Monthly Archives: January 2008

ASTI

ASTI: Ascent Solar Technologies, Inc

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ASTI ChartASTI is looking as though it may bounce off of it’s trend line in the next few days.  In the chart i posted with this summary you can see three points on the trend line; the last being today.

The RSI is a bit above 30 and if you look back on the chart it rarely gets down to 30.

There is also about to be a roll over on the stochastic.

MACD, to me, is a bit ugly and a bit of a concern as I personally like MACD signals a lot.  I think that it may be good to wait on this one for the price to either cross or bounce off of about $15 and see whats going on.  If it crosses under and comes back up through on strong volume, then it could be a nice ride to 18-19 dollars.

I think buy around $15, and sell around $19… or after $19 just put a semi-loose stop loss on and ride it as high as you can. 

DNDN

DNDN: Dendreon Corp. (Day Trade)

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DNDNCheck out this trade on DNDN. The graph is from TDAmeritrade so it’s not consistent with the other images of charts on the site, but it was a pretty predictable move during today’s session.

The ridiculously huge yellow blobs show entry and exit points at about $6.72 for the entry and $6.90 on the exit. That is about an $.18 cent profit per share and while it’s not much, i feel this was a relatively safe trade and you can’t beat that.

The setup was based on a symmetrical triangle. While it looks very close to being a bearish descending triangle, the bottom support is actually slopping upwards. Giving consideration to the over all upward trend of DNDN for the day and the first low just after market open i think it is safe to consider this triangle symmetrical.

I chose the break out of the triangle as the entry point. Further confirmation was given by the Stochastic cross just before the break out.

My sell point choosen based on the consolidation that started happening around $6.90. Better to lock in some returns IMO.