Thursday, June 07, 2007 10:52:07 AM
TA Analysis from a Technician..
Hey guys..just got this from another board. Sounds interesting ;)
Todays analysis:
Im very happy to present todays Technical-analysis of the stock AFA.
Today, we´re talking about really oversold levels with addaded indicaters that strenghten the scenario.
New indicaters are CCI-standard and the fact that a nice trendfloor has formed.
Look at the attached picture for a closer look at levels, historical simmilarities and patterns, my thinking etc.
Summary:
- Stochastic oscillator has reached a level of strong oversold values like a couple of times before. Last time the stock went up 50 %.
- Momentum has finally reached an oversold level like a couple of times before and should turn up anytime now.
- CCI is an indicator that shows oversold levels like a couple of times before.
- The stock follows the lower trendline nicely and should turn up from here like 3 times before.
- RSI (Relative strenght index) is also oversold. Even MORE oversold then the last time when the stock went up 50 %.
Ill hope you also see the patterns and what a great time to invest in AFA this is.
Hey guys..just got this from another board. Sounds interesting ;)
Todays analysis:
Im very happy to present todays Technical-analysis of the stock AFA.
Today, we´re talking about really oversold levels with addaded indicaters that strenghten the scenario.
New indicaters are CCI-standard and the fact that a nice trendfloor has formed.
Look at the attached picture for a closer look at levels, historical simmilarities and patterns, my thinking etc.
Summary:
- Stochastic oscillator has reached a level of strong oversold values like a couple of times before. Last time the stock went up 50 %.
- Momentum has finally reached an oversold level like a couple of times before and should turn up anytime now.
- CCI is an indicator that shows oversold levels like a couple of times before.
- The stock follows the lower trendline nicely and should turn up from here like 3 times before.
- RSI (Relative strenght index) is also oversold. Even MORE oversold then the last time when the stock went up 50 %.
Ill hope you also see the patterns and what a great time to invest in AFA this is.
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