling back to 5.87-5.93. Friday's low was 6.05.
Quote from: ScottishTrader on January 31, 2006, 06:13:55 AM
I really like the look of this one, and may get in if it is looking strong, otherwise will aim for an entry around 6.01
Scotsman,
Hmm-mm...the Bear Flag target IN PLAY is
6.02.If it's
really, really bullish, it won't fill the gap.
My biggest concern about getting long ACLS is the fact that, like QTWW, it got smacked entering the Kumo (Cloud) the week before last, put in a Bearish Doji Star Hangman that week, then this week, it put in a Black Candle that gives the last three weeks the look of a Bearish Evening Star. This week's close wasn't 50% below the close of the big white candle, though.
??? ??? ???
I'm thinking that maybe it will come down and tag the Tenkan-Sen at 5.77 for a gap filler, and bounce off there. (See chart, next post).
I don't like the 5.05 stop on the last chart. Too much risk for me, but I like a "logical stop."
Maybe 5.34, the high before the breakout, or 5.50, the Kijun-Sen.
??? ??? ???
I'll have to give it some more thought. I like the fact that an analyst upgraded ACLS to 10.00 (10.50?), which is up where the Wolfe Wave #6 target is.
Quote from: Melf Elf on February 05, 2006, 03:23:58 PM
Looks like this might be a nice buy on a pullback to the gap and the 200DMA at 5.87-5.93, if we get it.
I decided to buy it at 5.91, the 200DMA. Didn't get it. >:(
Quote
If it's really, really bullish, it won't fill the gap.
It's
really, really bullish. ACLS didn't fill the gap, and it's up 21% this morning, to 7.69.
This was my pick on the contest and see this stock making new high's.
Axcelis Technologies (ACLS:Nasdaq - commentary - research - Cramer's Take) also posted fourth-quarter results that came in ahead of expectations, sending shares up 23%. The maker of semiconductor processing equipment reported a loss of $1.3 million, or 1 cent a share, compared with a year-earlier profit of $7 million, or 7 cents a share. Excluding restructuring costs of $1.7 million, or 2 cents a share, the company would have earned a penny a share during the latest quarter. Wall Street expected a loss of 3 cents a share. The company's sales fell to $92.9 million from $94.5 million, but beat analysts' forecast of $90 million.
Looking ahead, Axcelis Technologies sees first-quarter sales of $90 million to $100 million. Analysts project sales of $90.4 million. Shares were trading up $1.46 to $7.82.
Quote from: wrangler on February 12, 2006, 01:55:11 PM
This was my pick on the contest and see this stock making new high's.
That's great, wrangler! Applause. I didn't get the price that I wanted. I'm glad that you had it.
I'm a newbie at these Wolfe Waves that Calven has been teaching us in the Wolfe Wave folder on the Technical Analysis Board, so I'm interested to see if ACLS can make it to the target at Wave #6, which is at about 9.74 for today, February 13. The target line rises about a penny each day.
Good luck with the contest.
Quote from: Melf Elf on May 20, 2006, 04:56:57 PM
G.,
After the wicked drubbing we've had in the market, and things breaking support in general (like the QQQQ), I'm looking for stocks that found support during the beating, and ACLS qualifies.
ACLS was a "fous" pick, and I noticed that it was a Bullish Wolfe Wave, although I don't have a lot of experience with Wolfe Waves. Some of them have worked out well, though.
Here's that chart, which has a brief explanation of a Wolfe Wave, and the target line, which points to about $10. Back in January or February, an analyst upgraded ACLS to $10. It's in one of the folders, I think, on a Search.
I'll post a close-up chart next.
Quote from: Melf Elf on May 20, 2006, 05:35:53 PM
This chart on ACLS zeroes in on what happened after the Bullish Wolfe Wave Breakout:
1. Four days after it broke out of the Bullish Wolfe Wave, it had a nice gap up, then a little Bear Flag consolidation that I hoped would fill the gap, so that I could buy. It didn't, and I missed it.
