3SOF

Hi ScottishTrader, &  Calven

Ya Metals have been on a tear, and as I said in my PAL post I was a little nervous that it might be getting a little overbought.   I reduced my position today by half, on the bounce midday.  Gut just said something not right here and will rebuy on the breakout.  I've been expecting some kind of pullback for a while in Palladium.  Then noticed my golds were dropping also, checked Kitco and seems like the selloff started about midday in London and continued until the  London close.  Started to look like a bit of an avalanche, but my Goldcorp held up very well so haven't reduced any of it yet.

Would be interested to hear your comments on the PAL risk reward at this point, if buying here,  where would you put the stop, just under todays low, (the ASC TRI as we have drawn it) or back around $9.50 next support range, but that would be a break of the ASC TRI.

Still in MKTY

Quasi

charts below, really ugly candle on the silver chart !!!

Hi,  guys

Just put a few notes on the VLNC board and thought I would add a couple of charts here too as we have an ASC TRI in the making.

Have had VLNC on my battery / fuel cell watch lists for years, never owned it.  BJC's post caught my eye and made me pull up the chart again,  prices on watch lists don't tell the whole story.   I get a much better feel looking at  the chart.

I like it again, the daily is showing a nice uptrend forming an ascending triangle, volume looking good, watching for a breakout above recent resistance in the 2.75-2.85 range.  The only problem I see here is that it's coming right at a heavy traffic area, look at the weekly chart, alot of traffic resistance in the 2.75 - 3.25 range.

I will be watching closely.

happy investing / trading
Quasi

Today tmta confirmed an ascending triangle breakout on high volume....
cheers...
B

PCLN
FTO
CTBK
NRG
ORBK

Triangulators - TMTA has an implied target of ~2.80 or so after today's breakout. That would be an approximate 25% gain. I am considering buying near the open.

Take a look at SIMO. It looks ready to pop.

Best regards - Minimunch

Quote from: Lucas Scott on May 03, 2006, 03:41:22 AM
Triangulators - TMTA has an implied target of ~2.80 or so after today's breakout. That would be an approximate 25% gain. I am considering buying near the open.

Would love 2.80 but I dont think I will hold through earnings. Might miss out on a run but will definately limit risk....
This friday will likely be my profit taking day 

PAL setup

Quote from: calven on May 03, 2006, 12:15:37 AM
PCLN
FTO
CTBK
NRG
ORBK

PCLN big breakout!

CERS - Cerus is just starting to reverse.  Not a triangle but this website has Waaaaaaay too many freak'n forums and I wasn't sure where would be the best place to post this chart so here it is! ......

This one is worth having on the radar.
ICE. It might need another move to the bottom of the ascending support, and if it does, it will be pretty easy to identify as a buy at that moment with the clear bottoming of RSI, Wm% and price simultaneously.

Quote from: Deadb440 on May 05, 2006, 12:27:14 AM
CERS - Cerus is just starting to reverse.  Not a triangle but this website has Waaaaaaay too many freak'n forums and I wasn't sure where would be the best place to post this chart so here it is! ......

Do a search for the symbol CERS (top of website) to find the appropriate place for this post. If you cant find an existing thread start a new one in the "stock picking" section.... it certainly shouldnt be in the "ascending triangles" thread! 

TMTA...
Earning coming out on COB May 09.... Right now it looks like it is forming a bullish pennant.... Volume is drying up.... what will earnings bring us no one know ....
Cheersz.
B

A long ter ascending triangle looking so good that I just had to share it with you all.

FTO breakout