| From MrSwing.com ALTI: Ready to Explode Higher Andy Swan - Mar 21, 2005 After a big breakout on huge volume last month, ALTI has held up very well considering the Nasdaq's drop. In fact, our Small Cap Accelerated System has already played this stock once for a very quick profit this month, and may look to again very soon. Just look at how ALTI has set up here: As you can see, in mid-February, the stock broke out of its old trading range on huge volume, almost tripling in price in 2 days. Obviously, this was not the time to be buying and chasing the stock, but we knew to put it on our radar for future trades:
After the big breakout, ALTI finally settled down, entering a consolidation phase for a couple of weeks. This type of activity is important to a good setup because it helps to establish a support level that will limit your risk in the future:
Currently, ALTI is in a definite upward trend channel, and could be poised for a huge breakout to the upside, especially if the Nasdaq can regain some of its lost strength:
Our Small Cap Accelerated System will be looking for dips to support levels to buy this stock at (as long as the Nasdaq isn't falling apart) for some time to come..... © Copyright 2008 by MrSwing.com |