1812 Brewing Company Inc (KEGS)

[magyarbacsi]

Tommy86 my chart:

http://stockcharts.com/h-sc/ui?s=swvc&p=D&yr=0&mn=4&dy=0&id=p73341796134


RE:
Great chart work Tommy86 and redsoxnumba1.

Tommy86 yes the ma200 and ma 50 are established indicators but the EMA8 is a great intra day guide. Many chart traders use the EMA8. On a bottom play a red candle followed by a white candle is a great signal to think about entering a stock. Some enter at this point but others will enter once you have confirmation that the EMA8 has been crossed. Look at my chart an you will see this pattern on each bottom bounce on SWVC.

Now for Monday we closed at .035 above the EMA8 (.0335). This is good. If this does not hold then the next test will be the middle BB(.029). If we continue to decline then I would wait for a bottom with a red candle followed by a white candle (don't forget to look at your other indicators as well) and look to re-enter. The EMA8 is better used to help look for an entry point on a bottom up play. Although it is also can be used as a resistance point and the EMA8 held on Friday. Some people use the EMA5 and EMA10.The EMA5 is .035 and the EMA10 is .0325. Both of these held as well. GLTA