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New Born EMA ?
NB EMA could be getting set to run.....what say you ...Thanx !
NB EMA could be getting set to run.....what say you ...Thanx !
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interesting? you could call it that.
So you found this in April? Nice call, Pete!Originally posted by Peter Hansen View Post
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Use stops!
Hi, Pete:Originally posted by Peter Hansen View Post
EMA had an explosive move last week for the penny stock. Nice 50% gain
Like all penny stocks, my rule is that if you get 10-20% gain, you'd best take it while you can. Interesting that this stock was once a nice $25 stock, then dived down to form a double bottom at $0.17. This stock is a poster child for the use of stops. Looking like it may recover some of those losses. I think this one might make it to $0.50 in the near future, and after that, we'll have to see what the chart says.
What else have you got cooking on the stove? I'd like to hear about it
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jisen thanx I learned my lesson ........always use trailing stops now .....usually 6-10% LOSSCheck out HMSY, CKSW and HDSN ..who knows?Originally posted by jiesen View PostComment
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New Born
NB Thanx for your input ........your comments and analyses have always been very helpful to me .
PeterComment
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Stld
Lye,
Here's your STLD stocks moving lower. And the PnF likes it short down to $42. It may move even lower. Shortterm, one could short it down to the 200day.
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Stld
To only one person's surprise, STLD is falling, falling, falling
The surprised investor.Comment
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Ba
So BA is falling on hard times. Chart says that BA is looking like $62 again.
Has a nice option chain.
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NB, what does your read on MDCO say?Comment
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Runner,Originally posted by Runner View Post
Well, the sector is right for MDCO: health care. And the stock is recovering from a terrible blow. Look at the weekly. One week it pulled off a MFLX type drop from $23 to $16. The stock has recovered nicely to $21.95. There will be a double top resistance at $23. The last time MDCO was here it pulled back hard. Sooner or later it will breakout for good. PnF likes it to $29.50.
What does concern me is the low volume: it could be setting up for a failed breakout. Has a lot of topping wicks due to all of that overhead resistance.
I'd have to say that if she can bust $23, I'd say she looks good to $30+.
What is your read?
By the way, the formation MDCO is showing is officially called the "Ugly Double Bottom" by none other than Thomas Bulholzer, author of "Encyclopedia of Chart Patterns."
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I was looking at a weekly and notice R line running around 21.99 and I would view a move over 21.99 as being positive from a weekly perspective. Now on the daily this stock may offer a low risk entry off S line or 21.67 with stop tucked under here a little. If it does come under temp Support I think possible move back to at least 20.16. I also have noticed temp support at current price holding for now. I see short-term bull as long as 21.67 hold?Comment
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Thank you, Runner. I always love reading your insight on the charts. Keep up the good work.Originally posted by Runner View Post
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NB, here is my slop chart showing weekly
Daily
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Daily technicals weakening on MDCO. Look for a pullback to the 20-day EMA.Comment
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Dave,Originally posted by DSteckler View Post
Explain "daily technicals" for those of us in the dark. And thanks!
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