ALTI

[Liquid Stick]

Annotation of above chart.

[Lucas Scott]

LS - if you are right about the open and close prices tomorrow (open 3.83 and close 3.80) I will personally give you 10 applauds. If you're within a penny on both I'll give you 5. A bold prediction mandates a bold reward.

[Melf Elf]

news of some sort will kick this back into motion, support still in the mid $3.7's

i know this will go back higher, but I lack patience holding stocks,    because I'm more of the trading kind  ...max. 3 days to a week and I sell. i bought this on Thursday near closing hours will see how tomorrow holds! 

Vic,

I can relate.  I also get impatient when a stock gets sloppy like this, trading and closing for four days back below the 3.97 - 3.98 breakout. 

That said, ALTI is hanging in there.  Interestingly, the Kijun-Sen (solid red line) has been at 3.77 for the past four days.  The low the past three days is 3.76.

The 13/21RSIs have come into synchronicity.  Any positive close today will give those a bounce higher, but you also want to see the buy pivot of 3.91 (a penny above yesterday's high)  then see the stock back above the 3.97-3.98 breakout.  I'll show you that next.

I'm reminded of Three Stars in the South.

LS,

Yeah, it does, except one of the primary characteristics of that pattern is successively higher lows on Day 2 and Day 3, intimidating the shorts a little, having them thinking that it's all done on the downside, and that the stock is going to turn higher.  Repeating those lows of 3.76 and languishing down there most of the day didn't have the right feel to it.

Still, ALTI does look okay.  I like the fact that it hasn't closed below 3.79.  It will be fun to see how your 3.83...3.80 works out today.  Regardless, I've enjoyed your work on ALTI.  Applause.

Good luck, guys!

[Melf Elf]

ALTI - 13/21 RSIs in synchronicity.

[vic666]

nice solid action today....volume was pathetic to being the day, but picked up once $3.84 got taken out earlier this morning...

vol. now at 210K with price at $3.88.

as expected from the hourly chart you see below, the downtrend line (join the lower highs of the past few days) offered resistance at exactly $3.92, which is today's high so far.

i'm pretty satisfied with todays action overall. 

Vic'

[Liquid Stick]

It's nice sometimes to be wrong.  I was simply applying the same price pattern behavior of the last 3 days to what would happen if it were to follow down the same path today.  At the same time i said to myself if it deviates from that pattern.  Then a new pattern will emerge.  We now have a breakout of the pattern created in the last 3 days of trade.  Right now we have a 3 line strike.  Close at or above 4.03 and we have a 5 line strike.  Which increases the likelyhood of a  small gap up Monday morning with a slight pullback and then a run (ala CPST).  YOu can check the CPST pattern i through up in the LIqud Stick list.  If, we don't get a weekly open above this weeks close, I become immediately skeptical.  The best way to resolve indecision (confusion) for a long is for a gap up on the weekly.  If, it does gap up Monday morning.  Then i have to hold the remainder of the week.

LS

[Lucas Scott]

LS - your 3.83/3.80 call is reminiscent of Nasdaq 1588 It was a bad miss on today's open and close prices, so I cannot applaud. But I will not smite you for it either. GO ALTI!!!

[vic666]

kinda closed weak IMO...but overall, glad to have a green day after 4 consecutive red days (all of them, right after I bought in  )

Anyways...good to see RSI is trending back up...but I must say this stock's been testing my patience...I should have just set a limit sell order at a tick above $4.00 and left it there...instead, I keep thinking everytime it breaks $4.00, it's gonna go ahead to test $4.19...but thatt has not happened.

Looking for a green day Monday too, the stochastics are pretty close to turning back up again....news should give this a strong kick in the ass to propel ahead.

have a good easter everybody! 

[Liquid Stick]

Soon as the day was done and i looked at the last line.  I recognized it as an inverted hammer.  Then i searched inverted hammer and found some wierdo's site.  That stated something to the effect of inverted hammers are a sign that short covering is occuring.  So, if, one forms check to see the short interest on the stock.  So off to finance.yahoo.com and look at the short interest.  Well whoop de shit.  Not much there, but then i hit the message board and someone posted a link that stated ALTI no longer availbable to be shorted.  So, I don't know.  But, if you look at the weekly and look back several weeks ago you'll see what happened after an inverted hammer showed up there.

LS

[vic666]

Liquid stick....a suggestion for you...

It'd be a lot convenient to read posts especially those involving some kinda TA issues/charts, if the post was accompanied with a chart.

you wrote "But if you looked at the weekly chart...." if you had posted the weekly chart that you were referring to, it'd be a lot easier...i hope you understand.

happy easter! 

