Investing Possibility: TSTR

TSTR

TSTR has had an interesting run recently. It had a nice climb to $1.95 and looks to be pulling back. It has stabilized in the short term around the $1.87 region. This is only a short term floor so if you want to make a quick day trade, watch for it to temporarily dip below this mark. In the medium term it looks to have completed a minor correction.

The correction took place over the last few months. TSTR hit a high of around $1.80 a few months ago, corrected down to around $1.20 and came back up. This should send a couple signals to you already.

First off, the stock looks to be having a cycle in the medium term. The signs are the consistent highs and lows. The highs of $1.80+ are followed by lows of around $1.20. A few things are pointing that this stock may go even higher though. Time for a closer look.

The volume has been building over the past month. Coupled with the upward movement, this stock looks positioned to continue its upward trend. It has had a minor correction to $1.87. I believe it may continue this correction into the $1.70 region. Around that time I will seriously consider buying in. Right now, the stock is poised to either do another correction or bounce off of this temporary floor to hit the ceiling set at $1.95.


A short term trade for some minor profits would be to watch this stock early tomorrow morning and if there is some buying, buy in and sell before the ceiling is hit. This tactic is a little bit too risky for my taste so I will stick to swing trading. I will continue to watch this stock for some future buying signals.

If TSTR moves as planned, we could make some nice profits with Terre Star

WIWS

Syntroleum

SYNM

I have been tracking a few stocks and I have found one that may be our new buy. SYNM is a stock I have mentioned before, but it looks about ready to have a nice pop and go up. SYNM has been trading side-ways for a while. It has created a pretty stable channel from $2.5 0 to $3.00. Once It breaks through the roof at $3.05, it looks like the next resistance is set at around $3.50.

The resistance at $3.05 can be explained a few ways. One possible explanation is a mental ceiling. This happens when a stock has been range trading and people have a preconceived roof set already. In this case, that roof happens o be around $3.00. This roof has a good and bad side. The good side is that if you can predict the range accurately, you can make some consistent money by buying on the established low and selling on the established high. The bad side of roof is that it can expose you to a pop.

A pop is when a stock has been range trading for a while and it finally breaks through a roof or floor. There is a lot of buying pressure, or selling pressure depending on the direction of the pop, that breaks a stock out of a range. This pressure will move the stock a lot in that direction. In this case, I believe that the ceiling will be taken out and the pop will be good, all the way up to $3.50. Time for my reasoning.

The chart of SYNM looks promising. There is an upward pattern present in the 1 year chart and on the shorter term charts. This upward pattern has a couple other characteristics. There is a continual pattern of of new floors and ceilings. Take a look at the 6 month chart. These floors are set at $2.00 and $2.50.

The technical analysis is also strong pointing towards an upward slope. The candles are promising as well as as the MACD and RSI. The MACD is starting another upward signal and the RSI is signaling that the stock is not over-bought. It is in the middle meaning that there is about the same amount as buyers and sellers.

These buy signals, along with the other patterns present are also indicating a future upside pop. I will monitor the stock more before making a trade. The company is also promising.

Syntorleum is a company that is looking to make clean fuel. This company has been making positive movements. The estimated value of Syntroleum is around $5.30. This is a lot higher than the current value of $3.00. I haven't decided if it is going to be a short-term, medium-term, or long-term buy. Depending on how other stocks I am watching perform will help in this decision.

I will keep this updated with the other stocks I am simultaneously watching. For now, SYNM is at the top of the list.

WIWS