3SOF

Is that last candlestick pattern a G-pattern   

Nibbled a bit on Friday.

Good luck.

Jody

Nice pop.

Nice volume.

Nice call...applaude

I am glad that I bought it Friday based on the chart.

With today's news, the stock will not go down for sure. The company has just announced positive result for their heavy-to-light oil convertion technique.

The commercial value for this technique should be huge.

The company actually gave a very good earning report last quarter - almost break-even.

Quote from: Terlisa on March 02, 2006, 09:48:34 PM

Quote from: Terlisa on February 28, 2006, 12:32:47 AM
IVAN is looking good
After the big gain on IVAN.. i think i'm ready to buyback

IVAN - a stock to watch (I highly recommend to put on ur watch list)
I got in yesterday @ 2.65

Goodluck!!

Gap up on IVAN..... sold IVAN @ 3.23 GAINED 21.89%
I will come back when the gap close if not i will chase it higher

Looks like IVAN will create a DOJI today **INDECISION**

we got more 40 minutes before the closing bell & IVAN came back up... maybe no DOJI today

Quote from: Terlisa on March 06, 2006, 01:22:07 PM
[Gap up on IVAN..... sold IVAN @ 3.23 GAINED 21.89%

Nice trade, Alister.  Applause.  I thought of you when I saw IVAN up today.

Thanks Melf Elf...

IVAN is down 5% after hours, I think it will close the GAP tomorow that would be a good entry point again

IVAN close the Gap @ 3.02 - 3.06
Got in again @ 3.03

Goodluck!!

Terlisa,

I like this pick so I bought some at 3.01. Looks like it slid a bit more than that though. I wonder where it will land. How long term do you consider this company?

Quote from: brandyjoco on March 07, 2006, 04:27:22 PM
Terlisa,

I like this pick so I bought some at 3.01. Looks like it slid a bit more than that though. I wonder where it will land. How long term do you consider this company?

People took profit on IVAN...

I like the set-up going on the weekly chart of IVAN the chart says HOLD.. i'll continue holding

Closed gap. Up from here. Maybe

Alister,

The bottom of the channel comes in today, March 9, at 2.733.  The slope is 0.02278, so add that amount each day.  That trendline has been validated by a third tag, so I'd look for the exits if it looks like it's going to tank below it, or close below it. 

The third tag of the bottom of the channel violated it by two cents intraday, but then it ran to the top of the channel, so you don't want to get jiggled out of it on a "slight" violation.  That's always a judgment call on those intraday penetrations.

Using the same slope of 0.02278 to create a top for the channel that is exactly parallel, the tag of the top of the channel on Monday exceeded it by less than a penny, indicating that the stock is responding with sensitivity to the parameters of the  channel.

The top of the channel comes in today, March 9, at 3.3306.  Add the 0.02278 each day.

The reversal candlestick in IVAN is reminiscent of a discussion that we had yesterday morning in the MCU folder.  Your reversal candlestick in IVAN also was on the heaviest volume day for the move in the stock; 78 million shares. 

IVAN looks to be ratcheting its way higher in this channel, working off that overhead supply.

Good luck.  Hope you make a bunch, and if you don't, you already have made a bunch in this stock.  Applause.

Quote from: Melf Elf on March 09, 2006, 05:11:29 AM
The reversal candlestick in IVAN is reminiscent of a discussion that we had yesterday morning in the MCU folder.  Your reversal candlestick in IVAN also was on the heaviest volume day for the move in the stock; 78 million shares. 

IVAN looks to be ratcheting its way higher in this channel, working off that overhead supply.

This candlevolume chart gives a better depiction of that. 

"Weak-handed" longs who bought at or near the opening of that big black candle got stuck at the top, and many of them are selling into rallies within this channel (sorry, the trendlines of the channel get screwed up on the Candlevolume chart).

IVAN is dropping like a rock.  Any opinions?