Wednesday, March 17, 2010 10:42:47 PM
GRNO CDIV EIGH chart and analysis
I feel like I am having DE JAVU with these 3. Obviously they are all Monk's Den lock down plays but when you look at the charts they could all be bottoming at one time. The beauty of these plays is if you are in all 3 then it only takes one to go to make a lot of money and if they all take off at one time then I will have a lot of capital gains to pay this year.
GRNO
I am still not ready to say we have a reversal but I think tomorrow will let us know. The indicators seem to be turning and my uptrend line looks to be forming along the 20MA but we still need confirmation. I have been buying heavy at these levels and if I see strength in the morning I will be hitting the ask hard. Also notice the SAR sitting way up at .58 and even during the pullback the A/D line is still very bullish.
CDIV
Much like GRNO I am basing my trend line on the 20MA but we still need confirmation before calling a reversal. The indicators are starting to turn and the A/D line is very bullish.
EIGH
This one is a little hard to pin down. We appear to be seeing capitulation in the .08 area but that gap at .0759 still bothers me just a bit. EIGH is not as bullish as the other 2 from a technical standpoint (A/D line, CMF) but it feels as if it has bottomed. Notice the SAR forming today up at .14 and the trend line following the 20MA again.
I feel like I am having DE JAVU with these 3. Obviously they are all Monk's Den lock down plays but when you look at the charts they could all be bottoming at one time. The beauty of these plays is if you are in all 3 then it only takes one to go to make a lot of money and if they all take off at one time then I will have a lot of capital gains to pay this year.
GRNO
I am still not ready to say we have a reversal but I think tomorrow will let us know. The indicators seem to be turning and my uptrend line looks to be forming along the 20MA but we still need confirmation. I have been buying heavy at these levels and if I see strength in the morning I will be hitting the ask hard. Also notice the SAR sitting way up at .58 and even during the pullback the A/D line is still very bullish.
CDIV
Much like GRNO I am basing my trend line on the 20MA but we still need confirmation before calling a reversal. The indicators are starting to turn and the A/D line is very bullish.
EIGH
This one is a little hard to pin down. We appear to be seeing capitulation in the .08 area but that gap at .0759 still bothers me just a bit. EIGH is not as bullish as the other 2 from a technical standpoint (A/D line, CMF) but it feels as if it has bottomed. Notice the SAR forming today up at .14 and the trend line following the 20MA again.
This is only my opinion and should not be considered financial
advice
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