Wednesday, December 08, 2004 11:09:14 PM
MOBE hit my oversold scan tonite & news re. new European distr. channel
FD: have been long for nearly a year in LT account
this week's news: http://press.mobilityelectronics.com/phoenix.zhtml?c=120809&p=IROL-NewsText&t=Regular&id...
mobility has been in a horizontal continuation pattern for most of the year with support near 6 and resistance in the mid 9s. There have been a couple of forays to 10 and above without being able to sustain the level.
Share price has been faithful recently to the short term oscillator. The October high appears to now serve as a support level as it marked a resistance on 11/11 that was worked through and a support level for the closing low Monday/opening low Tuesday. Also note the "hinge" or "hitch" in the oscillator mid-November. Share price selling never reached oversold levels in the oscillator as they now are.
So, I think 10, 10.50, and then 12 is quite achievable in the next 4-6 weeks. Mid-teens for midyear '05. Their doohickies will make good stocking stuffers for mobile travellers. Check out http://www.mobilityelectronics.com/
FD: have been long for nearly a year in LT account
this week's news: http://press.mobilityelectronics.com/phoenix.zhtml?c=120809&p=IROL-NewsText&t=Regular&id...
mobility has been in a horizontal continuation pattern for most of the year with support near 6 and resistance in the mid 9s. There have been a couple of forays to 10 and above without being able to sustain the level.
Share price has been faithful recently to the short term oscillator. The October high appears to now serve as a support level as it marked a resistance on 11/11 that was worked through and a support level for the closing low Monday/opening low Tuesday. Also note the "hinge" or "hitch" in the oscillator mid-November. Share price selling never reached oversold levels in the oscillator as they now are.
So, I think 10, 10.50, and then 12 is quite achievable in the next 4-6 weeks. Mid-teens for midyear '05. Their doohickies will make good stocking stuffers for mobile travellers. Check out http://www.mobilityelectronics.com/
TRADING: "More Signal...less Noise"
LIVING: "One World, One Family, Warm Heart" Dalai Lama
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