In Retrospect: DGTL, TBGI, ELI

DGTL

DGTL broke out of the triangle but with insufficient volume in my opinion. Price went up to as high as 1.72 before moving sideways for 3 trading days. I have redrawn the triangle and its target price is increased to 2.16. The succeeding trading days needs to be observed as volume may come in if the 130 Moving average is broken, that is if the price continues to move upward. But it seems that for the moment, it will either move down to sideways for this week.

TBGI

TBGI immediately reached the 4.15 target price and went beyond it. Expect a side to downward movement for a short correction.

ELI

ELI is still a buy. Target price of 1.12 is not yet reached. A couple if important things to note: Last trading day has already covered the gap made last Feb sell down and volume for that day was also high, which makes this a very good buy.

StockWatch (June 18-22): DGTL, TBGI, ELI

DGTL (Chart: Daily Resistance: 1.60/1.90 Support 1.50/1.52 )

DGTL is still in my watch list as it has not yet broken out of the triangle. Divergence is still intact and it has formed a strong support at 1.50/1.52. If triangle is broken, target price is 2.06. Looking at the bigger picture, the current triangle seems to be part of a cup and handle formation. Target price of the cup and handle formation is 3.22. This is still a very good buy considering the cup and handle formation.

TBGI ( Chart: Daily Resistance: 2.90 /3.35 Support: 2.42/2.22)

TBGI broke out of a symmetrical triangle. Target price is 4.15.

ELI (Chart: Daily Resistance: 0.88/0.92 Support: 0.83)

ELI broke out of the symmetrical triangle. Target price is 1.12. However price at 0.88 is a strong resistance as the price opened and closed at the same level on the day it broke out. This is probably due to those who are stuck at that level last March and April.

In Retrospect: TBGI, MIC, GEO

TBGI broke the 2.50 resistance but was only able to move up to 2.55 before moving downwards. The price was blocked by the 130 day MA and moved to as low as 2.30. The symmetrical triangle is still intact and the MACD has now crossed above the zero line. Price action may move side to down this week probably a chance to get the stock near support level of 2.14. Recommendation: Watch out for support at 2.26 (65 day MA)/2.14 (trend line), these are levels where it would be good to buy. Cut loss if it goes below 2.10

MIC consolidated on the first 3 days of trading with 3.15 as resistance and move higher on the fourth day up to 3.60. The last day exhibited profit taking as the price went from 3.60 down to 3.30 closing at 3.40. Next resistance is at 3.80. There was no follow through with the volume after the breakout. RSI is currently overbought, so expect for the stock to move side to down. Recommendation: Sell a part of the position and buy back at a later time if the price moves down. MACD still looks good, so if RSI goes down from being overbought with price still moving sideways instead of down, start buying back. The next resistance at 3.80 is the target price for the Feb-April ascending triangle.


GEO went further down to as low as 1.76.

StockWatch ( April 23-27, 2007): TBGI, MIC, GEO

TBGI (Chart: Daily Resistance: 2.50/2.90/3.35 Support: 2.24/2.14)

TBGI broke out from a sidewards movement with very high volume. If the upward movement would still continue, it may break out from a symmetrical triangle with resistance at 2.50. The target price for the symmetrical triangle is 4.15. Recommendation: Buy on breakout. Expect resistance at 2.90 and 3.35 level. If you buy at 2.60, cut loss is at 2.40.

MIC (Chart: Daily Resistance: 3.15/3.40 Support: 2.60/2.44/2.30)

MIC has broken out of the long symmetrical triangle. Conservative target price is at 4.90/5.0. Next resistance is at 3.15 and 3.40, which are previous highs. Recommendation: Buy. Succeeding trading days should have the same or higher volume; otherwise it may find it hard to break the coming resistance levels. If upon reaching near resistance level, price movement shows weakness, sell a portion a buy back at a lower level.

GEO (Chart: Daily Resistance: 2.14 Support: 1.90)

GEO is displaying a divergence of MACD from the price movement. MACD displayed lower high, while price displayed a higher high. The recent break above 2.0 with less volume seems to indicate that not a lot are interested with the stock at that price level. Recommendation: Sell.

