| Technical Analysis MVIS MIGP OSTK |
|
| Monday, January 15, 2007 |
|
Technical Analysis Update - MVIS, MIGP, OSTK Charts
I will have this update separated into two investor plays. I will also have a contest going on in the live seminar tomorrow for the closest entry price to mine that is guessed by subscribers. I am doing this contest to see the divergence that occurs between investors when they are about to enter a trade . Each investor looks at a stock differently and this contest should illustrate this quite well for you. Remember to come to the chat room tomorrow at 12:00 Eastern time.
Microvision Inc. - (MVIS) - Monthly Chart -Diversified Electronics -Not Optionable
MVIS is a possible long term investor play. When it hits entry at $3.00 I will be adding it to the portfolio table. Whatever you do, do not front run MVIS and buy it before entry triggers at $3.00. Wait for my buy alert e-mail. I have a long term price target of $10.00 a share. The reason I have this on a watch alert is because I believe that MVIS is going to repeat it's run from $3.00 to $10.00 as it did in 2003 to 2004. I believe it is also a repeat pattern from 1999 and 2003. This could end up being a play that triples in value. Now I do want to warn you not to put all your money into this stock alone without investing in any others. This is a play that will be held for a 12 months or longer once entry is triggered. It is not a swing trade or short term trade. Now let's look at the chart. The Monthly chart illustrates that MVIS is in a massive falling wedge reversal pattern. As you can see by look at the chart, this stock is being heavily accumulated, and has been for the past 5 months. The PPO is showing positive bullish divergence and the stochastics have sliced through the 4 year downtrend line to reverse up sharply. The WM% and RSI are following suit. Remember to wait for the buy alert for the best entry into MVIS. Investor Play only + 12 months time frame.
Overstock.com - (OSTK) - Monthly Chart - Optionable
OSTK is also another long term investor play. I want to buy this stock around $15.00. I believe OSTK is going to go to the top of it's down trending trading channel on the monthly chart. It will then reach resistance and retrace before it heads back up to the $30.00 area or higher. There is big money trading this channel. We will buy OSTK next week, and then sell it around $20.00 and then buy it back after a normal retracement. Long term price target is $30.00. The chart shows that it has completed it's 5 waves down and is now ready for a counter trend ABC move up to $20.00. Furthermore, you can see that the lows are most likely in because volume is drying up. The indicators and oscillators are extremely oversold. I would also like to add that OSTK is heavily shorted, the short interest is 45% of the float. Investor Play only + 12 months frame.
Mercer Insurance Group Inc. - (MIGP) Weekly Chart - Property Casualty Insurance -Not Optionable
This chart will be discussed in the trading room on Monday January 16th at 12:00 Eastern Time. Please note that there is a contest going on for the subscriber that guesses the best entry for this stock that is the closet to mine. Please read the first paragraph of this update.
Edited by Daisy
Andrea Victoria Friend aka Daisy
Editorial Assistant for Trending123.com
daisy@trending123.com
MVIS--MONTHLY CHART
MIGP--SEMINAR CONTEST STOCK FOR TOMORROW--VOICE UPDATE WILL EXPLAIN
OSTK
OSTK
|
