In Retrospect: MRC, IPVG, DGTL

MRC

Target price is not yet reached. Price is currently inching its way up with sufficient volume. The upward move is always accompanied with volume, while downward moves have little volume. At current level this is still a good buy.

IPVG

Sign of divergence of Price against RSI was invalidated during the week as RSI followed the price movement, creating lower lows. At this point, IPVG is a buy based on RSI. But expect that the upward move might only be a short term correction from the downward movement.

DGTL

DGTL went to as low as 1.50. Divergence is still intact. Stock at 1.52 seems to be a good support. This is still a buy.

StockWatch ( June 11-15) : IPVG, MRC, DGTL

IPVG (Chart: Daily Resistance: 6.70/7.00 Support: 5.90/6.10/6.30)

IPVG is possibly exhibiting signs of divergence of RSI against price. Price currently has formed a lower low, but RSI may be forming a higher low. Price may still move down or sideways. If price moves sideways and establishes a support at 6.30, this might be a good price level to buy. If MACD crossed above signal line, coupled with the divergence in RSI and Price is also a good signal to buy.

MRC( Chart: Daily Resistance: 0.89/0.93/0.97 Support: 0.82/0.76)

MRC broke out from a symmetrical triangle. Volume is sufficient for a break out, but it needs to pickup more volume for it to have a strong move upward. Target price is 1.40. Buy near 0.82

DGTL ( Chart: Daily Resistance: 1.60 Support: 1.52)

DGTL is showing signs of divergence. Both RSI and MACD might be forming a higher low, while price formed a lower low. If price continues to establish support at 1.52, this would be a good buy level. There is also a falling wedge pattern forming with a target price of 2.1

In Retrospect: WEB, DMC, IPVG

WEB

Price moved sideways for WEB with the lowest at 0.46. Currently 0.046 seems to be the support. But this support level may still be tested this week as price can still move sideways to down. This is still eligible for range trading, but watch out for support level of 0.046 as it may be challenged and price can move down to 0.045-0.044.

DMC

Broke out of the triangle on the second trading day, but closed inside the triangle. The succeeding days also saw the price going to as high as 7.80 but still closing inside the triangle. The break out had substantial volume, but it seems that bears still has the upper hand at this time as it was able to prevent price from closing higher and maintain a closing price of 7.30. For this week, price may still move side to upwards. Watch out for resistance at 7.60 and 7.80. Looking at the larger picture, there is a symmetrical triangle that formed since 2005; its target price is at 9.0. This I think further confirms the target price of the smaller symmetrical triangle, but it may take a while for it to achieve the target price.

IPVG

Broke out of the ascending triangle, closing higher with substantial volume. MACD seems to confirm the break out, but RSI is near overbought level. If by Monday this stock gaps up, you can wait for the return move to get in.

StockWatch (April 30 – May 4, 2007): WEB, DMC, IPVG

WEB (Chart: Daily Resistance: 0.048/0.050/0.0525 Support: 0.046/ 0.044)

WEB is forming a symmetrical triangle. Price movement for this week may either move side to upward. This is very eligible for range trading. Recommendation: You could trade the range for this stock. Buy at 0.048, sell at 0.055. Watch out for resistance at 0.050/0.0525. Cut loss at 0.046.

DMC (Chart: Daily Resistance: 7.40 Support: 7.10)

DMC is forming a symmetrical triangle with target price at 8.90. Recommendation: Buy only on breakout. Price may still move side to downwards. Currently 65 day MA is providing support. Keep a close watch for this stock as breakout may happen this week. If the 65 day MA is broken downwards, expect a move further down to 6.90. If the price moves sideways for this week, we can redraw the support line and see if the symmetrical triangle is still intact.

IPVG (Chart: Daily Resistance: 7.10 Support: 6.40/6.30)

IPVG’s support was redrawn, and the ascending triangle is still intact. Price action may still move side to downwards. Recommendation: 6.40 is a good level to buy, but also watch out for dips to 6.30. Cut loss at 6.00

In Retrospect: IPVG, SM, DGTL

IPVG

Support at 6.40 held only up to Wednesday’s trading and went down to 6.30. But on the last trading day, price went back up. As of current, the ascending triangle is still intact. We still have the coming week to see if the dip to 6.30 was just temporary or if resistance at 7.10 will be broken this week. Recommendation: Hold. If price proceeds to move up, watch the volume at 7.10. Breakout volume should be more than 10M shares traded.

SM

SM broke down from the support line and went as low as 347.50, below the 65 day MA. Recommendation: Buy only on breakout. Although the ascending triangle is still intact, there is still a possibility that price would just move in a range between 347 and 375.

DGTL

DGTL broke out without volume. Price action did not even reach 1.90 as the 65 day MA already blocked its move up. Recommendation: Sell. There is a higher possibility of price to still move downwards.

StockWatch (April 16-20, 2007): IPVG, SM, DGTL

IPVG(Chart: Daily Resistance: 7.10 Support: 6.40)

IPVG seems to be forming an ascending triangle with resistance at 7.10. Target price for this ascending triangle is 9.10. Recommendation: Watch out if price continues to move down. Buy if the support at 6.40 holds.

SM (Chart: Daily Resistance: 375 Support: 360)

SM is forming an ascending triangle with TP at 425. Recommendation: Buy only on breakout at 380, cut loss at 370.

DGTL (Chart: Daily Resistance: 1.76 Support: 1.70)

DGTL is forming an ascending triangle with resistance at 1.76. Target price is 1.96. If it breaks out, it needs to take out the 65 day MA and the gap down at 1.90. Recommendation: Buy on breakout. Watch out for resistance at 1.90 if it breaks out without volume.