AI
Wednesday, November 29, 2006 8:44:20 AM
Good Morning! 'gjd'...re: SCON...
The hourly chart shows it's at the upper Bollinger Band so any upside will be difficult...Most of the Indicators are strong, but look to be beginning to turn back, and it's very Overbought...The increase in Volume yesterday is a very good sign...
The daily chart is a consolidation in any uptrend, and the chart pattern is a Double-Bottom but the upper BBand is running flat at $3.00 so that's the potential upside before resistance is met...ALL of the Indicators are very Bullish and with the increase in Volume yesterday, it might be getting ready to punch up above the upper BBand like it did in mid-October, but it's going to need a LOT more Volume coming in to accomplish that...
Overall, these charts are much more to the Bull side than the Bear...The problem is, I don't see a whole lot of upside unless it's going to start breaking above the upper BBand and pushing the upper BBand up dramatically...
Good Luck To ALL ;^))
The hourly chart shows it's at the upper Bollinger Band so any upside will be difficult...Most of the Indicators are strong, but look to be beginning to turn back, and it's very Overbought...The increase in Volume yesterday is a very good sign...
The daily chart is a consolidation in any uptrend, and the chart pattern is a Double-Bottom but the upper BBand is running flat at $3.00 so that's the potential upside before resistance is met...ALL of the Indicators are very Bullish and with the increase in Volume yesterday, it might be getting ready to punch up above the upper BBand like it did in mid-October, but it's going to need a LOT more Volume coming in to accomplish that...
Overall, these charts are much more to the Bull side than the Bear...The problem is, I don't see a whole lot of upside unless it's going to start breaking above the upper BBand and pushing the upper BBand up dramatically...
Good Luck To ALL ;^))
PowerPole >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
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