IEAM -- will bounce soon

[bahroor]

add to your watchlist.

534 (http://stockcharts.com/h-sc/ui?s=IEAM%20&p=D&b=5&g=0&id=p39571835761)

[metalheadrr3]

Man so many choices so little money. DRL, FMTI, DROOY, WJCI ... can't keep up with all of them. Once we see some positive movement it could be some easy money though. I'll be wathcing.

[TheChartGuru]

IEAM showed up in my oversold scan 4 days ago when it dropped and formed the long tail. Sometimes stock bounce the next day, but I rather wait for some confirmation signal like a doji, hammer or small spinning top. IEAM is a good reversal candidate now, because it has found support around $3 and the candles are getting smaller in the oversold area. Keep these important areas in mind. Today's S1(1st support) is $2.99 and the very important Pivot is at $3.18. R1(first resistance) is $3.31. IEAM has not been able to cross and hold above the Pivot in the last 5 days. Today should be the day. If it crosses $3.18 this morning and holds above it for at least 15 minutes, that will be the sign that it will run. Good luck everyone.

The Guru has spoken

[TheChartGuru]

It crossed the Pivot. In 2000 shares at $2.27.

The Guru has spoken

[bahroor]

still can't get myself to pull the trigger yet, GL!

[bahroor]

In at 3.25

[ub3rn00ber]

TCG i hope you ment 3.27. How long do you think it will take to get a nice pop?

[Jordan]

Looking good, now at 3.48

[bahroor]

out at 3.54 for a 9% gain.
Have a good weekend everyone!!

[computeraces]

This one went up 25% today. Nice call. I missed the boat again today.

[meth]

This one went up 25% today. Nice call. I missed the boat again today.

join the club...i actually saw this when it was moving, but i kept thinking it was going to stop. :(

[bahroor]

ok, well, I got out a little early..

[TheChartGuru]

join the club...i actually saw this when it was moving, but i kept thinking it was going to stop. :(

Like I said before, watch the Pivot, S1,S2,R1,R2 and the 15 and 60 minute charts to keep an eye on the trend.

The Guru has spoken

[ub3rn00ber]

Why did i go afk... I missed getting my money out b4 monday, hopefully it dosnt gap down monday morning.

[TheChartGuru]

Why did i go afk... I missed getting my money out b4 monday, hopefully it dosnt gap down monday morning.

I think IEAM is going to gap UP Monday. Today it formed almost a perfect Marabuzo and I wouldn't be surprised if it goes to $4.85 on Monday to fill the small gap. Good luck all.

538 (http://stockcharts.com/h-sc/ui?s=IEAM%20&p=D&b=5&g=0&id=p39571835761)

The Guru has spoken

[ub3rn00ber]

If it does that ill owe you another steak dinner. :D

I didnt get my full order filled but i still got half, to bad...

[metalheadrr3]

I'll owe someone something. I got in at 3.25 so a 20% gain in 1 days is plenty for me. A gap up is icing on the cake.

[Jordan]

I think IEAM is going to gap UP Monday. Today it formed almost a perfect Marabuzo and I wouldn't be surprised if it goes to $4.85 on Monday to fill the small gap. Good luck all.

http://stockcharts.com/h-sc/ui?s=IEAM&p=D&b=5&g=0&id=p00743104013

The Guru has spoken

So are you holding going into Monday, or did you already sell?

[metalheadrr3]

Man I just realized I have a history final at 9:30 monday morning. I'm thinking about putting a protective stop on this so in case it opens down I won't lose my profits. But by the same token I don't want it to drop a bit only to climb even higher.

[TheChartGuru]

So are you holding going into Monday, or did you already sell?


I am holding IEAM. We'll see what Monday brings. Remember, stocks like to reverse their trend around 10:30-11:30AM.

The Guru has spoken

[ub3rn00ber]

Remember, stocks like to reverse their trend around 10:30-11:30AM.

You are talking about the trend for that day, right?

[TheChartGuru]

You are talking about the trend for that day, right?

Yes, I meant the trend for the day. Look IEAM's daily chart on Friday. Noticed how it took off at the open, then pulled back and consolidated until around 11AM when it began to make some noise, then at 12pm it broke out.

Another example was TNEN. It had a big run on Thurs. On Friday's open it began to sell off until around 10:15 where it bottomed out and at around 10:20 it broke out again.

It's always a good rule of thumb to wait until at least 10AM before trading, unless you see a stoc like TNEN on Thurs where it went flying right out of the gate.

The Guru has spoken

[Jordan]

Good start

[TheChartGuru]

sold at $3.96...will probably buy again after the pull back below 3.80

The Guru has spoken

[TheChartGuru]

running again. playing the momo. Back in 2000 shares at 4.08
Looking at the 30 and 60 minute charts, it has lots of headroom ahead

The Guru has spoken

[metalheadrr3]

Bah, sold out at 4.25. Had a limit order set; just got out of my final to see that it was filled. Oh well, not complaining. 30% in 2 days is nothing to be upset about .... sure better than a sharp stick in the eye

[TheChartGuru]

out again at 4.28. getting close to the reversal time of the day. looking to short it on the way down. currently, at 4.29

The Guru has spoken

[TheChartGuru]

Bah, sold out at 4.25. Had a limit order set; just got out of my final to see that it was filled. Oh well, not complaining. 30% in 2 days is nothing to be upset about .... sure better than a sharp stick in the eye


Buy it again when it pulls back. It wants to run to $5

The Guru has spoken

[Jordan]

Nevermind

[TheChartGuru]

You are talking about the trend for that day, right?

It's 11:02AM and IEAM is pulling back from the high of day. Some stocks work like clockwork. I'm now watching DRL to reverse from it's DOWNTREND. It works both ways. DRL, currently at $2.89

The Guru has spoken

[bizqwik]

up 25% today, how high will this go?

[bahroor]

up 25% today, how high will this go?

I think it will be a good short soon.

[TheChartGuru]

up 25% today, how high will this go?

It has a small gap to fill at $4.84, which is shy of today's close. If it clears 4.84, it will run past $5

The Guru has spoken

[metalheadrr3]

Hate getting out early. Oh well. DRL and DROOY should provide some excitement tomorrow.