FRI 9/11: HTGC – Starting to Make Lower Highs – Not Good

9:15 PM – We are currently reporting on this stock as an active holding and continue to monitor the stock closely for any technical SELL SIGNALS.

The focus always remains on price/volume action around key support levels, including the 10 DMA, 50 DMA, and any nearby trendline or ROUND-$ support.

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Chart services courtesy of stockcharts.com. Annotations by James Taulman.

MON 8/24: HTGC – BUYING (1/3) @ $17.43

3:39 PM – Picking up a 1/3 position in this Finance-Investment Management company as shares trade higher from near the 10 DMA and break above previous highs near $17.35, while volume runs 21% above average. The combination of support at the 10 DMA, a move through previous resistance, and expanding volume represents the type of bullish technical action I look for in a BUY SIGNAL.

James’ Trader’s Tip: Look for Confirmation From Multiple Signals

  • Advancing from the 10 DMA shows that short-term support is holding.

  • Breaking above previous highs confirms that resistance is being cleared.

  • Above-average volume adds conviction to the move and strengthens the bullish technical evidence.

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Chart services courtesy of stockcharts.com. Annotations by James Taulman.