This is a very interesting semiconductor company chart. ISSI – Integrated Silicon Solution is displaying early signs of aggressive accumulation. Although ISSI might not be an immediate buy here, I bought an initial position. Here are a few reasons why this stock could be a future winner in the making:

  • ISSI printed a new 10 year closing high
  • The stock is not giving back much of its recent gains
  • The recent pullback is on decreasing volume which is bullish
  • The monthly chart displays a bullish ABC pattern
  • The monthly chart shows the successful retest of the symmetrical triangle

Click on daily ISSI chart to enlarge:

Click on weekly ISSI chart to enlarge:

ISSI company description from Yahoo finance:

Integrated Silicon Solution, Inc., a fabless semiconductor company, designs and markets integrated circuits for automotive, communications, industrial, medical and military, and digital consumer markets worldwide. The company offers low and medium density DRAM products for use in WLANs, base stations, networking switches and routers, fiber to the home (FTTH), DSL and cable modems, set top boxes, digital cameras, MP3, flat panel TVs, LCD TVs, HDTVs, video phones, voice over Internet protocol (VOIP), printers, disk drives, tape drives, audio/video equipment, instrumentation, GPS, telematics, infotainment, backup cameras, lane departure warning systems, and other applications. It also provides asynchronous and synchronous high speed SRAM products for use in applications, such as LANs, base stations, routers, modems, automotive electronics, multimedia products, peripherals, and industrial instrumentation. In addition, the company offers serial and parallel NOR flash products for the personal computer peripheral, automotive, IMM, and communication markets. Further, it provides analog and mixed signal integrated circuits, such as audio power amplifiers for use in smart phones, GPS devices, MP3 players, and set top boxes; LED drivers for backlighting and panel display for use in smart phones, digital cameras, notebook computers, and other computing and consumer devices, as well as voltage converters for use in industrial applications; HBLED drivers for use in general lighting and automotive applications. The company markets and sells its products through direct sales force, independent sales representatives, and distributors. Integrated Silicon Solution, Inc. was founded in 1988 and is headquartered in Milpitas, California.

The real money in speculation has been in commitments in a stock or commodity showing a profit right from the start. – Jesse Livermore

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Quick technical chart update for RDWR – Radware as the monster accumulation pattern continues. This is how superstocks begin their moves. Here is what I pointed out in my original analysis:

RDWR – Radware ‘Institutional players with deep pockets accumulating as much as they can’

Click on RDWR chart to enlarge:

The weekly pattern pressure is huge and as this is a strong uptrend the following timeless market adage applies:

In uptrends surprise moves tend to be to the upside. 

Remember: The strongest stocks typically do not offer easy entries for Joe Sixpack. Think about it, if superstocks would offer easy and obvious pullback entries they would by definition not be superstocks. Want to own them? You have to leave your comfort zone. Otherwise you are out.

To make a long story short, look at the volume. This is why this is my favourite Livermore quote:

Everything you need to know is right there in front of you. – Jesse Livermore

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It simply doesn’t get much better than this. The charts are obviously bullish and should be pretty much self-explanatory.

RDWR – Radware is displaying huge volume spikes. These are the footprints of institutional players with deep pockets accumulating as much as they can. The gap that started the move is a break-away gap. This is the start of a big trending move. These gaps do not get filled until the entire move has run its course. What makes me super bullish is the overall pattern. The weekly chart is providing the needed fuel for a potentially huge move to the upside. This is what I refer to when I talk about ‘pattern pressure’.

Here’s a quick 3 minute video refresher on pattern pressure: Pattern Pressure Explanation Video

Click on the daily RDWR chart to enlarge:

Click on the weekly RDWR chart to enlarge:

Cyber Security Sector Overview Chart I. ➔ http://bit.ly/1vmpIe4

Cyber Security Sector Overview Chart II. ➔ http://bit.ly/15RBoRh

The charts are always up to date and contain the following companies:

CHKP – Checkpoint Software Technologies, PANW – Palo Alto Networks, QLYS – Qualys, CUDA – Barracuda Networks, FEYE – Fireeye, PFPT – Proofpoint, CAVM – Cavium Networks, VDSI – Vasco Data Security, RDWR – Radware, FTNT – Fortinet, IMPV – Imperva, CYBR – Cyber-Ark Software

Company description from Yahoo finance:

Radware Ltd. develops, manufactures, and markets application delivery and security solutions for virtual and cloud data centers worldwide. The company offers Alteon NG, an application delivery solution for Web, cloud, and mobile based applications; Alteon Application Switch application for hardware, virtualized, and application delivery controller (ADC) virtual appliance, as well as cloud deployment; and enterprise cloud and virtual application delivery infrastructure ADC solutions. It also provides Alteon product portfolio for enterprises and carriers; FastView, a Web performance optimization solution for browser and end-user device acceleration; and LinkProof, a solution that manages various wide area networks and Internet traffic for networks. In addition, the company offers APSolute Vision, a management and monitoring tool; Application Performance Monitoring, a monitoring solution; vDirect, an ADC service automation engine designed for virtual data centers and clouds; and a family of security solutions, which provides integrated application and network security, as well as security tool management services for multi-layered security architecture. Further, it offers DefensePro, a real-time network attack prevention device; AppWall, a Web application firewall appliance that secures Web applications; AppXML, which provides XML and Web services communications for service oriented architecture based mission-critical applications; DefensePipe, an integrated solution for attack mitigation; DefenseFlow, a software defined networking application that programs networks for denial of service security; and Inflight, which offers intelligence from the network and identifies business events or security threats embedded in Web transactions. The company sells its products primarily to independent distributors, including value added resellers, original equipment manufacturers, and system integrators. Radware Ltd. was founded in 1996 and is headquartered in Tel Aviv, Israel.

