Article: Time to Make a Move - Looks at IMGG, CLDX, and PWAV
The writer takes a wait and see approach: "The weekly chart of PWAV makes it all a little clearer. We've seen a string of higher high and higher lows - barely - from Powerwave Technologies shares over the last several months. The bulls keep coming back for more though, and I've got a feeling one of these days (soon), we'll see this chart regroup, make a smooth and sustainable run past the upper ceiling, and then accelerate to new highs. It's worth watching and waiting for in the meantime..."
People managed to make some strong profits in IMGG but the price action on Friday could highlight more weakness in the short-term. The stock rallied to a high of $0.365, which was above our price target of $0.35. After hitting the high a lot of investors took their profits off the table. Although IMGG ended the session in positive territory it gave up a lot of gains. A positive open on strong volume could trigger another rally but people are looking for opportunities to decrease our position.