3SOF

Premarket most active:
AVNR,AMCC,MGRM,AGIX,EPCT,ALAN,GNTA,MDII.

In ALAN at 3.57 using the 15 minute chart and 1 minute breakout, with time and sales being filled up with green prints.
It had a positive open price signal and a positive net price.

I drew 3 uptrend lines in the minute chart.
I'm watching when the 3rd uptrend line will be broken.

3rd uptrend line has been broken but I would like to give the 2nd uptrend line a chance and see if 4.10 is broken.

Out ALAN at 4.10 for now because it broke the second uptrend line and didn't break 4.10 strong enough.

I'm watching AGIX's 15 minute resistance at 3.23.

AGIX's 15 minute high(resistance) would be 3.21 now.
1 minute chart just broke through a symmetrical triange
but still waiting for that high to be broken.

AGIX's 15 minute high is at 3.20 now.

Watching for overhead resistance at 3.43 (15 minute 200ma) and 3.56(15minute congestion).

In AGIX at 3.20
If this is a bull trap my stop will be at around 3.10

So far, I have only drawn 1 uptrend line on AGIX which was given (what it seems like) a cheap shot by the market maker.

Out AGIX at 3.25 because the first drawn uptrend line was broken at least twice already and it's too slow.
May go up later but too many resistances on this one compared to ALAN.

Hey Ares, i hate to ask, but at least this is your thread and I shouldn't step on anyone else's toes here. I asked on the stock picks board but no response. Anyway I  was wondering if there is a possible bullish formation developing here? You don't need to go into detail but I would appreciate a simple reply. Thanks.

http://stockcharts.com/h-sc/ui?s=PTNR&p=D&b=5&g=0&id=p26388906528

Hi BigSully1,

This is how I see PTNR.

I like the price being above the weekly and daily ema.
PTNR is also above the 50ma which is above the 200ma (bullish signs).
I've read from other books that price moves faster when it's closer to the end of the trend and when the 50ma (gets steeper) follows price upwards.
The daily chart looks like it currently has a bullish flag.

What I'm concerned about is the stochastic crossing down from above 80 followed by what looks like a MACD confirmation (bearish).

Historically, when that happened, price went down close to the 50ma.

This is just my opinion.

Real time price action is what really counts.

Our opinion may be right but the market could prove us wrong.

We will have to see if price breaks out above 16.37 or breaks down below 15.50.

It may also go sideways (consolidation) for a while.

These are just speculations.

Pls. do your own DD if you're planning to get in here.

Keep in touch,

Ares

Quote from: Ares on April 24, 2007, 08:42:56 AM

Quote from: elpnoy on April 24, 2007, 03:56:43 AM
hey wassup ares !!!!!

when do i sell it?

Check out support and resistances then decide how much risk you're willing to take.

Here's a link.

http://www.3stocksonfire.org/trading/index.php?topic=8896.msg96398#msg96398

Hi Jay,

This is how PMCS currently looks like.

I'm glad you checked out 3SOF.

There's a lot to learn in here.

Keep in touch,

Ares

Quote from: Ares on April 24, 2007, 12:54:13 AM
Hi BigSully1,

This is how I see PTNR.

I like the price being above the weekly and daily ema.
PTNR is also above the 50ma which is above the 200ma (bullish signs).
I've read from other books that price moves faster when it's closer to the end of the trend and when the 50ma (gets steeper) follows price upwards.
The daily chart looks like it currently has a bullish flag.

What I'm concerned about is the stochastic crossing down from above 80 followed by what looks like a MACD confirmation (bearish).

Historically, when that happened, price went down close to the 50ma.

This is just my opinion.

Real time price action is what really counts.

Our opinion may be right but the market could prove us wrong.

We will have to see if price breaks out above 16.37 or breaks down below 15.50.

It may also go sideways (consolidation) for a while.

These are just speculations.

Pls. do your own DD if you're planning to get in here.

Keep in touch,

Ares

Ares, Thanks and applaud.