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 : AEV, VUL, UPM, PLTL

AEV
I was wrong with AEV with its support line. The stock went to as low as 7.70 before bouncing up. As of now 7.70 looks like a strong support for this stock. Watch out for a move upward towards 9 for this stock

VUL
I was wrong again with the support level for this stock. The stock went as low as 1.44 and a high of 1.54. But the symmetrical triangle is still intact.

UPM
UPM broke resistance, but the volume was not sufficient and the price went back in the triangle. It had a gap down Monday trading and may possibly test support at 0.70

PLTL
Had a valid break out, but the price went back in the ascending triangle. Succeeding days saw sell down of the stock with volume. Expect for prices to still move downward if 6.80 support doesn’t hold

Advisory: StockWatch for Feb 12-16 Will be uploaded later

Will post the analysis later. Forgot to do my analysis due to colds.

StockWatch (Feb 05-09): AEV, VUL, UPM, PLTL

AEV( Chart: Daily Resistance: 8.80/9.00/9.40 Support: 8.10/8.00)

AEV may be forming a symmetrical triangle, but it is still too early to confirm this, but at this point AEV is a candidate for range trading. Recommendation: Buy near 8.10. Sell when it goes below support. If a bounce from support happens this week, be on the look out for selling opportunities at 8.80 up to 9.40, these price levels may form resistance.

VUL (Chart: Daily Resistance: 1.58/1.64 Support: 1.50)

VUL is forming a symmetrical triangle with resistance at 1.64. The possible target is at 2.00. Recommendation: Buy. Sell if price went below 1.50. Watch out for resistance at 1.68 and 1.80

UPM(Chart: Daily Resistance: 0.77 Support: 0.70)

UPM is also forming a symmetrical triangle with resistance at 0.77. Possible target price of 0.90 and above. Recommendation: Buy on break out.

PLTL (Chart: Daily Resistance: 6.80/6.90 Support: 6.50)

PLTL is forming an ascending triangle with resistance at 6.80. At this point if the resistance is broken without volume, a bigger ascending triangle at 6.90 is a possible area pattern to break out from. Recommendation: Buy on break out.

In Retrospect : URC, MWC, TEL, PCOR

URC
URC broke the support at 18.50 and went to as low as 18 before closing at 18.25. Recommendation: Observe, price may either move sideways or down.

MWC
Broke out of a falling wedge, but it still needs to break out from the 65 day MA at 9.40. Target price is at 11. Recommendation: Buy, but be on the look out for the resistance at 9.40

TEL
TEL challenged the support at 2610 and went as low as 2570. Price may still go to as low as the next support at 2550. But price may bounce up from support within the week.
Recommendation: Buy near 2550, sell if it goes below support

PCOR
PCOR went to as high as 4.70 with very high volume. If this is a continuation of the break out last Jan 17, then the 4.70 target price has been reached.