No liquidity AH, but stock action tends to follow AH action so I'm giving this a stab... Gap down around $5.9 followed by a dip to $5.5, and back up next week tp $6.25 for a gap fill. Looks like a sell the news type event, but earnings were pretty good, so no reason for a tank. In fact, revenues increased 10% Q/Q, and next quarter includes Christmas when a lot...
Earnings AH, options have a 20% movement priced in. So we're looking at $7.5 (one of my target points when this broke out) or $5 support. I'm long because I think they beat. $5 calls with profits from trading this the past 3 months. I don't think technical or chart patterns really mean much, either they beat or they tank. It's sitting right in the middle of...
Entry level $6.40 = Target price $10.00 = Stop loss $7.00 Average analysts price target $7.75 | Buy P/E ratio 39.86 Strong base built with a major breakout imminent. Indicators bullish as is the current C&H pattern that is developing. Earnings approach and positioning may ignite a small rally, pre breakout. Smith Micro share price has appreciated a staggering 240%...
Entry level $6.40 = Target price $10.00 = Stop loss $7.00 Average analysts price target $7.75 | Buy P/E ratio 39.86 Strong base built with a major breakout imminent. Indicators bullish as is the current C&H pattern that is developing. Earnings approach and positioning may ignite a small rally, pre breakout. Smith Micro share price has appreciated a...
We are Bullish on Smith Micro Software, Inc (SMSI) as at October 15, 2019 and will now start to build a long term position
Weaker than I thought it'd be today, looks like it's coiling, didn't do the pre-earnings runup until the third week in Oct last year, so I assume it's coiling for the move next week. If it drops the next couple of days, I'm adding.
Damn thing keeps hitting my $5 target, lol. I should've bought puts the first time I charted that target. In any case, I don't think this gets any love until the week before earnings, if that. Start looking at it in a week or two. I expect big movement, probably will only buy 2k shares. Someone remind me, lol.
Obviously did not form a pennant as I expected, the end of the day drop seems to indicate an intraday bear flag pattern with target of around $5 again. Complete lack of accumulation on any time frame, though hourly and 2 hour charts seem to show that it's about to go oversold again, so probably a bounce up around $4.75 to $5. Still bullish long term on this...
So it hit the $5 target, more or less, and moved up, but the movement is pretty weak. Software sector is still not getting any love, SMSI will move with the sector since it's been a while since earnings. I expect a dip before the next move up, probably forming another pennant. No position right now.
Hourly indicators are actually bullish, but 3 separate chart patterns indicate a target of $5. Pattern is very similar to the 2015 rally, if the market keeps selling of software companies, this could hit gap support between $4.5 - 4.75. Long term, everything depends on earnings.... I'm still bullish, waiting for the pullback.
SMSI is forming a pennant on the hourly chart, MFI divergence suggests a downward break, but an upward break would finally get this to the $7.25 target I was talking about a month ago. No position, just watching this bounce around
Still bullish on this, still looking for an entry point. You can see that MFI goes oversold on 2 hr chart before any big bounce. Watch your indicators and watch the general market as well. Market's probably gonna drop tomorrow and bounce Thu or Fri for a short term play. Probably not gonna put any back in my 401k until it gets around $5 (if it does). I expect...
I've been expecting the market to tank so I haven't been paying attention to this stock, no interest in going long on stocks when the market tanks. Anyways, looks like SMSI formed a wedgie, downward target is around $4.9. I am not shorting this, looking for a buy point again. Looks like anything below $5 is a buy, I expect it to hold gap support. I could be...
I'm bullish on this stock, but I sold all of it last week. Looks to me like it's going to do a slow decay as speculators lose interest. That's typically what happens when a stock doubles in a couple of weeks. It's coming off an overbought condition on the daily, will look at it again when RSI gets close to 50. There are better stocks to play with, almost...
So I've been adding on this bear flag, and we finally got that pop.... I'm bullish on this stock, but it seems to cycle between overbought and oversold on the intraday (15 min to be specific), so I unloaded (at $5.95) all of the shares I added to lock in some profits, I'm back to 3k shares. Will add again if MFI goes oversold on 15 min chart. I drew some...
I like to post both bullish and bearish scenarios because either are always a possibility. The bearish scenario in this case is that the initial gap was one of the three drives in which case this is headed down. My add point is $5.15 based on this chart, I plan to sell some if it goes over $7. In any case, the fundamentals support $8.5 at 50 trailing P/E, but...
My best guess at this point with the market tanking. Revising add point to the gap support. Not adding on the dips until I'm sure the market is done tanking. The reason why I plot the bear scenario is so I know when to add more. Gives me a buy point.