In Retrospect : PX, LCB, TBGI

PX

Affected by the global sell off, PX went to as low as 3.85. Price may move further down or sidewards for the coming week. Immediate support level is at P4 level, which is also the 65 day moving overage. A move below the P4 support may indicate that the sell off is not yet finished. Next support level is at 3.90.

LCB

This stock went up for another day before encountering a resistance at 0.42, a day before the sell off. But LCB has had better luck than the other stocks during the sell off as the price did not plunge very deep. As of current, the stock seems to be undecided and has currently formed a neutral ground at 0.35. Next support is at 0.32. Price may still move down or sideward for the week. This stock still has the potential to move up, just watch the volume.

TBGI

This stock started a sell off earlier than the global sell off. The volume on the first trading day of the week was big, which suggests that there was an almost equivalent change of hands for this stock. There were more traders who bought downward than those who bought on the up move. Volume on the succeeding days were very little compared to the first day, which also suggests that there were a lot of traders still stuck due to the global sell off. Currently the 2.30 level, which is also the 130 day moving average provides support for this stock. As long as the 2.30 support level holds, there is still a bigger chance for this stock to move up. Although a couple of sell offs might happen as it moves up as other traders who got stuck might want to get out.

In Retrospect : TBGI, RLT

TBGI

The stock still continued to trend slightly down to side ways. MACD is still bullish and support is still not broken. Recommendation: Sell when support at 2.26 is broken.

RLT

RLT went to as high as 0.86 and it is currently moving sideways. MACD is still bullish, but RSI is on the oversold level. Price may continue to move slightly down to sideways before pushing towards 0.90 again. Recommendation: Hold.

Stockwatch (Feb 12-16): TBGI, RLT

TBGI (Chart: Daily Resistance: 2.65/2.70/2.80 Support: 2.28/2.26)

TBGI does not have any patterns involved, but what attracted my attention was the increase in volume. Hopefully this will be a break of its sideways movement with a possible upside of 2.70 up to 3.35. Recommendation: Buy

RLT( Chart: Daily Resistance: 0.77/ 0.8/0.85 Support: 0.74/0.70/0.64)

RLT seem to have broken out of s symmetrical triangle. It gapped up twice, hitting a high of 0.76. Possible upside of up to 0.90. But observe the resistance levels. Recommendation: Buy

In Retrospect : MBT, BPC, TBGI

MBT
MBT’s target price was reached at 60 and a lot may have started to cash in on the profit as price went down to 57. Next support at 56 which is the 50% retracement.

BPC
BPC did not reach the support at 2.50 as bulls came in at 6.65-6.70 and started pushing the price up to 2.95. Next resistance is at 3.00, but it looks like the bulls are still in control and may still push the price up to 3.10 and beyond. Recommendation: Hold. Sell when there is sign of large decrease in volume.

TBGI
Price went down to support at 2.34, but continued to move below 2.30 and went down to 2.28. Recommendation: Wait and observe, price may still move down to 2.15, which is the 130 day MA

StockWatch (Jan 22-26, 2007): MBT, BPC, TBGI

MBT(Chart: Daily Resistance: 60 Support: 56.50)

MBT was able to successfully break the ascending triangle on the first day of trading last week. Price target for MBT is P60. Expect profit taking at 59-60 level. Recommendation: Sell near 60.

BPC(Chart: Daily Resistance: 3.05 Support: 2.50)

BPC brokedown from either an upward channel or a rising wedge. MACD looks like it is going to cross below the signal line. As of current, support is at 2.50, but price may still continue to 2.40. Recommendation: Wait and observe, this stock possible for range trading. Buy at or near 2.50

TBGI (Chart: Daily Resistance: 3 Support: 2.34)

TBGI is a candidate for range trading. Based on the last 4 trading days last week, the volume greatly diminished which might indicate that the selling pressure has fizzled out. Recommendation: Buy near support and sell near the 3 level. If the price still continues to move downward, cutloss at 2.30