This stock formed a Doji-Star,possible near term bottom with nice upside potential.
Chart
Well the Doji-Star the other day failed to bring confirmation but today was saved by late news of a contract.I added a 2 year chart with a few notes.
Not much interest,but a few Bullish signs under the hood here
Volume is much too low here. I like stocks with at least 100,000 average volume. In fact, that's one of the rules for the contest, which I highly agree with.
Leaira
More news today,and yes the volume is picking up today.Good potential to see more upside if this continues.Chart tested the low of 1.39 area twice and held..
Interesting finish today,most notably the increase in volume thanks to favorable news.Looking forward to some follow through today.
Breakout fell victim to a throwback into the declining wedge.Lost support at 1.39 and since has been searching for the next support level which in the last few days looks to be 1.31.Early signs this morning of a Bullish Engulfing Candlestick,will need to close today above 1.39 for that to materialize.If this level can't hold look out below..
Very bloody chart since the last update.News suggests some unstability with the delayed 2nd qt report and the departure of the CEO&COO.The company did announce Clifton W. Sink as the new President and CEO.A look at the most recent form 144's one could surmise that part of this implosion could be from the exercising of options at the conversion price of .55,whatever the case the chart finished today with another Bullish Candlestick formation with a Tweezer Bottom.SCLD will have its work cut out for them to get this back in good stead..
50k insider P transaction last week.This disaster is back to where it was in 2001.
Volume up,stochastics positive on the weekly and daily.Been brutally oversold for months ???
Showing an effort this morning,had a volume spike the other day..
Up again on early volume,currently surpassing the 50 dma
Current run rate on the volume is pretty strong,looks like it'll exceed the volume on 10/17
Didn't see many sellers this morning,ROC indicator pointing vertical
I like the way this chart is taking form,looks like another wave up..possibly an extended one
SCLD reporting earnings tomorrow,if all goes to plan I have a pretty nice near term target projection but Im going to wait and see for now.. 8)
Traded over the previous 1.14 high intraday,1.89 & 2.58 are two possible targets that I have projected if this is the extended wave.Still too early to call but so far its heading up in the right direction.
50sma coming up to meet the 200sma.The turnaround plan seems to be working out..
Nice move this morning,we know its not just the news today ;)
Another contract yesterday and a small insider purchase at 1.20 on the 18th of Jan.
More insider buying showing up..
www.insidercow.com
still making progress,price breakout on the 60 min chart today
The failure to reach the previous targeted goal of around 1.89 mark has lead me to revert to my best alternate count.This pattern hasn't been the easiest one for me to figure out but for now I'm going with an upward A,B,C.
News this morning,co announced it has received over $1 Million in new software appliance contracts and an increasing backlog.
http://biz.yahoo.com/prnews/070502/new042.html?.v=5
Watching Scld again as it tries to grind its way higher after the crash from 1.7's. If the pattern off the low continues it might make another test between the 38 & 50% fib zone on a spike.