3SOF

Quote from: AussieTrader on July 19, 2006, 11:13:31 PM
Weekly chart shows nicely that GIGM is testing 2006 support (blue line)

Aussie,

Good eye on that weekly support line.  Applause.  I've been using log scale because of the big percentange gain, so I missed it.

Quote from: Melf Elf on July 19, 2006, 06:23:53 AM
They are at 7.72 and 7.95, respectively. The bottom of the Kumo (Cloud) is at 7.92, which is why I said in the first post that GIGM needs to regain 7.95.

GIGM did what it needed to do yesterday, which was to attack that 7.72-7.95 resistance.  The high on the day was 7.94.  Yesterday was a Bullish Engulfing candlestick, but the volume was much lighter than the prior day's selloff.

The 22-day Kijun-sen (solid red) now is at 7.965.  The 8-day (solid green) and 22-day still are inverted, and the MACD still is out of position below its signal line and below zero, so GIGM needs to work out those technical problems by continuing to rally. 

The top of the Kumo (Cloud) currently is at 8.48.

fyi:
Hedge Fund Ups Stake in GigaMedia
Thursday July 20, 9:52 am ET
By InsiderScore.com Research Staff

Shares of GigaMedia (Nasdaq: GIGM - News) got a lift yesterday after the Taiwanese online entertainment provider's second-largest shareholder increased its stake in the company.

Sansar Capital Management, a New York-based fund that concentrates on Asian equities, purchased 265,000 shares of GigaMedia at an average price of $7.65 on July 17th and July 18th, upping its stake in the company to approximately 5.762 million shares, or about an 11.45% stake. The New York-based hedge fund had previously disclosed purchases of 25,100 shares at $7.99 on July 11th, and 40,000 shares at $7.84 made between July 7th and July 10th. The firm first disclosed a 3.7 million-share, or 7.4%, stake in August 2005, and it held a 4.71 million-share, or 9.31%, stake at the end of the first quarter.

GigaMedia develops and licenses software and application services, and owns an online games and social-networking portal. The company also provides broadband service to consumers and businesses in Taiwan.

Quote from: Melf Elf on July 20, 2006, 03:36:17 AM
[The 22-day Kijun-sen (solid red) now is at 7.965.

GIGM got clotheslined at the 22-day Tenksan, now at 7.97, for the second day in a row. The high on the day was 7.98.

Quote
The 8-day (solid green) and 22-day still are inverted, and the MACD still is out of position below its signal line and below zero, so GIGM needs to work out those technical problems by continuing to rally.

That's still the case. 

Still holding Oliver GIGM reacting off medium term ascending support (blue line), but getting capped around the 50sma / descending resistance (red line). That resistance should give way once volume comes in, probably on a pre earns run over the coming couple of weeks.

Been a nice ride for GIGM, when the market gets going again should strenghten and move up again.

Nice day for GIGM closing above 50sma and above immediate resistance, $9 zone will be tougher and will require volume confirmation for sure. MACD Histo cross on the zero line. All in all strong reaction off the 2006 support line. In fact that ascending support line has provided multiple launches for GIGM:
Dec: $2.80 to $5.63
Mar: $4.11 to $12.78
Jun: $6.18 to $9.13
Jul: $6.89 to Well who knows......

GIGM making nice movement leading up to earnings (Tues 8th pre market), approaching significant resistance. For accumulators the dips to the 2006 support line (blue) and the mid bollinger band (dotted line) area have provided nice pick up points with strong ascending support.
Impossible to call how earnings will be seen, my position as stated many times before is for upside break to be most likley. This weekly chart shows how GIGM is positioning.

Everything is continuing to look good with GIGM, and I anticipate holding through earnings on this one, in expectation that they should continue to provide strong numbers.  From what I see today's action gave us a break of the big symmetric triangle (mine is drawn slightly different to yours) plus confirmation breakout of the inverse H&S pattern forming over the last few months (sorry, can't post a chart right now tho!)

$9s may be tough to get through, but I wouldn't be surprised to see GIGM break into the $9 range this week, possibly pushing towards $10 before earnings.  Will just have to wait and see!

got into this one at 8.4. should see a earnings runup (next tuesday).

volume not bad for 1st one hour. If the volume is  any where around 2mlns then we might see some action. Any case I will unload half alteast before the earnings. Always got burnt holding on to the earnings.  .

broke out above $8.95 resistance, not the time to sell,  it iooks like the time to buy IMHO

I was hoping a better price with 2mil volume, anycase 5.6% is not bad at all.
Aussie should be happy with his pick for the contest 

GIGM lining up nicely prior to earnings,taking out my previously shown resistance area on volume. Here is a daily chart confirming H&S bottom breakout technically, however caveat emptor earnings can render all analysis null and void.

Good Trading

Everything now set up for GIGM earnings report. Technicals still in good shape, now its in the lap of the stock Gods. I see there is a lot of talk (in the yahoo boards) regarding the time and date chosen by GIGM for the release 08/08 at 08:00am (8 being considered a very lucky number in China). Interesting choice for sure, well they are a gambling based company

hi,
i think gigm is one of the best stocks in the market.
you may win this competion ,
glta
maxi