posted
Doesnt look too good to me.. its trading below 20/40/60 MA's .. its RSI and OBV are pretty much flatliners... it ended today in a Doji(for those candlestick chart followers like me.. for those who arent.. it means indecision from buyers/sellers) in relatively low volume (for the month of june so far) ... so my guess tomorrow it will go down or just continue in a sideways pattern.. I probably wouldnt buy it unless it broke the resistance of 1.40 .. but ill definetly put this one on my watchlist for later on when and if it breaks the resistance..
Posts: 4669 | Registered: Mar 2004
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posted
I'm not sure what charting software if any you are using but if you arent using one.. go to Bigcharts.com and put this stock in there with a 20, 40 and 60 moving average... look at its past... from january till like May 1st it shot up above its MA's .. then crashed below them once May hit.. so its a pretty good indication that if it broke 1.40 (which would put it above its MA's) it would continue a uptrend similar to its Jan to May run... so thats why i wouldnt buy it now till it breaks its MA's... why get little profits now when you can get a whole lot more once its above its MA's ... right now i like TSTF from this particular Board... that has been posted by other traders...
Posts: 4669 | Registered: Mar 2004
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quote:Originally posted by Machiavelli: I'm not sure what charting software if any you are using but if you arent using one.. go to Bigcharts.com and put this stock in there with a 20, 40 and 60 moving average... look at its past... from january till like May 1st it shot up above its MA's .. then crashed below them once May hit.. so its a pretty good indication that if it broke 1.40 (which would put it above its MA's) it would continue a uptrend similar to its Jan to May run... so thats why i wouldnt buy it now till it breaks its MA's... why get little profits now when you can get a whole lot more once its above its MA's ... right now i like TSTF from this particular Board... that has been posted by other traders...
TSTF is at 2.36 (at close Tuesday). A momentum play for those getting in now. The problem with momentum plays is whether it is running out of steam.
SPSC is at 1.19. A bottom fishing play for those who get in now. The problem with bottom fishing is whether it has hit bottom yet.
posted
There are more than one ways to make money in the market. Do what you are good at. -Greg
Posts: 257 | From: mcminnvill, OR usa | Registered: Nov 2003
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posted
After tanking, SPSC is coming back strong today, reaching a high of 1.18 this AM.
Posts: 4402 | From: Florida | Registered: Jun 2003
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posted
This stock is right on track its up about .16 since Wednesday MACD turned up and RSI moving towards 50 looking for about .85 or a little better GLTA
-------------------- The best way to predict your future is to create it.
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