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Re: Alamo_on_the_rise post# 10573

Monday, 12/07/2009 10:49:46 PM

Monday, December 07, 2009 10:49:46 PM

Post# of 55136
on the weekly the chart looks positive for buy and hold.
full stochastics is rising
MACD is rising
BB is tightening up
price is above the 20SMA and below the upper BB
price is down on lower volume


on the daily chart though it doesn't look as promising but again this is a shorter term view

RSI is pointing down
full stochastics is starting to point down

what I like about the RSI is that it is still above 50 and if it stays above 50 it can turn around with the news we're expecting.

the full stochastic has been a little gittery also so since it is above 50 that could also be a positive.

I am no expert so I am just stating the obvious.

I am in with not as many shares as you guys but I am hoping for the best.