This is topic Explain this chart for GMED in forum General Investing Topics at Allstocks.com's Bulletin Board.


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Posted by BT on :
 
Can a chart expert explain this chart for me. What its showing and what the trend is like. Thanks.
http://www.tradetrek.com/NN/default.asp?symbol=GMED

 
Posted by Bob Frey on :
 
Directions:
The above chart plots the price history of GMED (green) and the forecast of the most likely price movements (purple line) for the next 5 days by Tradetrek's proprietary artificial intelligence stock prediction model. There is an 80% chance that BRLN will stay between the two yellow lines in the next 5 days.

[This message has been edited by Bob Frey (edited April 13, 2004).]
 


Posted by BT on :
 
oops. What I meant was, is there a term like "ascending triangle" "Bull movement", ect.. for this stock or is it trading sideways... I personally never saw a stock chart which shows a curve like someone was making a uturn.
 
Posted by Doji say what!! on :
 
http://stockcharts.com/def/servlet/SC.web?c=gmed,uu[w,a]daclyyay[db][pd20,2!i!f][vc60][iut!Ua6,13,5!Ub8]&pref=G

the chart posted above shows the rsi on the rise
also the bollinger bands are nice an tight and the stock is close to the middle line. macd has some seperation and is on the rise...

looks good for some more gains!

best of luck with your trades

ps: tradetrek is fluff... charts if you can read them they will show you allot more than tradetrek about a stocks future

 




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