If I were buying, my point would be above the market. I don’t try to pick a bottom or a top. – Ed Seykota

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The Bull Market in India is still alive and kicking. A travel stock I highlighted early on was Uptrend just started with MMYT – Makemytrip. The current set-up for MMYT – Makemytrip is very bullish and odds are the up-trend will continue. Ideally the stock should start to move right now on its way toward the upper boundary of the bullish ascending triangle. Here are a few reasons why I am bullish MMYT:

  • The overall bullish weekly ascending triangle chart pattern
  • 3 bottoming tails ‘hammering out’ a bottom / support. 
  • Weekly moving average is acting as support
  • The weekly MA 30 is RISING

Regular readers are familiar with the concept of rising long-term moving averages and why they are so important. If you need a refresher, here is a quick 3 minute Rising Moving Average Concept Video where I explain the concept. In my interview earlier this year I stressed how important it was to Avoid buying gold and silver mining stocks because the long-term moving averages were NOT rising.

Click on MMYT weekly chart to enlarge:

Overall this is a very constructive looking bullish chart. The bottoming tails simply increase the odds of a move to the upside. Ideally, this was a successful retest of the weekly MA 30 and the stock should start to rise now.

When people say ‘I am investing for the long term’, it means they are losing money. – Nassim Nicholas Taleb

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Bullish looking stock trade idea. The chart says it all. Great overall pattern pressure. Then the earnings related break out to new all time highs on huge volume. Then the tight and bullish consolidation we are witnessing now. Odds are QTWO – Q2 Holdings will resume its new uptrend in ABC pattern fashion very soon. The main driver for higher prices should be the lack of overhead resistance.

Click on chart to enlarge:

Company overview from Yahoo finance:

Q2 Holdings, Inc. provides cloud-based virtual banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2online, a browser-based virtual banking solution that delivers RCFI-branded virtual banking capabilities, such as account access, check balancing, funds transfers, bill pay, processing recurring payments, statement viewing, and new products and service applications; provides management functionality comprising account holder enrollment, password management, permissions, rights management, reports, and integrated security, as well as feature assignment for online, mobile, voice, and tablet banking; and supports single and batch ACH processing, payroll, state and federal tax payments, and domestic and international wires. The company also provides Q2themes for customizing virtual banking services through personalized themes, such as language preferences, font styles, and designs specific; and Q2mobility App to access, engage, and complete banking transactions, such as adding and managing payees, transferring funds, executing single or recurring payments, viewing e-statements or check images, and managing other general banking services through mobile and tablet devices. In addition, it offers Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture; Q2text, a mobile solution, which enables virtual banking activities through the text messaging function of the device; Q2voice, a voice-based solution for telephones; Q2clarity, an analytics solution for Q2online customers; and Q2 Risk & Fraud Analytics, a security analytics solution for customers to detect and block suspect transactions in virtual banking solutions. Q2 Holdings, Inc. delivers its solutions using a software-as-a-service model. The company was formerly known as CBG Holdings, Inc. and changed its name to Q2 Holdings, Inc. in March 2013. Q2 Holdings, Inc. was founded in 2005 and is headquartered in Austin, Texas.

It doesn’t matter if you’re trading stocks or soybeans. Trading is trading, and the name of the game is increasing your wealth. A trader’s job description is stunningly simple: Don’t lose money. This is of utmost importance to new traders, who are often told ‘do your research’. This is good advice, but should be considered carefully. Research alone won’t ensure a profit, and at the end of the day, your main goal should be to make money, not to get an A in ‘How to Read a Balance Sheet’. – Richard Donchian

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FNV Franco Nevada – A Gold Stock Traders Need To Follow – Youtube Video Analysis

November 26, 2014

I can’t remember how often I have stressed the importance of monitoring the strongest stocks like FNV – Franco Nevada and RGLD – Royal Gold within the gold mining sector. The idea behind that concept is to gauge a market’s or a sector’s health. How many stocks are able to print new all time highs? [...]

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CLGRF CRJ.TO Claude Resources – Gold Miner Bullish Bottoming Reversal Pattern

November 25, 2014

The two gold miners I like best right now are RIC – Richmont Mines and CLGRF / CJR.TO Claude Resources. CLGRF has put in a bottoming formation that looks similar to RIC. Keep this in mind: The chart has put in a series of higher lows and is not attempting to put in a V-bottom [...]

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SLV Silver ETF Technical Outlook – Youtube Video Analysis

November 25, 2014

The Silver technicals have slightly improved, but Silver is still in a falling tops downtrend. Here is my original Silver Falling Tops Chart Analysis. You might want to review it before you watch the video. If there is one thing I have learned during conversations with readers, then it is the following: 95% are overwhelmed [...]

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Nikkei 225 Index Japan – Video Analysis With Technical Chart Price Targets

November 22, 2014

After doing a bullish chart analysis of DXJ the currency hedged Japan ETF I decided to add the Nikkei Index to my public chart list. Here’s a quick 2 minute video explaining the ABC move concept I talk about so often: An initial thrusting move, followed by a consolidation pattern and the resumption of the [...]

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INFN Infinera – Fiber Optic Stock With Bullish Technical Price Targets

November 21, 2014

Just wanted to quickly highlight a very constructive weekly chart pattern displaying a high volume thrusting move resembling a high pole and the ensuing flag consolidation. A classic ABC move chart pattern in the making. A resumption of the trend would imply a 19$ target. A more conservative target around 16$ looks perfectly reasonable. The [...]

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