maxtorrent

maxtorrent

The stock has formed a double bottom around the $ 500 mark. Stochastic indicator is recovering from the oversold level; RSI too is rising. Could consolidate here before slowly climbing to $ 597 levels. Point of caution 5 min chart stochastic in the overbought area! In other words the current price may not be an ideal buy level.

maxtorrent

50 DMA testing 200 DMA, indicators near oversold, Dec 7 options expiry, created a double bottom around $ 518...looking for a bounce

maxtorrent

Expect to find support at the 9 DMA $ 562 on the downside.Options expire Nov 30th expiry with strike of 590 with the most overbought Put/Call Ratio of 0.23, that seems to be the price cap on the upside till the expiry.

maxtorrent

The first target seems to be $580.66, good volumes and indicators rising quickly from oversold zones

maxtorrent

All oscillators are in oversold zones. 200 DMA at 1380.71 and FIB 23.6 at 1378.99, could see some support here and a counter-trend (bounce) for a few days.

maxtorrent

Support between 1426-1415, stochastic near oversold zone. 3 sub-wave lateral correction too would complete in the support area. From the looks of it 15-20 points downside here, before the wave B up begins...

maxtorrent

Tested $35.25 (76.4 FIB) bounced off 9 DMA & lower channel support, expect a quick pull back, once the lower channel is broken, to $30.23 (200 DMA). Further all the indicators very overbought. The price channel is steep and if the price cannot rapidly accelerate then the chances of meandering out on the lower side are high triggering a quick correction in prices

maxtorrent

Why tech parameters don't work with GS...see the volume especially at the start of the day...its usually pushed up so high to deter short sellers and manipulates the ultra short term trend!

maxtorrent

The neckline of the previous HS, the top of the wedge and wave 3 coincides! Wave 4 contra-trend could range between 101.46-99.57. Thereafter a Wave 5 (provided it is not an lateral extension) could take it as high as 109.64. Its looks like a 2 way ride for now

maxtorrent

Rev HS pattern with a target of 50.43 in 22 days from 08/27/12

maxtorrent

As per EWT the minor wave (5) cannot close higher than the major wave ((5). Hitting the upper Bollinger Band, Stochastic has crossed, %R is dipping. Analyzing whats available correction possible to 1359-1339 levels...wave ((C)) target though is 1247 (Fib 50%)

maxtorrent

Looks like the rally is done for now, all indicators overbought zone. Will test lower channel support @ 1385 but could be a slow run down beginning Tuesday. For the longer term this may be pan out to be a double top so may not see these levels again.