Monday, February 08, 2010 11:12:28 PM
interesting pattern developing,...
take a look at this chart for $ATG
notice the 20MA/50MA crossover that occurred on Nov 20, '09,...the pps went down,..with the 100MA still in upward trend once the 100MA meets the 20MA pps moves down on Nov 30,..now notice the 50MA/100MA crossover on Dec 22, '09 ,...a small attempt to lift but downward pressure comes in,...
comparing the $ATG pattern with this one (AWSL) and watching how it develops.
the 20MA/50MA crossover occurred on Jan 12,..pps went down,...the 100MA just crossed the 20MA on Feb 8,...pps went flat,..if the downward trend of the MA's continue the 100MA will cross the 50MA for further downward momentum of the pps,...
i'm predicting based on the $ATG MA pattern AWSL is displaying a very similar MA pattern,... based on this MA pattern i am predicting that the pps for AWSL moves down to the 1.50 range. i can't say in what time period...but possible by the end of Feb or end of Mar.
lets observe if there is a technical pattern that can be used to predict movement of pps
take a look at this chart for $ATG
notice the 20MA/50MA crossover that occurred on Nov 20, '09,...the pps went down,..with the 100MA still in upward trend once the 100MA meets the 20MA pps moves down on Nov 30,..now notice the 50MA/100MA crossover on Dec 22, '09 ,...a small attempt to lift but downward pressure comes in,...
comparing the $ATG pattern with this one (AWSL) and watching how it develops.
the 20MA/50MA crossover occurred on Jan 12,..pps went down,...the 100MA just crossed the 20MA on Feb 8,...pps went flat,..if the downward trend of the MA's continue the 100MA will cross the 50MA for further downward momentum of the pps,...
i'm predicting based on the $ATG MA pattern AWSL is displaying a very similar MA pattern,... based on this MA pattern i am predicting that the pps for AWSL moves down to the 1.50 range. i can't say in what time period...but possible by the end of Feb or end of Mar.
lets observe if there is a technical pattern that can be used to predict movement of pps
invest at your own risk, based on your own due diligence, at your own risk tolerance
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.
