Eagle Worldwide Inc.(fka ELWD)

[creppie]

This am's opening was definitely interesting..

I'm still learning, but we're sitting right above the MA50 after having already traded on it today. Plus the green ADX looks interested in crossing the red, which is always good. And, this inverted hammer seems to be telling of a bullish reversal... Not to mention that the chart somewhat represents a 2-week double bottom, where we're now in the second trough and looking for the run.



Inverted hammer possibility:
http://www.candlesticker.com/Cs30.asp

...which could work out to be something similar to this:
http://www.candlesticker.com/Cs81.asp


And, taking into account what an inverted hammer tells us.. people were buying it up in anticipation of a run. Because of this, we've gained more support and the next spike has more of a chance to turn into that run.

Just some observations.