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Tuesday, January 27, 2004 7:05:58 PM
APOA .085 ... This is a bluesky breakout of pennant/triangle formation on record volume...
APOA has a HOY .17...
Stoch turned up, OBV spiking, PPS going up.
The daily chart shows some selling at close which was probably the day traders.
50% rule comes into effect here and means it needs to hold .079. I would expect this to follow its recent pattern of another smaller movement to .095 or .10 area, retracement, then a period of a few days of consolidation. Unless this movement is related to an upcoming PR announcement. When and/or if the OBV crosses 0 and/or/if the Stochs cross above 65 this could really run.
APOA has a HOY .17...
Stoch turned up, OBV spiking, PPS going up.
The daily chart shows some selling at close which was probably the day traders.
50% rule comes into effect here and means it needs to hold .079. I would expect this to follow its recent pattern of another smaller movement to .095 or .10 area, retracement, then a period of a few days of consolidation. Unless this movement is related to an upcoming PR announcement. When and/or if the OBV crosses 0 and/or/if the Stochs cross above 65 this could really run.
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