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 March 1 2006
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| STOCK: TAHERA CORP (TAH) |
WEBSITE: www.tahera.com |
| CURRENT PRICE: 0.79 |
TREND: SHORT TERM UP, LONG TERM CONFIRMATION REQUIRED |
| TARGET PRICE: 0.95 (If resistance broken) |
RECOMMENDATION: SPECULATIVE BUY |
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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 is our second time analysing this stock this year, and we thought we would provide an update because of the many repeated requests we’ve had lately. If you want to view our initial analysis from January 13, please click here
. Taking a look at the charts again, we have seen the recent consolidation in this stock, which is always healthy in any sustained run up. Taking a look at the long term chart, there are a couple of things you should take note off. First of all, the price has not broken its trend line, so it is still maintaining its upward bias. The second notable is the accumulation distribution indicator at the bottom of the first chart. You can clearly see that this stock has been under massive accumulation since November 2005, which is also a positive for this stock. On the negative front, the MACD may still be heading lower here, but there is no concrete evidence of this yet, but should be noted at this point. On the short term chart, you can see the price increase from its consolidation phase, as it approaches its resistance just above $0.80 which should be watched closely. The indicators are both pointing upwards as well, as the MACD is looking to make a positive cross over, as is the RSI, moving up from its prior over sold level. The last positive point from the short term chart is its ability to stay above its moving averages, both the 50 day and 200 day averages.
Overall, things are looking fairly positive on the short term chart, but confirmation is still required on the longer term chart. If it can break above its resistance level, this stock should be an interesting hold as it moves upwards from there.
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