(I still want a "Curses!" face on the toolbar). ;D >:D
2. It gapped up on February 9 on good earnings, had a strong day, and continued to 8.20. I don't know why it sold off so much from there.
3. After a fairly lengthy selloff that ended in a Bullish Fallish Wedge (pattern in purple), ACLS broke out it on May 4, then gapped higher on May 5 on a good response to earnings (do an ACLS search and read Perfect Sage's comments on earnings...I owe him an applause for that).
4. Gaps can be a pain in the you-know-what because they often get filled, as this earnings gap did in the recent general market Smackdown. But, now all of the gaps are filled.
5. I very much like the fact that ACLS put in a low on a Bullish Hammer at its 50DMA on Wednesday, ahead of the rest of the market. The 50DMA is above the 200DMA, so that's "good to go," along with the gap fills.
6. Basis the weekly chart, ACLS looks like it's putting in an Inverse H&S pattern, with a slightly rising neckline (I'll post that next, with the Ichimoku Kinko Hyo chart).
7. The Ichimoku Kinko Hyo chart looks to be shaping up nicely, which I'll explain in the next post .
8. MACD is above its signal line and above zero, and it kicked higher off the signal line on Friday (I'll post that chart after the Ichimoku).
Summary:
ACLS closed at 6.49. The "logical stop" would be below Wednesday's Bullish Hammer, which was 6.03. I'd use something right under the round 6.00, like 5.99...5.98...5.97 to give it some intraday "wiggle room."
On a 6.49...6.50 entry with, say a 5.98 stop, that's a risk of a loss of 8%. I'm not sure that I want to be that generous. I sold all of my long postions last Monday morning save one (posted in various folders...QQQQ...AAPL...FLWS...CHK...CPST), and I sold the remaining long on Tuesday. But, I'm trying to be open minded.
;D
I might buy ACLS on a pullback to the top of Wednesday's Bullish Hammer low (EDIT: I meant high), which was 6.34. Say, the high 6.30s.
I'm still ticked off at our IMOS. That stock looked WONDERFUL, both technically and fundamentally. It not only busted the 7.20 stop, it went to 6.13 on Friday. Yeeesh!! It recovered, though, and closed green.
Okay, on to the next charts...
Quote from: Melf Elf on May 20, 2006, 05:49:17 PM
For those unfamiliar with Ichimoku Kinko Hyo, don't be intimidated. It's very simple, really. It shows you "at a glance...the table of balance."
Is the stock above or below the Kumo (Cloud)? That's the vertical lines.
We can see "at a glance" that for a long time, ACLS was below the Kumo (Cloud), so the trend was bearish.
On February earnings, ACLS went above the Kumo (Cloud), and since then, has been consolidating with it. On May earnings, ACLS went above the Kumo (Cloud) again, and now is at the top of it, on a weekly Bullish Hammer (needs upside follow-through).
The "possible" Inverse H&S with up sloping neckine is circled in blue.
UPDATE ON CHART: ;D
Just saw a Block trade in ACLS
net price neutral
Volume at least 100,000(currently still lower than yesterday's)
So far, it's trading at least 25 cents above the open
Just waiting for planets to align (looking for an uptrend in multiple timeframes)
Set my alert at 7.86 (High of Hourly Doji)
"ACLS" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders. ;D
All history on a stock pick in 1 thread is awesome. ;)
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock. :( ::)
Thank You....and good luck with all your trades....make some $$$ ;) ;D
I will leave you with Friday's closing chart while I'm in this thread.......
52wk Range: 4.47 - 8.44
Volume: 1,263,912
Avg Vol (3m): 1,509,980
Market Cap: 480.99M
P/E (ttm): 13.53
EPS (ttm): 0.35
Technicals
Last Price Quote is:
-1.65%below 13-day MA
-13.12%below 50-day MA
RS Rating: 9
Fundamentals
Key Data:
Market Cap (M): $481.00
P/E Ratio: 13.52
PEG Ratio: 1.94964
Next Earnings: 11/07/2007
Last Analyst Rating: Equal-weight