Registered User
Joined: 10/7/2004
Posts: 2,181
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If you're a short term trader, I suggest keeping an eye on this.
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Registered User
Joined: 10/7/2004
Posts: 2,181
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This stock tends to take big jumps. I've gotten double digits in a day before with this one.
A break over $8.49 could be a big move.
I'd stay away if it goes below $8.11.
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Registered User
Joined: 10/7/2004
Posts: 2,181
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I think this is headed for $13 or more.
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Registered User
Joined: 12/5/2004
Posts: 49
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For what it is worth. Looks good to me.
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Registered User
Joined: 10/7/2004
Posts: 2,181
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This is slowly creeping up. When it passes 9.63, I think it will fly.
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Registered User
Joined: 3/21/2006
Posts: 4,308
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I am starting to like this as well TB, The December high did smack into the resistance from April/May but I think that it is going to break that on this next run.
MACD is right at the zero line, and the ma is climing, BOP is strong, TSV & MS are both headig north..
There is also a white engulfing candle.. I think that as it rises above $9.00 is the time to buy...
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Registered User
Joined: 10/7/2004
Posts: 2,181
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I'm actually hoping for a doji resting on the 20-day lower bollinger band. I'd love to pick it up around 8.50 and set a tight stop.
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Registered User
Joined: 12/22/2006
Posts: 26
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Tobydad, APSII,
Any more thoughts on IIJI? It’s dropped significantly in the last few days and right now it’s hovering below the 50 day MA and volume has dropped off, but the 50 MA is still well over the 200 MA.
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Registered User
Joined: 3/21/2006
Posts: 4,308
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I am still in the same mind as my earlier coment, If it clears $9.00 then I would buy(knowing that it might bounce back down at the resistance of $9.63) only 7% gain. If you buy enough shares that alone will be a good profit..
The biger picture on this to me looks like it is under accumulation right now and that at some point it will break through that resistance. But in the meantime it could even come down a little more.
Keep it on a watchlist and be patient, I have 4 or 5 of these that I am waiting for.. We'll get there...
Just my opinions...
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Registered User
Joined: 12/22/2006
Posts: 26
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I'll be watching...thanks APSII
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Registered User
Joined: 10/7/2004
Posts: 2,181
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I think apsll has hit it right here. I'm thinking about a week or two. I'll be buying in the low $8's with a very tight stop loss.
As long as the 20-day lower bollinger band dips down and starts to come back up to put upward pressure on the candlesticks (bars, line, what have you); I think we'll be ready to go.
Slightly longer term, my guess is that this one will be good for a quick 5% here, 7% there. But about 3 months from now, it's got to make a decision which way it's going, then...watch out (one way or the other).
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Registered User
Joined: 2/23/2006
Posts: 102
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I'm out. Was never in but I'm still out. The lack of RS this week did the trick for me. Too many other plays. Reminds me of the joke... "that dog won't hunt".
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Registered User
Joined: 10/7/2004
Posts: 2,181
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Did anyone else get in? I don't think this one is done.
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Registered User
Joined: 12/22/2006
Posts: 26
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Missed it! I've had it on my watchlist for quite awhile, but was all in on others when it started moving.
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Good lesson for me, I also had this on a watchlist and even swore to buy if it reached $9.00..
I have been so preoccupied with learning Intraday analysis that it got by me..
It still looks like a good buy above $10.00
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Registered User
Joined: 9/21/2005
Posts: 566
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apsll,
What made you choose $9 as the point you would have entered the trade? I copied your earlier post below:
Posted : Friday, January 12, 2007 10:40:02 AM
I am still in the same mind as my earlier coment, If it clears $9.00 then I would buy(knowing that it might bounce back down at the resistance of $9.63) only 7% gain. If you buy enough shares that alone will be a good profit..
The biger picture on this to me looks like it is under accumulation right now and that at some point it will break through that resistance. But in the meantime it could even come down a little more.
Keep it on a watchlist and be patient, I have 4 or 5 of these that I am waiting for.. We'll get there...
Just my opinions...
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Registered User
Joined: 3/21/2006
Posts: 4,308
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If you scroll back to 1/05/07 the date of my original post, the curent information that I had at the time was the candlestick from 1/04/07
I felt at the time that a consolidation pattern was forming, and that the highs were kissing the top of the resistance from March 06 & September/October 05
The high for 1/03 & 1/04 was $8.97 & $8.95 thus I concluded that $9.00 was the magic number to break through..
Now fast foward to 1/12/07 the date of my second post (the curent candlestick at that time was from 1/11/07) I believe it was gst1980 had asked for some input of either Tobydad or myself.
I responded at the time that my feelings had not changed much from my 1/05/07 post
Had I known that a Hammer candlestick would form that very day (1/12/07), Then I would have been able to benefit from the run that is currently under way..
And it is still my intention to climb aboard above $10.00, I think that this stock has a lot of upside potential...
I hope that I have answered your question...
Apsll..
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Registered User
Joined: 10/7/2004
Posts: 2,181
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In case anyone else is watching this or in it with me, I'd suggest tomorrow would be a good day to be out of this one. It could go higher right away, but I think it's due for a rest.
Looks like a minor exhaustion gap today. Price has nothing from which to push off, it's just floating out there. Like the rugby player that needs to let his support catch up to him.
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Registered User
Joined: 9/21/2005
Posts: 566
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apsll, good feedback.
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Registered User
Joined: 10/7/2004
Posts: 2,181
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I guess I should clarify that I mean be out of this one only while it corrects. I still believe we could see $13 or so on this one.
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Registered User
Joined: 10/7/2004
Posts: 2,181
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By the way, this has just passed a significant resistance trendline. There is more resistance around 10.60, then it has some room to run (I think/hope).
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