Novacaine's Technical Plays

[Novacaine]

I will use this thread to post strictly chart plays that I feel are due for gains. Some will move some will not so play at your own risk. Most are bottom plays that have been beaten down for one reason or the other. Most of them for good reason so again, use caution if playing along and set tight stop losses.

AAGH - This one looks primed for a nice move off bottom to me. Need to see a break over MA 10 tomorrow to continue todays nice bounce.
AAGH - SharpCharts from StockCharts.com

SIXF - Making a nice reversal today. If we break over .23 area we may test .27 area next. There is a gap that needs to be filled at .25. Lets see if we can get it done on this move.
SIXF - SharpCharts from StockCharts.com

CHFI - Chart not showing signs of a true reversal but does look like a bounce possibility. Trade only here IMO.
CHFI - SharpCharts from StockCharts.com

Good luck!

[Novacaine]

CHFI going nicely today. Currently printing .14s from .06 - .07 alert area.

[thegreatgate]

Originally Posted by Novacaine

CHFI going nicely today. Currently printing .14s from .06 - .07 alert area.

Nice....5-day MFI on your chart was at 1.26....I've never seen that before

[Novacaine]

Originally Posted by thegreatgate

Nice....5-day MFI on your chart was at 1.26....I've never seen that before

Thx, I like to combine lots of short term (fast reacting) indicators along side of longer term (Slower reacting) indicators to give early buy and sells signals.

Another nice day on CHFI as it hit highs of .296 before closing at .20

AAGH on the other hand has managed to kick my teeth in thus far which happens from time to time when trying to call bottom.

SIXF gonna keep it on watch as I feel it at least should test MA 20 again. Would like to see it break through that MA but hard to say that it will in this market.

[Klipper22]

Originally Posted by Novacaine

Thx, I like to combine lots of short term (fast reacting) indicators along side of longer term (Slower reacting) indicators to give early buy and sells signals.

Another nice day on CHFI as it hit highs of .296 before closing at .20

AAGH on the other hand has managed to kick my teeth in thus far which happens from time to time when trying to call bottom.

SIXF gonna keep it on watch as I feel it at least should test MA 20 again. Would like to see it break through that MA but hard to say that it will in this market.

CHFI classic pincher play that popped. AAGH has been a pig for years. I've played it many times. When it pops, it generally pops pretty hard. SIXF from a chart standpoint is a little screwy, but it is certainly worth keeping an eye on. A lot of delisters make a pretty nice recovery and I think that Six Flags has the potential to be one of those companies. All just my opinion. Good luck!

[Novacaine]

SIXF is rockin peeps!

[Novacaine]

CHFI hits .33s today from .06 - .07 alert area.

SIXF is a beast of a play. Hitting .59 highs from .175 alert.

[Novacaine]

FGOC - Pincher play looks to be shaping up for a nice bounce. Current price .073. I entered at .07 today. GLTA