Wednesday, January 23, 2008 2:48:55 AM
PAVCE - (Note: the E in the ticker means they're delinquent with the SEC, http://investorshub.advfn.com/boards/read_msg.asp?message_id=22709482 )
I generally am very wary of plays where the harami cross's close sits on the prior long real body's close. 10 and 50 MA are in a definite downtrend (downtrend required for the harami cross formation). MACD is negative and RSI is in oversold territory (typically bad). Strong volume created the doji; that's good. On the other hand, the doji indicates more downward than upward pressure, which isn't a positive sign. Not really sure what this one will do, but I'll keep it on watch just in case.
I generally am very wary of plays where the harami cross's close sits on the prior long real body's close. 10 and 50 MA are in a definite downtrend (downtrend required for the harami cross formation). MACD is negative and RSI is in oversold territory (typically bad). Strong volume created the doji; that's good. On the other hand, the doji indicates more downward than upward pressure, which isn't a positive sign. Not really sure what this one will do, but I'll keep it on watch just in case.
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