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GigOptix, Inc. Message Board

profitasyoucan 3 posts  |  Last Activity: Jun 2, 2016 8:36 AM Member since: Apr 25, 2006
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  • profitasyoucan by profitasyoucan Jun 2, 2016 8:11 AM Flag

    We are having a big Adam and Eve "double bottom Feb 11th & May 6th" chart formation yet to be completed, presently with a nice Cup and Handle at the moment . Excellent support holding just "above" the high trending/trading range. Classic low volume on the handle with a very good chance of heading to its breakout confirmation point of 3.01 very soon. Once it breaks thru with "good volume" & holds a close of 3.02 or higher that signals a buy for the uptrend to High 3.42 PPS. NOTE - Go to Finviz dot com then quote GIG with the "advanced chart button" at the top of diagram you will see the trend lines. The algorithm is supporting the end of the day trades to keep it above the high trading range. Accumulation/Distribution is on the increase! RSI is at 60 so my expectation is going to 3.10 - 1st see if RSI has any more room if at 70 at that time. I would expect a pause small pullback to 3.04 area to lower RSI then a continued uptrend to 3.42 area. Love to see that occur before ER in July!! Remember do your own DD. - Profit

    Sentiment: Strong Buy

  • Reply to

    I'm out so now it will go up!

    by sapplee Jun 1, 2016 2:57 PM
    profitasyoucan profitasyoucan Jun 2, 2016 8:22 AM Flag

    Sorry. I don't think an inverted Head and shoulders ever has either shoulder lower stock price than low for the inverted Head. I am surprised you did not want the soon breakout from the classic Cup with handle. 1 year chart screams it out loud! Good luck and I hope you made some Green for yourself........who knows I could totally be wrong........ - Profit

  • Reply to

    Hi guys - Here's my take

    by profitasyoucan Jun 2, 2016 8:11 AM
    profitasyoucan profitasyoucan Jun 2, 2016 8:36 AM Flag

    So what is a fail scenario of the current uptrend..... If the stock price while in the handle closes below the high trending/trading range PPS currently showing 2.79 for todays date. You would hold off buying until it breaks thru the trend line again. I do not see that fail scenario happening. But hey, I could always be wrong....... - Profit

GIG
1.89-0.12(-5.97%)Jul 29 4:00 PMEDT