EWZuber
1,373 posts
msg #29903
- Ignore EWZuber |
11/17/2003 3:50:15 PM
Picked up a few more POSO at $0.46 today right on the 25 DMA.
So far it looks very good.
This was one case where averaging down from $0.48 was warranted because the stock offered a genuine buying opportunity at a valid support level and would have been a good entry on it's own.
|
TheRumpledOne
6,529 posts
msg #29904
- Ignore TheRumpledOne |
11/17/2003 5:01:15 PM
POSO closed at .54 Nice call!
I hope you took your profit or locked it in with a STOP LIMIT.
MAY ALL YOUR FILLS BE COMPLETE.
|
EWZuber
1,373 posts
msg #29916
- Ignore EWZuber |
11/17/2003 11:24:16 PM
TheRumpledOne
No , not yet. Trendline on 5 min. & 1 hour charts is still intact, no convergence of the stochastic fast and slow line on hourly charts. Looks higher, IMO.
I suspect it will hit $0.55 ~ $0.60 at least.
If the DMI(2) indicator still worked on these RT charts i suspect it would indicate higher prices also. JMHO
|
EWZuber
1,373 posts
msg #29917
- Ignore EWZuber |
11/17/2003 11:47:39 PM
Correction, that should read, $0.56 ~ $0.66.
I suspect it will actually break out before this weekly chart cycle is over.
|
EWZuber
1,373 posts
msg #29926
- Ignore EWZuber |
11/18/2003 10:13:37 AM
POSO broke trendline support this morning sold @ $0.53.
|
TheRumpledOne
6,529 posts
msg #29928
- Ignore TheRumpledOne |
11/18/2003 11:20:11 AM
Nice trade there EWZuber.
TAKE ALL YOU CAN, GIVE NONE BACK!
|
EWZuber
1,373 posts
msg #29932
- Ignore EWZuber |
11/18/2003 3:06:41 PM
Bought 200 more POSO @ $0.51 when the stock formed a new supporting trendline. Just sold at $0.67 on a break of trendline support on the 5 minute chart.
Wish I could have gotten a lot more but the money was not 'settled'.
A technical success but hardly enough net to fill the tank on my truck.
|
EWZuber
1,373 posts
msg #29933
- Ignore EWZuber |
11/18/2003 3:45:23 PM
Not sure yet but it looks like MEM may be bottoming out near $0.83.
It is oversold on Hourly and 5 minute charts but has had a fast line cross below the slow line on Daily charts.
If the stock makes a big move soon enough it will straighten out and these lines will appear as a convergence but not a cross.
|
EWZuber
1,373 posts
msg #29947
- Ignore EWZuber |
11/19/2003 3:38:20 PM
Bought MEM @ $0.86 and sold at $0.89. Suspect it wants to retest support first.
Bought AAC @ $0.53, so far so good.
Bought GOAM @ $0.53 also, not sure about this one. It needs to hold the 15 HR.MA @ $0.52. Hourly chart looks like it could easily go a bit lower but will probably wait till tomorrow morning and see how it opens before deciding on whether to keep it or not.
|
EWZuber
1,373 posts
msg #29949
- Ignore EWZuber |
11/19/2003 5:20:41 PM
If SPIL doesn't pull up tomorrow and close above $5 then it looks like it is heading to test the 50 DMA@ $4.60 or trendline support @ $4.65.
No convergence of fast and slow line is ominous along with a close below support at the bottom of the gap at $5 and the stock being overbought on the hourly chart it looks very bearish in the short term. Suspect the high tomorrow will not exceed the 15 HR.MA @ $5.09 ( & falling ).
|