Our analysis is based on long term trends, and if they are promissing, short term analysis. First, we view the
3 year weekly charts, followed by a 1 year daily chart. This analysis allows you to view the larger picture and trend,
rather than just looking at a short term prospective. This way, you can use short term volatilty to your advantage, if the
long term trend is positive.
You will see a summery of the stock we are analyzing, followed by the 3 year and 1 year charts. At the end, you will see a technical analysis summery. That's it,
to the point technical stock market analysis daily!
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Technical Analysis for February 6 2006
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| STOCK: RAYMOR INDUSTRIES RAR |
WEBSITE: |
| CURRENT PRICE: 0.57 |
TREND: SHORT TERM DOWN, LONG TERM UP |
| TARGET PRICE: 9.50 |
RECOMMENDATION: SPECULATIVE BUY ON WEAKNESS |
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Long Term Chart (Weekly 3yr) - To view the bigger picture
Charts Courtesy of StockCharts.com
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Short Term Chart (Daily 1yr) - Where to take a position
Charts Courtesy of StockCharts.com
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This small cap Canadian company is displaying some interesting signs on both its long term and short term charts. On the long end, you can clearly see the price pop last week, but with little follow through to stay at its high, which doesn’t bode well for the stock. On the other hand, the MACD is looking for a positive cross over in the coming week or so, which is extremely positive, and could cause the stock to yield impressive gains. On the short end of things, the MACD is coming down here, and shows the massive selling after a 40% gain in the stock, but also shows the stock closing well off of its lows of the day, and also shows support at its 50 day moving average, which is another positive. Also note the MACD turning down here. Overall, a lot of mixed signals on the short end and the long end, so caution is advised.
Bottom line, the long term MACD is the indicator of choice, and suggests a positive moving coming up, and the short term volatility should be used to take advantage of a short term consolidation phase, albeit, a small position until the stock confirms movement in the upward direction.
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