G-Pattern: potential plays

[JMoney]

Stocksquire, how do you scan for G-Patterns and possible G-Patterns? 

[Stocksquire]

..and PRTL looks to be a g-pattern potential.  Strategy would be similar to CPTH(above) 

PRTL -

Primus Telecommunications Group, Incorporated operates as an integrated telecommunications services provider, offering international and domestic voice, wireless, Internet, voice-over-Internet protocol (VOIP), data, and hosting services to business and residential retail customers, and other carriers. The company's services comprise international and domestic long distance voice services; VOIP services, including retail and wholesale VOIP services to Internet service providers, telecommunications carriers, and retail customers; Internet and data services consist of asynchronous transfer mode, frame relay, and Internet/Internet protocol services, as well as Web hosting, virtual private networking, and co-location services; prepaid service that are used by customers for domestic and international telephone calls; toll-free services include domestic and international toll-free services; reorigination services; local switched services; and wireless services. It provides its services to small-and medium-sized enterprises, multinational corporations, residential customers, and other telecommunications carriers and resellers. The company's global network consists of 18 domestic and international gateway switching systems in North America, Australia, Europe, and Japan; undersea and land-based fiber optic transmission line systems that carry voice and data traffic across the network; and global network and data centers that use a high-bandwidth network standard and Internet-based protocol to connect with the network. Primus Telecommunications was founded in 1994 and is headquartered in McLean, Virginia.

company website: http://www.primustel.com/

yahoo link: http://finance.yahoo.com/q?s=PRTL

stockchart.com link: http://stockcharts.com/def/servlet/SC.web?c=prtl,uu

chart 1(below): daily 6 month



Chart 2(below): closeup of recent price action.  We have some support in magenta:



Trade it GOOD! 

PRTL took out .85 today, and the volume looks good.  Nice find, EliteG.   

[Stocksquire]

PRTL looked very strong today after breaking the g spot at .85.  The volume really picked up during the last few hours of trading.  Tomorrow should be very interesting.  Again, great find EliteG -- I would not have had this on my radar without your post.   

[Melf Elf]

TMTA is a potential g pattern play.  It needs to take out $2.07 on strong volume.

Thanks for mentioning this one, Stocksquire.  Applause.  I like eliteG's concept (applauded last weekend), but haven't had time to look at these stocks.

A couple of other things that I like about TMTA is that, basis the weekly chart, the MACD is above the signal line and it went above zero last week (August 19), and it also has closed above the the Ichimoku Kinko Hyo Kumo.

That sounds complicated, but it's pretty simple.  It means "at a glance," basically.  The Kumo is the "cloud" that you see on the chart below.  "At a glance," we can see that TMTA has been trading below the Kumo (cloud) for many weeks.  Now, it's above it, suggesting a trend change.

I don't know if any of you have applied eliteG's concept to a weekly chart, but here's what I'm thinking.  If TMTA doesn't take out your G-Spot on the daily chart and sells off for the required two weeks, the G-Spot on the weekly chart is 1.86, this past week's open.  I don't know whether or not that's valid (to use a weekly chart), but it would lower the entry point to 1.87 if it is (after the required selloff).

I also like the fact that after the rally to 2.50 off the first G-Spot (second chart), TMTA sold off and held (so far) at one penny (1.56) above the high (1.55) of the G-Spot day.

[ssed]

AMTA had a break out last Thu and had two subsequent low days.  If it breaks 4.57 which was the highest close or open since the break out, then this could fulfill the stage 3 of G pattern play and make us rich.  The volume was there.... Now, let's go pump it!

[JMoney]

Just wanted to bring this thread back to life 

I'm going to point out a few Classic G-Patterns that we missed the last 2 weeks.