This is an email I sent to my students.
Hello everyone,
Hello everyone,
Last January 30, 2019 I posted a blog concerning AUDC comparing it with the move of SPPI (dated Aug. 4, 2017).
Then around 25 trading days later I posted again another blog with the technical fundamental data on AUDC dated Mar. 5, 2019.
4 trading days ago (Apr. 2, 2019) AUDC hit New 78 Day High again after the 44 Trading Days VCP formation and hitting above $16.00 the next day.
Based on what I taught of setting your target Price:
TP = (( PH - VL ) * 3 ) + BC
Where:
TP = Target Price
PH = Previous High
VL = VCP Low
BC = Breakout Close
Can you determine what is our target price on this stock?
Where would you position?
Where will be your Stop Loss?
What price levels would be your scale out strategy?
Look on Finviz for the EPS Q/Q and Sales Q/Q as well as Price target.
You can also try to feel ahwat are some of the sentiments of traders on AUDC using stocktwits.com
Look for some of its disclosures. Find any changes of stock positions on key insiders using the following:
Sec Form-3 is for initial ownership, Sec Form-4 is for any changes of that ownership, Sec Form-5 is for any other changes not recorded in Form-4. These forms can be accessed through the following online tools:
1. Sec.gov under Edgar Search Tool.
2. otcmarkets.com - You have to enter the stock ticker into its Quote field and press enter. Then once the stock is listed, you have to click on "Disclosure" from the menu which starts with "Overview | Quote | Company Profile | Security Details | News | Disclosure | Research". This will bring up the list of Forms associated with the company you are searching for. What I like with otcmarkets compared to Edgar Search tool of Sec.gov is that when you click the hyperlink it opens right away as another tab or window in your browser with the documents listed as one which you can scroll all the way down, instead of selecting one by one as with Edgar.
1. Sec.gov under Edgar Search Tool.
2. otcmarkets.com - You have to enter the stock ticker into its Quote field and press enter. Then once the stock is listed, you have to click on "Disclosure" from the menu which starts with "Overview | Quote | Company Profile | Security Details | News | Disclosure | Research". This will bring up the list of Forms associated with the company you are searching for. What I like with otcmarkets compared to Edgar Search tool of Sec.gov is that when you click the hyperlink it opens right away as another tab or window in your browser with the documents listed as one which you can scroll all the way down, instead of selecting one by one as with Edgar.
Cheers and have a good week guys,
Jerome
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