Monday, March 24, 2008 10:11:38 AM
**G E T C Annotated Chart** (03/23/08)
http://investorshub.advfn.com/boards/read_msg.asp?message_id=27854950
Posted by: pennies2007
In reply to: greatday88 who wrote msg# 11711 Date:3/23/2008 10:38:28 PM
Post #of 11784
**G E T C Annotated Chart**
Here's a new chart on G E T C. The chart is bullish overall. The last couple of days have been pullbacks on fairly light volume so that doesn't really bother me. All stocks have to rest during an uptrend.
I do expect a pullback Monday based on the candle that was formed Thursday. Notice that the red candle form Thursday has no shadow on the bottom. That means that selling was going on right at the close. This also means that some sell orders were probably not filled and that means a dip is very likely Monday morning first thing.
During the dip, I would like to see the MA(10) hold as support and then see the stock bounce back up afterwards to begin the uptrend again.
You mentioned the .15 buy causing the long shadow on the candle. It does have a valid history as a resistance level so I would include it during any uptrend as a valid resistance. (see prior .15 high in Sept. 07).
Monday and Tuesday will tell the tale here.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=27854950
Posted by: pennies2007
In reply to: greatday88 who wrote msg# 11711 Date:3/23/2008 10:38:28 PM
Post #of 11784
**G E T C Annotated Chart**
Here's a new chart on G E T C. The chart is bullish overall. The last couple of days have been pullbacks on fairly light volume so that doesn't really bother me. All stocks have to rest during an uptrend.
I do expect a pullback Monday based on the candle that was formed Thursday. Notice that the red candle form Thursday has no shadow on the bottom. That means that selling was going on right at the close. This also means that some sell orders were probably not filled and that means a dip is very likely Monday morning first thing.
During the dip, I would like to see the MA(10) hold as support and then see the stock bounce back up afterwards to begin the uptrend again.
You mentioned the .15 buy causing the long shadow on the candle. It does have a valid history as a resistance level so I would include it during any uptrend as a valid resistance. (see prior .15 high in Sept. 07).
Monday and Tuesday will tell the tale here.
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