Stochastic Indicating buy signal on the 240 chart as the signal line prepares to cross after over sold conditions. This comes after the bounce off 52 week low support. It also looks to have bounced off both horizantal support at 3.30 and a diagonal trend line.
The risk reward on this one has become very attractive. Set stop a little below recent support at around 3.20. Targets are 4.87 about (41%) and 5.80 (67%). If you want to go for more conservative targets 3.89 and 4.29 are good shots.
I don't know how scientific this is, but I like to try to imagine the bollinger band path to visualize some of the possible paths a stock might travel. I don't use this for entry points or targets, but rather as a way to quickly see if the stock is moving in a way I'm expecting or against how I thought it would behave. I can tell if I'm being too bullish or not...
There are several things about NSPH that have peaked my interest. First the breach of a couple of downtrend lines indicating we've found a possible bottom signaling a reversal in trend. Second some bullish crossovers about to take place. The 5 day, 10, and 20 sma are about to cross the 50 sma on the 240 chart. When I see multiple faster trend lines crossing a...
I wouldn't be surprised to see this hit around 20.50 tomorrow or the next day as there isn't very much resistance here. Because of the thin resistance above that, I could see it hit 22.64 right around the 50MA.
$FGEN looks to have a good chance of breaking out. Strong insider buying, along with the dbl bottom earlier in the month, and very thin resistance makes this one look like low hanging fruit with possible huge upside.
1st target 20.48
2nd target 23.25
3rd target 27.32
Showing some major upside as dbl bottom formed earlier with major increases in volume from before May. There isn't a lot of resistance here and could easily hit 23. I don't show it on this chart, but what's really exciting about this one is it has the potential to get up to 26 or even 28 in a hurry. There just isn't much resistance over head.
An interesting squeeze in the Bollinger Bands on the 3 hr chart is indicating a decent sized move is going to take place in the near term. Given support at 9.90 I'm thinking it's going to be up.
When MACD crosses 0 that's a strong indicator it's going higher. It's already bullish because it is over the signal line, but watch for the break above zero.
