SLAB PCCRC - The stock bounces, Theta and Delta help

How to view the entire chart:


1. Try clicking on the name of the most recent article in the column on the right. This will remove the "Archives" list.
2. Try right click on the chart itself and open it on a separate window.


I am sorry that I cannot always make the chart small enough to fit neatly on the left column. I want you to be able to see the details I want to point out.


I Hope this helps,


Juan

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I have described my position on SLAB in mid February. Now the stock is bouncing off the 50dMA. Take a look at that video clip:

http://www.pathometrix.com/Movies/SLAB1.mov


Take a look at SLAB and other stocks that I have analysed and kept track of using the RET elliott wave analysis software.

http://www.pathometrix.com/Frames.html

In the video clip, I suggested that SLAB had to test teh 50dMA before bouncing back up and that the Stochastics Oscillator was almost oversold, so a few days had to pass before the buy signal was in place. Here is the chart at the time:



Finally, SLAB did approach the 50dMA and formed a "hammer" candlestick, which is a reversal signal, along with the stochastics crossover and teh MACD formed a double bottom in the histogram. All classical signals of reversal. SLAB is now headed to test the highs at 52.77, we will see how much momentum the stock gathers to make some conclusions as to the possibility of new highs or a double top.



My trade is looking very well, and the profits are starting to show up. Should the double top form, I will have the opportunity to modify the trade as expiration for March approaches.