This morning we are getting into Comstock Homebuilding Companies, Inc. (NASDAQ: CHCI), we feel it is poised for a move higher after a succession of higher lows:
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http://stock-promoter.thesubway.com/investment-opinions/comst...
Volume is picking up and it just broke above its 200 day MA:
The Stochastics are also in a very good position, with the Red %K line just about to cross the %D White line:
Our PHILS X2 is blue signaling institutional buying coming into Comstock Homebuilding Companies, Inc. (NASDAQ: CHCI):
Our PHILS X1 is showing support at $.60, which is right below where Comstock Homebuilding Companies, Inc. (NASDAQ: CHCI) is now. Resistance is at $.81, which gives Comstock Homebuilding Companies, Inc. (NASDAQ: CHCI) A LOT of upside potential with minimal risk:
Our Daily chart is showing a strong move to the upside:
Our 15 Minute chart is showing signs of a bottoming around $.40 with a continued move higher which started yesterday. We will step into Comstock Homebuilding Companies, Inc. (NASDAQ: CHCI), and look for a confirmation the next trading day. If Comstock Homebuilding Companies, Inc. (NASDAQ: CHCI), continues it's move higher we will continue to stem into CHCI, watch the volume does not dry up and watch that's PHILS X2 stays blue. We are putting our stop just under support, which will be just under $.60:
Our Weekly Chart is showing a short term trend to the upside. We will keep our stop tight until this becomes a longer term looking trend, GOOD LUCK TRADING:
TheSubway.com acknowledges and thanks the principles of www.philsgang.com site for their permission in allowing us the use and demonstration of the their Phil’s X-1 and Phil’s X-2 charting software.
Full disclosure: Long at time of writing - Disclosure of Conflicts of Interest
All material herein was prepared by CRG Partners, Inc. (CRGP) based upon information believed to be reliable. The information contained herein is not guaranteed by CRGP to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. CRGP is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.thesubway.com or mentioned herein. CRGP may have been compensated by third party shareholders with shares or with cash from the company on behalf of one or more of the companies mentioned in this opinion. CRGP's Licensors, affiliates, officers, directors and employees may own shares and intend to buy and sell additional shares of the company mentioned herein and may profit in the event those shares rise in value.
$0.6478 (09/12/08)