[Liquid Stick]

Liquid stick....a suggestion for you...

It'd be a lot convenient to read posts especially those involving some kinda TA issues/charts, if the post was accompanied with a chart.

you wrote "But if you looked at the weekly chart...." if you had posted the weekly chart that you were referring to, it'd be a lot easier...i hope you understand.

happy easter! 

I was at work and cannot annotate a chart to accompany my verbal T/A.  Perhaps you could do some of the leg work on your own.  Instead of hanging your hat on this hook.  nonetheless, here are the charts that go along with my last message.   The message in it's original form with the weekly inverted hammer followed by the daily.

LS

Soon as the day was done and i looked at the last line.  I recognized it as an inverted hammer.  Then i searched inverted hammer and found some wierdo's site.  That stated something to the effect of inverted hammers are a sign that short covering is occuring.  So, if, one forms check to see the short interest on the stock.  So off to finance.yahoo.com and look at the short interest.  Well whoop de shit.  Not much there, but then i hit the message board and someone posted a link that stated ALTI no longer availbable to be shorted.  So, I don't know.  But, if you look at the weekly and look back several weeks ago you'll see what happened after an inverted hammer showed up there.

LS

[vic666]

Perhaps you could do some of the leg work on your own.  Instead of hanging your hat on this hook. 

LS,

i was trying to be polite with you when suggesting you add some charts...you could have reciprocated likewise on your reply. instead, you chose to be a smart-ass with your reply.

as they say..."it's not what you know that matters, but your attitude that does" would love to smite you for that attitude, but what good would that be huh?

lemme try once more: happy easter to you!

PS: back to your chart by the way...that was a good observation on the weekly chart about the inverted hammer. let's watch out for a solid week come monday.

[Liquid Stick]

I had to dish some out.  I am trying to learn you how to fish.  But, you still want me to hook your worm!  Just wanted for once someone to look for themselves without need to illustrate the obvious.  Or throw up some charts for me.  So, we can digress into stocks.  Not this frivolity.

Happy Easter you,

Liquid

I got another chart want to see it?  It is experimental.

[Melf Elf]

I had to dish some out.

Given the number of smites you've received, that's understandable.  I don't know what the smites are about, but I suspect that it's about your attititude, as Vic said.

I am trying to learn you how to fish.  But, you still want me to hook your worm!

Vic wasn't asking you to hook his worm.   Vic has been doing his own due diligence.  He only made a suggestion.  

Just wanted for once someone to look for themselves without need to illustrate the obvious.

Sometimes, what is obvious to one person isn't obvious to another person.  You certainly aren't in any way obligated to explain anything beyond what you want to explain, or beyond what you feel like explaining. 

I think that members are wanting to "follow along" with what you are saying, and that you might be misinterpreting that as "they want you to hook their worm for them."  They only want to "be on the same page with you," so that they can understand what you and saying, and then can feedback to you, or have a discussion with you.

Or throw up some charts for me.  So, we can digress into stocks.  Not this frivolity.

Vic has thrown up some charts.  So have other members.  None of us wants this "frivolity" any more than you do.  Yes, let's focus on stocks.  We aren't competing with each other.  We're sharing information, and we're trying to help each other out.

I'd like to see all of those smites you've drawn disappear, and I think that other members would, too, if you'd be willing to recognize the fact that we only want to share with you, and that we're not asking you to do all of the work for us.

Happy Easter you

Happy Easter to you, as well. LS.

I got another chart want to see it?  It is experimental.

I sure would.  I especially enjoy your creative/experimental approach to your charting.  Applause in advance for the effort.

BTW, on Friday, ALTI got a bounce higher out of synchroncity, and the "buy pivot" of 3.91 got printed.  Even though ALTI eased off from 4.04, and closed a penny below the "buy pivot", at 3.90, it looks good.  I also liked the fact that Friday's "real body" bullishly engulfed Thursday's "real body." 

The upper wick is tall, so I view it as maybe an "unconventional" Bullish Engulfing candlestick.

Sometimes, when a stock closes like that, just a hair below the buy pivot,  it's "champing at the bit" for a gap up opening the next session, above the prior day's high (4.04), as you suggested it might do next week.  The stock's behavior on Friday is at least supportive of that possibility.

[vic666]

melfelf...applauds to you on a positive intervention between LS and myself.

enough of that however...and back to ALTI.

bullish engulfing is one of the strongest reversal patterns in my opinion, stronger than any hammer or doji....and i do like thrusday's action...

keep an eye on PTSC....i threw in a few comments on that board and i think monday will be a follow thru day to tell us if it has bottomed out or if there is more downside....it's currently at $1.03, down from the recent high of $2.20's.