News Focus
News Focus
Followers 148
Posts 34814
Boards Moderated 3
Alias Born 06/16/2004

Re: FinancialAdvisor post# 17180

Wednesday, 07/05/2006 1:44:57 PM

Wednesday, July 05, 2006 1:44:57 PM

Post# of 25966
***EZM is touching the upper bollinger band for the 2nd or 3rd day straight, it would not be out of the question for some choppiness to affect EZM at this level, or even a short-term pullback, but all technical indicators, most specifically the MACD seem to indicate that the momentum here is strong and is legitimate, volume is nothing spectacular but decent nontheless.

If traders want to conserve profits here but still feel bullish and believe that EZM will hit record highs later this year, than perhaps taking something like 1/3 of profits here at $2.60 may be in order?

Other than that, I've said I believe EZM will hit new record highs within the next 6 months, and I'll bluntly and boldly say it again, I still believe this is true, but it shouldn't cloud my emotions and my trading which says taking something like a 1/3 profit here for the traders may be in order...

And besides, EZM may even create a doji candlestick today which would appear to be a topping-type candlestick...




HI-HO SILVER !!!

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today