Longs

WGAT update. If a new pulback to $5.00 comes that is the new entry. I nibbled some at $5.50. Read my Friday long's post for the WGAT chart story.

OTD is a speculative play. Less money and looser cut losses warranted. OTD is shaping a beautiful base from early/mid March to today with quiet trade on down days and heavy trade on up days. It appears to have double bottomed in Sept and January, rallied strongly on great volume to March, has shown excellent green BOP, and is moving strongly today from that tight month long base. I have poked an early position before the breakout due to this year's price/volume action.

MPAC has shown some excellent price/volume action since January and is making a tight flat base on low volume. Today showed a strong block come in above the bid, BOP is moving green again, RS making new highs before price, and excellent fundamentals. If MPAC makes a move above April's high a position is warranted.

GRS is another gold stock looking good. This chart has made an excellent long cup with handle (one year). Volume has shown consistent heavy trade on up days and tight price action. The move yesterday followed by todays breakout on heavier trade with strong BOP and new highs in moneystream makes a position here in GRS look smart. A better place would be a low volume pull back to 6.50.

FNX is not a safe long now but today's volume makes it one to watch. BOP was strong on last month move up, then it pulled back on very light trade, now it is moving up again this time on HUGE trade. 100 to 1000 shares before a breakout above March highs is good. Cut loss at 6.15 or sooner depending on risk tolerance. Great potential upside.

MAXF is another speculative long. NOTICE THAT IS ALL THERE IS FOR NICE BASES. NOT A GOOD SIGN FOR A BULLISH MARKET. BOP has been full green for over a month, big volume moves, and a current tight base. A move over 13.90 is the long signal.

CHTT also looks like it wants to make new highs. BOP green strong, RS really strong, fundamentals are incredible, and this move today looks like CHTT is going higher.