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SCLD

Started by traderjbr, April 26, 2006, 01:29:23 PM

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traderjbr

This stock formed a Doji-Star,possible near term bottom with nice upside potential.

traderjbr

Chart

traderjbr

#2
Well the Doji-Star the other day failed to bring confirmation but today was saved by late news of a contract.I added a 2 year chart with a few notes.

traderjbr

Not much interest,but a few Bullish signs under the hood here

Leaira

Volume is much too low here.  I like stocks with at least 100,000 average volume.  In fact, that's one of the rules for the contest, which I highly agree with.

Leaira

traderjbr

More news today,and yes the volume is picking up today.Good potential to see more upside if this continues.Chart tested the low of 1.39 area twice and held..

traderjbr

Interesting finish today,most notably the increase in volume thanks to favorable news.Looking forward to some follow through today.

traderjbr

Breakout fell victim to a throwback into the declining wedge.Lost support at 1.39 and since has been searching for the next support level which in the last few days looks to be 1.31.Early signs this morning of a Bullish Engulfing Candlestick,will need to close today above 1.39 for that to materialize.If this level can't hold look out below..

traderjbr

Very bloody chart since the last update.News suggests some unstability with the delayed 2nd qt report and the departure of the CEO&COO.The company did announce  Clifton W. Sink as the new President and CEO.A look at the most recent form 144's one could surmise that part of this implosion could be from the exercising of options at the conversion price of .55,whatever the case the chart finished today with another Bullish Candlestick formation with a Tweezer Bottom.SCLD will have its work cut out for them to get this back in good stead..

traderjbr

50k insider P transaction last week.This disaster is back to where it was in 2001.

traderjbr

Volume up,stochastics positive on the weekly and daily.Been brutally oversold for months ???

traderjbr

Showing an effort this morning,had a volume spike the other day..

traderjbr

Up again on early volume,currently surpassing the 50 dma

traderjbr

Current run rate on the volume is pretty strong,looks like it'll exceed the volume on 10/17

traderjbr

Didn't see many sellers this morning,ROC indicator pointing vertical