TSXV:AAA.P - Post by User
Post by
mediascan59on Jun 18, 2011 10:25am
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Post# 18733093
TA based on the weekly chart
TA based on the weekly chartMACD: There are two sets of numbers used when looking at the macd, 12, 26, 9 and more sensitive 5,35,5 on the weekly chart. When looking at this number, the divergence crossover signals Buy indicator.
Bollinger Bands: Look for a horizontal line break out above a W formation that occured at $2.02. The BB's have tightened up and the stock is again indicating a break out with the stock breaking through the upper BB of $2.02 with a close of $2.08 on Friday. Both indicators suggest a start of a bullish pattern.
CCI: Signals a Buy when above +100. It is now sitting at 187.49 and can go as high as +300 to +350 on a bull run.
StochRSI: is in an uptrend. Sitting at 0.484, about to break through .50 or bullish and ready to break to the upside.
Full Stochastics: is an early indicator to foreshadow reversals. Turned up 3 weeks ago and is approachig overbought. Sitting at 75.27. NOTE: It takes strength to reach overbought levels and over bought conditions can extend in a strong upward trend. This is showing a bullish divergence.
What this tells the technical trader, is that this stock is set to go on a very bullish run. All it needs is a catalyst, which we all know are the results. Producing the results the analysis is indicating is favourable, and should produce my target price of $2.70 or more if the results come in higher than anticipated.
Happy Trading all,
Mediascan