3SOF

If the candlestick today had closed a bit higher, we would have ourselves a Morning Doji Star reversal formation, but I think for these purposes its close enough.  Makes sense that a reversal would coincide with the analyst meeting tomorrow in NY that CHID will present at. 

I sure hope we get a real reversal, the last 2 weeks with CHID has been like Chinese water torture...

To me, it seems that it can reverse here.
Adding to the conference call tomorrow and the reversal candle patern seen today (more or less), we can see that we have just underneath the 200sma. And it seems to be anging on...
Aditionaly there are  positive divergences, since late May, betwen ROC, MACD histogram and price.

What do you think?

So from a TA perspective, should we buy more shares into this potential move up?

Quote from: bgoodman on June 14, 2006, 08:05:07 PM
So from a TA perspective, should we buy more shares into this potential move up?

Ooh! A white candle! what a pleasent surprise  Price made a small bounce today on the 200ma though on significantly low volume making this possible move not very powerful. Though todays candle formation was one of the most powerful bottom reversal patterns you can ask for in the theory of candlesticks (morning doji star). This  candle pattern bouncing off the 200sma, price divergence,  and the investor conference tomorrow could be a recipe for  a good steak dinner courtesy of a well fed bull  So this may be a key place to find the bottom bgoodman, but there always poses a risk when trying to pick out a bottom. The safest route would be to wait for confirmation of this reversal tomorrow, but then you may miss out on profits. This is why i hate buying in the midst of things, i primarily only buy breakouts and breakdowns.

A strong white candle tomorrow on decent volume will confirm a reversal for CHID.ob. Lets hope for the best  i have my stop set on a close below .50 in from .84 and .60.

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.

Tokyopua:

Yes, this is what it says in the home page:

63758 Posts in 5750 Topics by 6870 Members
Latest Member: raus0046

But don't know how many are paying.

Regarding today's white candle let's all make a wish for higher volume to confirm
the reversal.  Meanwhile I fully agree with FOUS comments, put a stop loss slightly
under .50 just in case

jorgegr

Quote from: jorgegr on June 14, 2006, 09:49:58 PM
Tokyopua:


But don't know how many are paying.

I actually took the time to count a while back. I beleive its in the vicinity of 300 members paying

jorgegr, fous,

Thanks to both of you for your replies and satisfying my curiousity.  The numbers make sense, if there are 300 paying members, that is about a 5% subscription rate out of all signups, not bad actually for net metrics.  And the Alexa.com rankings indicate the site is getting more popular recently, so that is good news as well. 

Go 3SOF and go CHID!

Thanks a lot for your inputs (Tokyopua, fous, jorgegr, Lusitano)

Today's session was nice, the current candlestick pattern is bullish and suggests a reversal, but it still needs a final confirmation, and that would be a close above $0.60 with a significant increase in volume (lets say, above 2M shares traded). With that setup in place, I would have few doubts of a new major rally on CHID.

The technical «pre-signals» are in place, now we only need a catalyst for price and volume... And could that be tomorrows Investment Conference?  Well, CHID is still unknown to most of the trading community, and its current share price is at least «very attractive» not to say a complete bargain. Unless we are missing something here, CHID should be flying away from these depressed levels very soon.

Trading Plan:
Hold CHID

Best regards,

Good God!
Can't CHID hang on to any gains, just once!  Every single rally this stock tries to have dies a horrible (and very fast) death.  It will spend all day inching up, then fall all the way down in 10 minutes.  Anyone hear any word on how the conference went in NY?

Listening to the replay right now.  The gentleman presenting is not the most stellar speaker.   It also appears that the aquisitions are going to take a little longer to close. 

Alien

Well, the first aquistion(Sono Digital) is to take place in one month to six weeks.  The second is to take place during the 3rd. Qtr.  They are still predicting $30 million in sales and $10 miliion in income with $.13 EPS.  Do not see any problems with the aquisitions, are still waiting for the audits to be completed. 

Alien

fous,

What is the TA for todays action?

Today's conference can be listened here:
http://origin.vcall.com/CustomEvent/conferences/arch_investment/061506/index.htm

In fact, like was already said, the gentleman who was leading CHIDs presentation was not much of a good speaker... and it doesn't looked he prepared for it... Despite that, we had some news about the acquisition front, and most of the numbers were re-confirmed (and they were good numbers). The only problem, in terms of exposure and «promotion», was that if their goal on the conference was to really promote their visibility, they should have first fired that speaker and hire any of us here at 3SOF I think CHID has such a good potential that it was really disappointing to listen such a «non-commercial» presentation, by this I mean with a chance of exposure like this, CHID could have hired a better speaker (in the other hand, this is a proof that CHID is for SURE not a pump and dump )

CHID had a good reaction today, the volume has increased but we don't have the technical confirmation we need yet to validate the big move we're expecting. We'll continue to Hold CHID, and wait for that move for a while, no stop for now, but we are on alert, as we don't want to become bag holders here.

Trading Plan:
Hold CHID

Best regards,

Quote from: bgoodman on June 15, 2006, 11:25:20 PM
fous,

What is the TA for todays action?

Hey Bgood,

as Masterchief ramsburg stated we havn't recieved confirmation yet. We didn't revcieve the candle we were looking for which would be a white real bodied candle, maybe it was because of the idiot speaking for CHID i havn't heard it yet the broadcast wouldn't play when i just tried it out. Even though we are up on the day. Todays doji candle doesn't really suggest any bullish move or confirm the morning doji star candle bottom reversal formation. Price tested resistence today near .60 only to retrace back to its opening price. For things to start looking like the bulls are back in town were gonna need to see some above average volume and a break of .60.

lets hope for a good market today

-fous

Ramsburg,

Do you have a stop loss on this one? We are down to 0.49 today.