Monthly Archives: February 2008

HMY

HMY: Harmony Gold Mining Co.

Leave a comment

harmonyI think that with Harmony Gold there is an opportunity to steal a couple points in the near term future.

Check out the chart on the left; HMY has clearly been trading in a channel that began around August and is still moving side ways. Currently, we are near the bottom of the channel and based on the past results, there should be a rise up to the channel’s upper resistance.

I think buy now (currently$10 bucks), sell if there a cross through the lower support @ about $9.48. When the price moves up, i think a safe/conservative move would be to sell around $11.

EFII

EFII: Electronics For Imaging, Inc.

Leave a comment

EFIIQuick and Dirty: EFI is showing the same cup and handle as e*trade setup. The price action looks nice, RSI is bastardly beautiful and MACD is trending upwards but i have to say, the Slow STO is ugly as hell. I would suggest watching what happens on this one as the signal on the STO says EFI is over bought.

The cross through the 20 day EMA is nice, but will it be enough?

PATIENTLY wait and see if EFII can move upwards across $15.28. If it can, then ride it up as high as possible with a trailing stop loss of a few percentage points.

ACTU

ACTU: Actuate Corp

Leave a comment

actu chartI think this chart of ACTU has big potential for a break out.  Check out the setups on the RSI, MACD and Slow STO.

RSI is trending upwards with three touches on the trend line indicating a pretty solid/strong uptrend in this indicator.

The MACD is JUST about to have a bullish cross and is under -.50.  Additionally, i like the down trend the MACD had before this cross setup formed.  It’s a gradual down trend that bottomed/slowed, and is now coming up.  Nothing crazy like UP DOWN UP DOWN.

Slow STO is on the way up and still under 50.  This trend line is a bit like the RSI uptrend where it looks strong and consistent.

The price chart looks strong and could even be inside of a bullish triangle (not noted on chart).  Resistance @ about $5.00 looks somewhat weak IMO, and this may be indicative of even more potential for a break out above the $5.00 level.

Buy upon crossing up through the $5.00 resistance line and look for New resistance just under $5.50.   A ride like that could mean 10% in your pocket!

Buy when

ETFC

ETFC: E*Trade Financial Corp

Leave a comment

etradeEtrade! The big dipper, lol. Check out the setup on Etrade’s chart. IMO, it looks like a cup w/handle. The handle is a little bit small so this could be a false signal, but the cup and handle shape is definitely there.

As some may already know, the cup with handle formation is a bullish continuation pattern that basically involves creating a cup, then a small handle right after, and finally a break out upon busting through the handle’s resistance.

I think if ETFC can bust through it’s handle’s resistance it will be a nice break out. This company’s stock has taken an unjustified beating.

Buy if the price breaks out above $5.10-$5.20. Put a stop loss on it and if it explodes upwards, look for resistance just under the $8 level.

RFMD

RFMD: RF Micro Devices, Inc

Leave a comment

So this lovely chart of RFMD shows a nice drop and start of a base.  What i find attractive is the cross above 30 on the RSI and uptrend being displayed by the Full STO.

rfmdThe stock is cheap at this price compared to it’s historical performance and if looking @ a 3 year chart you can see that the RSI has only dropped below 30 three different times.

The current stock price is trending upwards and looks nice.

Buy over $3.20-$3.30 on confirmation that it’s running and i think there is a free ride to about $3.60 then possibly over $4.00.

MNTA

MNTA: Momenta Pharmaceuticals Inc

Leave a comment

mntaOn the left is a chart of MNTA.  The chart had been showing signs of significant basing action during the month of January and is now back up testing the resistance from late December of 2007.

There appears to be a channel forming with clearly defined support at  at $7.27 and resistance around $7.90 or so.

I think this is a break out candidate if it rises above the resistance @ $7.90.

Buy over $7.90 and put a tight stop loss to ensure the gains are not lost.Â