Thursday, February 16, 2012 6:41:06 PM
SNDY Charts and breakdown
From this first chart you can see today was a great for SNDY indicators.
-TRIX, MACD, and RSI have all bottomed and are recovering nicely, and all curled northward.
-ADX at the high showing it is trending heavily, while DI-(selling pressure) and DI+ (buying pressure)are about to pinch for the crossover.
-Trendline support aided in the EoD recovery.
This chart is the 5day/5min. I use it to show the trendline support and resistances. As you can see, the continuation pennant is forming. I have put 2 flagpoles in this chart as I know different traders use different levels to judge where to start their flagpole.
-Flagpole #1 assumes after the breakout of the current pennant we could see the PPS at .0254, flagpole #2 assumes the same, but puts the PPS at .0229 after the breakout.
-I have included 3 supporting trendlines, I feel #1 is the strongest, however, none have broke yet. I mention this because depending on which trendline you choose, the pennant will be tighter or looser, faster or slower.
-The volume is very important as it shows there are still many eyes on this stock. It also shows that there is plenty of support from the trendline.
From this first chart you can see today was a great for SNDY indicators.
-TRIX, MACD, and RSI have all bottomed and are recovering nicely, and all curled northward.
-ADX at the high showing it is trending heavily, while DI-(selling pressure) and DI+ (buying pressure)are about to pinch for the crossover.
-Trendline support aided in the EoD recovery.
This chart is the 5day/5min. I use it to show the trendline support and resistances. As you can see, the continuation pennant is forming. I have put 2 flagpoles in this chart as I know different traders use different levels to judge where to start their flagpole.
-Flagpole #1 assumes after the breakout of the current pennant we could see the PPS at .0254, flagpole #2 assumes the same, but puts the PPS at .0229 after the breakout.
-I have included 3 supporting trendlines, I feel #1 is the strongest, however, none have broke yet. I mention this because depending on which trendline you choose, the pennant will be tighter or looser, faster or slower.
-The volume is very important as it shows there are still many eyes on this stock. It also shows that there is plenty of support from the trendline.
It don't make sense, if it don't make that money.
Make sure you do your own DD before buying any stock.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
