THQI: THQ, Inc

THQI chartTHQI appears to be setting up for a break out in the near future.

MACD is under 0 and is moving north.  In addition, it just had a bullish cross.

RSI is also moving north and a couple days ago just passed through the 80 mark which is considered a bullish signal.

STO is a little iffy imo.  The slope of it’s vertical ascent is looking a little too steep, BUT they lines have been layered in a bullish pattern since May 12th.

Resistance levels are setup pretty clearly on this chart.  You can easily spot that the price needs to bust through the $20.82 mark and we could be on our way up.

One concern is that today’s push upwards came on OK volume, but it could have been stronger.

  • Buy = Cross through $20.82 with good volume
  • R1=21.63  Fill the gap
  • R2=22.83
  • R3=23.84
  • 2-3% Trailing stop loss

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