Feb

13

ACTU: Actuate Corp

February 13, 2008 | 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

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