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| Downtrendline break... breath... continuation up Monday | ||
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From: mikeanthony5...@gmail.com
Date: Fri, 31 Oct 2008 14:16:47 -0700 (PDT)
Local: Fri, Oct 31 2008 5:16 pm
Subject: Downtrendline break... breath... continuation up Monday
Based on TA, this stock is flashing several important buy signals.
Thursday's expansion breakout bar (1) broke the downtrendline (2) on strong volume (3) showing confirmed interest (4) with ADX downtrend strength declining, (5) a MACD-histogram slope reversal and imminent 0- band upcross and (6) stochastics 20-band upcross. If I could show you a picture on this forum, I would. I got in today at 1.95, in expectation of a near-term 2.15 x 2.23
But based on technical analysis, this is a very low risk play. My
Best of luck to you! Remember- no matter how many technical signals
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