VLNC

[Adam]

Any thoughts on this guys, it has a huge short position. 

[Adam]

Can someone do some T/A on this, it appears to have crossed both the 50, and 200 DMA.  There is recent news, and a huge short position.  EliteG, Randolph, help a brother out?

[Melf Elf]

Can someone do some T/A on this, it appears to have crossed both the 50, and 200 DMA.  There is recent news, and a huge short position.  EliteG, Randolph, help a brother out?

VLNC closed at 3.00, above the 50 DMA, but below the 200 DMA, which is at 3.07.

Here's an overview (weekly chart).  Starting in late 2001, VLNC built a nice 2+ year base that had the look of an Inverse H&S pattern.  The low of the right shoulder was below the low of the left shoulder, so that was a technical flaw, and the volume wasn't right.  But, it had the "look," nonetheless.

What looked to be a very bullish breakout the week of January 16, 2004 was a false breakout.  It ended in failure pretty quickly.

From the January, 2004 high, VLNC formed a Falling Wedge Pattern.  VLNC broke out above the Falling Wedge in May, 2005.  Falling Wedge breakouts are tricky.  While they appear to be bullish, they actually are bearish continuation patterns, UNLESS they occur at a bear market low.  In that case, they can signify a change in trend.  I guess Elliott Wave Theorists would call the latter "an ending diagonal," or end of the bear trend.  I'm not sure.  But, you get the idea.

What I look for with a Falling Wedge Pattern breakout, to determine if it's a bearish continuation or a the end of a bear trend, is for more bullish patterns to form.  Golden Star Resources (GSS) is a good recent example.  You might want to look at my chart in that file.  Since breaking out of a falling wedge, GSS has for a total of four bullish patterns, but it needs to breakout to confirm that the patterns really are bullish.  

Since the May, 2005 breakout of the Falling Wedge, has VLNC done anything bullish to give us evidence that it isn't just a bearish continuation pattern?  Take a look at the daily charts (below), and see what you think in terms of: (1) would you buy it? (2) at what price? (3) where's your stop? (4) what are your upside expectations?

Good luck with whatever you decide!

[nikao]

this is where i can come up with:



break out of the bearish price channel. Hammering on a strong resistance from the triangle (bothe the support and resistance of the triangle are resistance now).
It would be nice to see it go trhough the resistance and become a reversal, but it also could continue to fall in a new (paralel) bearish price channel.

any comments on this?

[Melf Elf]

ICHIMOKU CHART:

[traderjbr]

Another idea to keep an eye on.Our leaders are exploring alternative energy and this stock may see some further upside.The stock pulled back to several key support areas and its bouncing back up off the Bullish Homing Pigeon candlestick pattern:

[traderjbr]

Fresh news giving it an added boost..

[traderjbr]

Shorts feeling pain here with nearly 13% of the float short.

[bjc]

Bought VLNC for 2.68 this morning.  Off to a rocky start, but I still like the setup. 

Golden cross probably tomorrow.

[Quasi]

Hi,  Traderjbr and BJC

Yes have had VLNC on my battery / fuel cell watch lists for years, never owned it.  Your post caught my eye and made me pull up the chart again,  prices on watch lists don't tell the whole story.   I get a much better feel looking at  the chart.

I like it again, the daily is showing a nice uptrend forming an ascending triangle, volume looking good, watching for a breakout above recent resistance in the 2.75-2.85 range.  The only problem I see here is that it's coming right at a heavy traffic area, look at the weekly chart, alot of traffic resistance in the 2.75 - 3.25 range.

I will be watching closely.
will also post on the  ASC TRI board.

happy investing / trading
Quasi

[AussieTrader]

This one has woken up.

[setravis]

I'm tired of posting.
I wasn't going to post    but I decided to go ahead 

Huge rally today! 
Earnings profit to be reported                                   
I cannot find anything of real substance.
The only recent announcement is that earnings will be reported on June 13th.
I think a bigger story is in the works here...

Note: in its last earnings report, they had their narrowest quarterly loss, and the report hinted at a possible profit this quarter.
I wonder if such news has somehow leaked out to a trader or two....

Whatever the story is, it is intriguing enough for me to get my feet wet with the stock ! 

This chart has a Triple Bottom.......


52wk Range: 1.00 - 2.27
Volume: 3,469,060
Avg Vol (3m): 479,708

Technicals
Close Above the 13-day MA
Percentage Gainer

Last Price Quote is:
29.33%above 13-day MA
17.39%above 50-day MA
RS Rating: 8 

Fundamentals
Key Data:
Market Cap (M): $109.57 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Sector Underperform

[setravis]

"VLNC" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.                                                    
All history on a stock pick in 1 thread is awesome.                                                       
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock.                                                   
Thank You....and good luck with all your trades....make some $$$              

[setravis]

Note to self...
JMHO, I think this one will make a move like VWPT....
Long hold, Enjoy the ride.......

[setravis]

Note to self...
JMHO, I think this one will make a move like VWPT....
Long hold, Enjoy the ride.......

Looks like she exploded.......
Out of that Symmetrical Triangle (Continuation) Pattern !
52wk Range: 1.00 - 2.27
Volume: 649,691
Avg Vol (3m): 244,444

Technicals
Record Volume
Percentage Gainer

Last Price Quote is:
25.78%above 13-day MA
38.41%above 50-day MA
RS Rating: 98 

Fundamentals
Key Data:
Market Cap (M): $189.51 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Sector Underperform