Seeking Alpha

Michael Clark's  Instablog

Michael Clark
Send Message
Michael J. Clark was born and raised in Sinclair, Wyoming. He is a poet, novelist, artist, historian, and market analyst. His fine arts portfolio can be found at the following address: http://www.hoalantrangallery.com/MJC2.htm His writing portfolio can be found at:... More
My company:
Clark's Gate Timing System ©
My book:
TURN OUT THE LIGHTS
  • CGTS: EARTH METAL STOCKS: WHERE DO THEY STAND? AVL, QRM 0 comments
    Aug 29, 2011 12:03 AM
    CGTS DAILY TRADING SIGNALS
    FOR MONDAY, 29 August 2011


    EARTH METAL STOCKS  --  WHERE DO THEY STAND?

    A reader asked me to take a look at two Rare Earth Metal stocks, AVL, Avalon, and QRM, Quest.

    I'm showing a daily and a weekly chart of each.

    AVL is making an implied top in the daily chart -- I expect lower prices from here.  Support is at 3.95; then 3.84

    AVL looks better than QRM.

    The weekly chart of AVL is not very positive.  In fact, it's nasty.  M2F ALT (top pane, brown line) is making an assumed bottom; but with all trends negative this means very little.  All the trends point to lower prices.  It is possible this stock might run all the way down to 1.9.




    QRM's daily chart is also making an implied top.  Lower prices are guaranteed.  Next support is 3.48.

    Weekly chart also shows a pretty negative picture.  Trends are down.  It is possible this stock will ultimately test support at 1.72.




    More information on the CGTS systems can be found at:
    home.mindspring.com/~mclark7/CGTS09.htm
     
    MICHAEL J CLARK
    Clark's Gate Timing System
    Hanoi, Vietnam

    cgts@mindspring.com
     

     
     
     
     
     
     
      
     








    CGT
Back To Michael Clark's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.