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Re: jealouZ post# 114778

Sunday, 01/16/2011 12:03:27 AM

Sunday, January 16, 2011 12:03:27 AM

Post# of 721338
FFI - good question-- see charts below--

FFI was posted by Boochy -- Let's make sure he gets a Person Mark - working hard on Golden Crosses Scans.

I look at several things:

1) recently it had a Golden Cross on Daily (bullish 3-6 months)
2) The previous high on recent run was .625 on Dec 13, 2010
3) The RSI is at 67 previous runs it went past 70 (it has room now)
4) The MACD is about to cross
5) Look at the On-Balance on daily.. now look at weekly That is HIGH. (excellent)
6) Next I would do is look at the company recents news, quarter report etc. If the DD support the run I am a BUYER.

Bottom line-- I would give it a Trigger of .64 (it hit .63 on Friday)

Target - you are correct $1.28 -- I would also look at the 8x34 chart, that has also helped me for resistance points as we know there will be some between .63 and 1.28

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[chart]cdn2.maxim.com/maxim/files/2010/04/29/krystyn-toms-river-nj/Krystyn_l1.jpg[

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