3SOF

I'm assuming 3SOF is still holding b/c I dont see it in the 'previous pics' section.

Thoughts?

ouch! ouch !! ouch !!!
I was soo in love with divx. Look like 23 in play 

DIVX is looking pretty oversold and we had a near bounce off the 61.8% fib level yesterday.  A little consolidation around here would be nice.... 

If video on the web is hot like people think (ONSM, MAMA, HAUP) then DIVX should respond along with the other video/web/hardware related stocks.

A good buy point would be on a break (or close) above yesterday's high of 24.79.  I would be cautious though since DIVX has come down pretty hard the last couple of days.  That said, there could be some money to be made on this volatility. 

Still oversold with a nice move up today back above the 61.8 fib level.  A good buy point would be a strong move above yesterday's high of 23.65.  Tech had a strong day today so let's see if it will continue tomorrow and if DIVX will follow suit.

Back into divx. This time smaller position 

I'm with you at 22.50 njshiva,

DIVX looks to have found support at $22, and is making a nice bounce back here.  I see first real resistance at 24.75 and at 25.20.  Above that, my next traget is 26.30.  This may be a pretty quick move, and DIVX is up above $24 PM now.  Yesterday's volume was good, lets hope today is better. 

Nice little piece on DIVX from JPM:

http://biz.yahoo.com/seekingalpha/070105/23560_id.html?.v=1

DIVX is looking a little dangerous here - has formed 2 doji stars with support kicking in at 23.50.  If it breaks this level, I think DIVX could sell off again.  I'm not willing to take the risk, and will set my stop loss just below here, taking a small profit.  On the upside, it needs to break 24.80 resistance to get moving again.  Maybe we will get some more news out of CES today.  Lets see what happens...

Sold DIVX yesterday at 23.80, for a gain of 5.7%.

Didn't like the downward tone after the last 2 days dojis.  As American Bulls states, this gies me a short term sell signal:

http://www.americanbulls.com/StockPage.asp?CompanyTicker=DIVX&MarketTicker=NASD&TYP=S

Technically, it did actually hold 23.30 support, the closing price of the long marubozu last week, and closed the small gap that opened on Friday.  I see short term support at 23.50 and 23.30, short term resistance at 23.80 from the intraday chart.  In my opinion, DIVX needs to break 24.30 to maintain its upward momentum.  I'll be keeping an eye on this one.  Good luck guys if you are holding.

We should see a nice earnings rally between now and feb.

DivX, Inc. to Announce Fourth Quarter and Year End 2006 Results
Tuesday January 16, 8:00 am ET

SAN DIEGO--(BUSINESS WIRE)--DivX, Inc. (NASDAQ:DIVX - News) announced today that it will issue its earnings release for the fourth quarter and year end 2006 after the market close on Thursday, February 8, 2007. DivX will host a conference call to discuss the results at 4:30 p.m. Eastern Time on the same day.

I'm not sure what analysts expect the numbers to look like this Q (presumably quite good), but technically, DIVX has its short term chains set and it needs to rally from here.  As I see it, the last 2 candles show short term resistance to be at 23.10.  Above there, resistance is in the 23.70-80 range.  If it can get over this it may well fuel a rally.  The chart looks like it may be forming a W-bottom reversal right here, but to provide confirmation of this pattern, DIVX would need to break the recent high of 24.45.  The (conservative) target of the W bottom is 26.60, representing about a 15% gain from current levels.  This also corresponds to the major resistance level from the H&S top breakdown. Support kicks in below at 22.50 and 22, so is not really a bad trade right now if you are willing to risk 4.5-5%, putting a stop just below $22.

Indicators don't look great right now, but that could all change quite quickly.  I liked DIVX when I traded it last week, but it just didn't have the momo to continue its move.  After putting in a second bottom, it may have the strength to break out this time.

Good lukc njshiva

Wrong chart 

But thanks for the analysis. I agree.

Amarens

Apologies Amarens,

Have fixed it and put the right chart in now.  Divx still looks o be struggling toay, currently B22.45,A22.50, below that first support line at 22.50.  Don't think this bodes too well for the rebound idea, but it may make a ice low-risk but if $22 support is maintained.

However, I'm fully invested right now and won't be jumping in

You know what, having a second look at the chart, DIVX REALLY needs to make a double bottome here at$22 and rally, otherwise it may be in a world of trouble.  I mentioned on my previ0ous post the H&S top in Nov and Dec, which had a target of 21.71
(Head high = 31.89 - Right shoulder low = 26.80 = $5.09 => 26.80 - 5.89 = 21.71), which was made at the beginning of January, before the stock bounced for that small rally.  However, looking at the chart I see a potental double H&S top forming, this one much larger, with the left shoulder formed in October, and the right shoulder forming right now.  Horizontal support at $22 forms the neckline for this larger H&S top, which has a target of about $12.21.
(Head high = 31.89 - left shoulder low = 22.05 = 9.84 => 22.05 - 9.84 = 12.21)  Please, if anyone cares to correct my math or choice of shoulder points, please do!

This is really just a heads up - it could still form that W-bottom here and bounce back up, but I did not like yesterdays candle, which closed below both the previous days doji lows, and made a new low for the last 5 sessions.  It also looks like a pattern similar to a bearish falling three methods

DIVX has hyped up technoology, but it does remain to be seen whether they are really growing revs going forward with their licensing model.  I would be very cautious right here.

I think your analysis are correct. I have a 20% loss right now  Want to see if it does form that W bottom

Applaud Scottish!

Amarens