I'm not so good with T/A yet, but does the chart suggest a bottom for this stock? Low RSI (though RSI trend still down), bollinger bands are tightening (accumulation/break out soon?), and MACD might cross over (reversal?). If I'm wrong on something please tell me, I've always played news plays and such (momentum plays) and I'm sick of pennies now so I'm going to play T/A plays for now, though I'm still learning all of this (books and everything, you know how it goes )
I played this one a couple months back, VERY volatile stock if you like a good daytrade (it swings $3 a day sometimes). I bought at $15.60 and sold at +$21 (and after I sold it went to $65 of course haha)
thoughts?
thanks Hannibull
Posts: 1091 | From: Brugge, Belgium / Dallas TX USA | Registered: May 2006
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Birkoff, On the chart you posted, what would be an indicator of the stock going back up? (btw good thing I sold at 14.31, now 13.40 :-O)
(Perhaps this thread should be moved to the General Investing Topics board)
Posts: 1091 | From: Brugge, Belgium / Dallas TX USA | Registered: May 2006
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not a lot of interest so it seems +5% yesterday's close, now +10% so far on good volume
Posts: 1091 | From: Brugge, Belgium / Dallas TX USA | Registered: May 2006
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almost $15 (coming from $12.30 yesterday), and still no interest! oh well, I'm making money
Posts: 1091 | From: Brugge, Belgium / Dallas TX USA | Registered: May 2006
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anyway i'll stop posting before people think I'm trying to pump this lol. I want to see where it's at in a few weeks
Posts: 1091 | From: Brugge, Belgium / Dallas TX USA | Registered: May 2006
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from $15.38, to just under $12, now back to $15.12 in 2 weeks, maaaaan this stock is volatile!!!!!
Posts: 1091 | From: Brugge, Belgium / Dallas TX USA | Registered: May 2006
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