3SOF

Quote from: lancefur on February 13, 2007, 01:20:41 PM
In this ascending triangle scenario, would the upwwards breakout occur tomorrow or within the next couple days? I see that is is assumed to occur tomorrow but would like to gain more insight before I commit again. I haven't lost on any trade I have made with this stock and I feel it coming again where I should buy into again.

Look forward to opinions.

HI!!!

You got a nice chance until Breakout!!
most the stock retest the Breakout and on this retest will be a good buying oppertunity.. ( 80% on a breakout a retest comes )

All solar stock (the ones that I know of) are doing great today.

I wonder if it has been FSLR's impressive rise that has given a lift to the rest?

Or are there some solar-news that I missed?

I hold both DSTI and DSTIZ.

Quote from: cumulina on February 14, 2007, 01:01:38 PM
All solar stock (the ones that I know of) are doing great today.

I wonder if it has been FSLR's impressive rise that has given a lift to the rest?

Or are there some solar-news that I missed?

I hold both DSTI and DSTIZ.

nice



DayStar picked in Ludlow Solar-Index...



Ludlow Alternative Energy Index

 

This and ASTI have moved nicely the last week or so. I wonder if this is now the time to really be heavily invested in this stock? Nice short term run and have traded it once and made a quick 8% but with it so irregular, makes me nervious. Now looking at what ASTI did today....wow. One would think this is where the longs should be for the time being.

nice breakout on DSTI!!! but it hit resisance at 5.30 today.  Not sure but I think it could pull back form here.  Missed this run, but good call waxweazle

thanx scot..
now we hit the Downtrend and couldn´t break it so we go down @ under 4.5$ adding worstcase 4$ than next try to break the downtrend

Adding TIME chart looks nice

break the uptrend  on end of day   than sell

hmm... a gap higher on Monday would give a real nice morning star candle pattern.  Interesting...

Personally I'm amazed at how quickly DSTI made its pullback after hitting 5.30 resistance.  I made a speculative purchase last week at 4.30, but closed my position after the bounce up to the 4.40s when it started coming down again.  If it opens up tomoroow it might be worth getting in for a bit again.

3.94 looks to be the pivot from the 30 minute chart, which would give DSTI a break out of that recent downward channel and above resistance coming off the lower rail of the falling wedge.  First targe for me on a breakout would be to horizontal resistance at 4.45.  If it does this, I would like to see 3.80 hold, which would give a risk of just over 4% on the trade, vs a 12.5% reward if the 4.45 resistance target gets made.  Not bad.

Saying all that, I think the daily chart tells a slightly different story.  Waxweazle, you have used a log chart in your analysis, which is totally reasonable, but I prefer to use a regular chart, especially for short term purposes.  Both are ok, they just tell slightly different stories in terms of where important support/resistance may be.

The Jan-Feb ascending triangle breakout put a $5 target IN PLAY which got made at the beginning of March - this also formed a move above the channel which I have drawn slightly differenly from yours, because of the scale. Since then DSTI has been pulling back in a falling wedge, testing 3.60 support on Friday.  If DSTI is really bullish, we could see a gap up reversal on Monday, and I still think the 3.94-96 level will be the pivot for this move.  The falling wedge breakout (on a break of 3.96) would put a target of:

5.29 - 3.61 = 1.68 + 3.96 = 5.64 IN PLAY  (as Melf likes to say)

Obviously there are hurdles before it gets there (most notably horizontal resistance at 4.45-50 and at 5.30 and the top of the channel, which I see coming in at 4.75 currently).  However there is also a chance that DSTI still wants to fake a few more people out here and test breakout and channel support at 3.50.  So that's where I stand.  I'll be keeping an eye on DSTI and will look to buy either on a break of 3.96 or if I get an opportunity between 3.50 and 3.65 in the next day or two.

yep nice Scot looks ready

I was unfortunate to buy near the resistance at 5.21 almost 2 weeks ago. 

I didn't get out like I said I would but now as I am 26% down in 2 weeks. I am now at a point where I agree with this post. This is the first time I have been losing money on this stock and I am highly convinced that I can make this back in a short amount of time. I will follow scot's technicals on this and get out if he feels it is going now where. I called the 50% gap up earlier this year and see that a small up tick should happen this week.

hey wax,

I think both of us are probably pretty happy on our read of DSTI.  I averaged in at 3.87 yesterday (an early low buy and a buy on the break of 3.96). Currently looking good today with a breakout from 4.20, and test of 4.30.  I think we will see DSTI push back over 4.50 agaiin in the next day or two... maybe even today!  I'm going with the semi-log as well for now on the channel.  I think I like it better too. Good call 

When you look @ my chart you can see the stock hit the upertrendline @ Thrusday and now i think we will go down a little to get a breath.. and than up again