JIVE seems to be making a bounce. This is a software/technology company. Here's their daily chart:
The last trading day they bounced up 2.3%. Their Accumulation line shows accumulation of shares (more buys on the ASK than the BID day over day) and the RSI just broke over 50%. The MACD show that it has just crossed into a bullish look.
Here's their weekly chart for the last 9 months:
This shows a steady increase over the last few weeks and a bullish MACD cross-over and an up-swinging A/D line. The RSI, while still below 50, is showing promise as it is approaching it's 40% high. Finally, the volume has popped up for 2 weeks straight.
LASTLY, the Monthly chart ...
... shows a white candle at the bottom of a precipitous drop over the last 8-9 months. The volume for the current month is low compared to the last several, but this could be a cessation of the panic. The sudden stop of the sell-off and the slight rise in price may be a signal of a turnaround coming but remember that I'm a beginner at this, and I could be completely wrong. This stock could pop slightly and then roll over and go down further. I've NOT viewed the SEC documents for this company so this is purely a technical analysis of the price and volume movement.
For the sake of the paper-trade I'm going to assume that I buy 1,000 (fake) shares at the open today and set a sell price at 5-10% higher than my purchase price. I will also assume a stop at 4.95 because the price breaking below that would be a sign of weakness and that it could roll over and fall again. What we want is a set of candles making higher highs and higher lows each day, week, and month.
With all that said, this could go to 5.30 or perhaps 5.50 by the end of the week.
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