Tuesday, July 05, 2005 5:09:06 PM
Here's my favorite chart right now...RBAK
Nice looling chart pattern...Friday set the 2nd low,
and today it "broke out" on a double bottom...the RSI is just above 60, the DMI+ bounced up off the DMI-, the stochastics are not overbought, and the MACD could crossover into positive territory if it continues up, and it had pretty good volume today.
This is a better look at it...
Nice double bottom "breakout" today, the breakout point was at 6.51, the second low was set at 6.31, so 6.51 + .20 = 6.71....it should go up another .10 from todays close of 6.61
But...the RSI is getting toppy, the ADX looks OK, the stochastics are looking toppy too, that was a NICE MACD crossover this morning, and the volume was the best in the last few sessions. I wouldn't be surprised to see a pullback to the breakout point (6.51) though the next resistance level I see is just above 6.70, and if it hits that first, the pullback may not happen...
Poor BIPH today...I posted 5 charts on it yesterday on the IHUB BIPH board, and was bullish...now I'm just dissapointed...I thought it would break up through 3.00 on the good news re: BSX...I did call for a pullback to 2.75 though, so shouldn't be surprised. It did gap up again this a.m. as predicted, but was expecting it to take out 3.00 within the first few hours today. When it didn't, I lightened up by half...and put it into RBAK, and that worked out well...
CPTCQ is setting up a nice chart, but with another Bankruptcy hearing tomorrow, I'm only keeping one eye on him right now, though it is still one of my favorites and still have high hopes for it's future...just waiting for that Q to be taken off the end of his name...
Good Luck To ALL :>)
Nice looling chart pattern...Friday set the 2nd low,
and today it "broke out" on a double bottom...the RSI is just above 60, the DMI+ bounced up off the DMI-, the stochastics are not overbought, and the MACD could crossover into positive territory if it continues up, and it had pretty good volume today.
This is a better look at it...
Nice double bottom "breakout" today, the breakout point was at 6.51, the second low was set at 6.31, so 6.51 + .20 = 6.71....it should go up another .10 from todays close of 6.61
But...the RSI is getting toppy, the ADX looks OK, the stochastics are looking toppy too, that was a NICE MACD crossover this morning, and the volume was the best in the last few sessions. I wouldn't be surprised to see a pullback to the breakout point (6.51) though the next resistance level I see is just above 6.70, and if it hits that first, the pullback may not happen...
Poor BIPH today...I posted 5 charts on it yesterday on the IHUB BIPH board, and was bullish...now I'm just dissapointed...I thought it would break up through 3.00 on the good news re: BSX...I did call for a pullback to 2.75 though, so shouldn't be surprised. It did gap up again this a.m. as predicted, but was expecting it to take out 3.00 within the first few hours today. When it didn't, I lightened up by half...and put it into RBAK, and that worked out well...
CPTCQ is setting up a nice chart, but with another Bankruptcy hearing tomorrow, I'm only keeping one eye on him right now, though it is still one of my favorites and still have high hopes for it's future...just waiting for that Q to be taken off the end of his name...
Good Luck To ALL :>)
PowerPole >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
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