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Topic: Help with Chart Reading

Saving4KidsCollege
Member

Rate Member

posted

I was looking for a good entry point and I see that the Stoch and Williams are still coming down, and the RSI is holding steady around 55-60.. can someone with better chart reading ability give me an idea how much longer/further they think this will come down???
I think that this one will fall to the 0.009 - 0.01 range and then I plan on loading up for a long term hold (at least til after the FDA approval).

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Saving4KidsCollege
Member

Rate Member

posted

Here's the chart
http://finance.yahoo.com/q/ta?s=MSITF.PK&t=3m&l=on&z=m&q=l&p=e20,e50,e200&a=m26-12-9,w14,r14,ss&c=

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Noma
Member

Rate Member

posted

I'm not much help yet on reading charts but here are a few good places that i have been sent to to help determine a stock.
http://www2.barchart.com/
http://smallcapcenter.com/index.asp

Try those and see if they can help you out. At least until a vet can answer your question.

Good Luck

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GREGDOGG
Member

Rate Member

posted

According to that chart the bottom will be .005 to .007

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ignorantbliss
Member

Rate Member

posted

Looks like support is at .007 Doesn't mean it will reach that point exactly but somewhere in the area. Personaly I would wait for a reversal in the trend before buying. Play something else until this one makes an uptrend. There's not telling...it might consolidate at support, it might reverse or even worse it could fall below support. Wait for the right signal.

quote:
Originally posted by GREGDOGG:
According to that chart the bottom will be .005 to .007

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