AI
| Followers | 1739 |
| Posts | 142213 |
| Boards Moderated | 4 |
| Alias Born | 09/11/2005 |
Wednesday, September 12, 2007 8:22:59 PM
COPI vs SWVC - a "Golden Cross" study of the chart patterns...
I think a comparison of COPI and SWVC charts before and after the "Golden Cross" of the 20 day moving average over the 50 day moving average, is totally in order!
Now for those unfamiliar with the "golden Cross", this is on of the strongest breakout patterns there is.. It means that longer term indicators are getting stronger and the stock is in a strong rising uptrend, and many times the crossover marks the beginning of a big move, as technical oriented traders see this indicator and then invest based upon it.
So I took SWVC from 8/10/07 tp 9/10/07 to keep the pullback noise off the chart... You can see that at the time of the golden crossover it was about .015 in price and ran to over .08 in just 6 short days...
Now we have COPI that crossed at about .008 and if it were to run the same distance... would have a share price of over .04 before a significant retrace.
Sometimes it's hard to sit back and not cash out, but to get the big runs... you have to endure the daily swings and wait for the big move to play out.
Also, COPI may or may not run like SWVC, it's a different stock and has a much lower outstanding share total..
IT COULD RUN MORE BECAUSE OF THE LOWER FLOAT!
Anyway, here are the charts... see what you think!
SWVC chart..
COPI chart
I think a comparison of COPI and SWVC charts before and after the "Golden Cross" of the 20 day moving average over the 50 day moving average, is totally in order!
Now for those unfamiliar with the "golden Cross", this is on of the strongest breakout patterns there is.. It means that longer term indicators are getting stronger and the stock is in a strong rising uptrend, and many times the crossover marks the beginning of a big move, as technical oriented traders see this indicator and then invest based upon it.
So I took SWVC from 8/10/07 tp 9/10/07 to keep the pullback noise off the chart... You can see that at the time of the golden crossover it was about .015 in price and ran to over .08 in just 6 short days...
Now we have COPI that crossed at about .008 and if it were to run the same distance... would have a share price of over .04 before a significant retrace.
Sometimes it's hard to sit back and not cash out, but to get the big runs... you have to endure the daily swings and wait for the big move to play out.
Also, COPI may or may not run like SWVC, it's a different stock and has a much lower outstanding share total..
IT COULD RUN MORE BECAUSE OF THE LOWER FLOAT!
Anyway, here are the charts... see what you think!
SWVC chart..
COPI chart
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
