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Sunday, October 24, 2010

TNDM update:


TNDM has finally made a definitive break out of its recent downtrend as of this month.  If you take a look at a shorter-term daily chart, you'll see TNDM is making higher highs and higher lows, which is consistent with the break out of a long-term trending channel.  From a technical standpoint, now may be a good time for entering into a position.

Monday, October 18, 2010

GMXR update:



 GMXR was unable to break trend line resistance last go round.  It tested said resistance again today (10/18) but was still unable to get through.  However, any amount of green tomorrow should lead to a break out.

Sunday, October 10, 2010

RDI set to test resistance again this week.

(Click to enlarge)

RDI appears poised to retest the 4.73/4.74 triple top again this week.  A break there would have this chart looking quite bullish.  As an alternative buy signal, look for RSI to break 61.  For more on RDI, see Andrew Shapiro's recent article, Substantial Debt Forgiveness at Reading International Should Boost Q4 Results.

Saturday, October 2, 2010

GMXR Chart testing critical resistance

(Click to enlarge)


GMXR has been in a downtrend for quite some time now.  When stocks have sustained long-term down trends, the first test I look to in determining whether its time to buck that trend and, thus, consider entering into a position is for it to break its long-term trend line resistance.  GMXR was able to test that resistance last Thursday but was unable to take it out.  Purely technically speaking, if GMXR can break that resistance this week upcoming, I think it could be good for a nice ride.


For more information on GMXR, see George Fisher's recent article on Seeking Alpha, GMX Resources: Ideally Positioned in Horizontal Drilling Sweet Spot for Natural Gas Bulls.

KOL Chart is heating up.

(Click to enlarge)


The coal ETF, KOL, has been on quite the tear lately.  Its recent bullish ADX signal suggests this current uptrend is the real deal.  Look for a break of the yellow trend line (currently ~39$) for confirmation.


For some other options through which to capitalize on coal, see Joseph Levy's recent article on Seeking Alpha, As Coal Heats Up, 3 Companies With Persuasive Coal Stories.