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Lions Gate Entertainment Corp. Message Board

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  • wanna_million_or_2 wanna_million_or_2 Jul 28, 2012 10:41 AM Flag

    Technical tea leaves analysis 7-26-2012

    Looking ahead, we have a bullish signal with a price target of $19-20 if we close above 14.63 on Monday:

    Symmetrical Continuation Triangle (Bullish)
    Tells Me: The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. A Symmetrical Continuation Triangle (Bullish) shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks out above the upper trendline with a noticeable increase in volume, confirming the pattern as a continuation of the prior uptrend
    To avoid taking an inadvisable position in a stock, some investors advise waiting a few days to determine whether the breakout signals that the price is ready to move. A key sign of a possible false move is low volume. If there's no pick up in volume around the breakout, investors should be wary. Typically, a good breakout from a Triangle formation will be accompanied by a definite surge in volume.

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    • MACD and DPO show a movement up. Volume low because everybody waiting for the Qtrly EPS. We need an upside surprise. Yet if EPS just okay and we have a sell off, I think the buyer will come in at $13, I know I will. Breaking Dawn Part 2 coming in November, takes out almost all the risk of owning the stock as typically movie stock rise the weeks before a major release.

      Anyway, I am a holder for the twin releases in November 2013 _ Ender's Game and Hunger Games. I have never seen a movie stock have two blockbusters in the same month - image having two movies that each generate 1 billion in revenue. WOW! I plan to double my position next summer. The build up to November, 2013 will certainly push the share price of Lionsgate to new highs.

 
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