Sunday, July 10, 2005 11:09:14 PM
Hello again MACDad, Snap Hook, coydog, and all...
We've been away from the market for a few months having some FUN!...Got back just in time for one of our favorites to announce some really good news re: the China Deal, after having a Bankruptcy not long ago...Please give me your take on these charts for the short term, as we are a bit overweight in CPTCQ at this time...Of course another good PR or two any day next week could make this one take off IMO...TIA
The Charts Are Looking Good...
6month/weekly:
Big green candlestick last week closing .02 off the high, and above the orange moving average. If the uptrend continues, the yellow moving average will cross up above the orange and the DMI+ will cross up above the DMI-, and the MACD could have a perfect crossover (all three are Buy Signals). The RSI (top yellow indicator) is only just avove 50, though the stochastics are on the high side...The volume was the biggest in 8 weeks...
3month/daily:
Big green candlestick Friday, 3 days above the top BollieBand, the RSI is getting high, the DMI's crossed 3days ago, stochastics show overbought, the MACD is still going up, and the volume Wednesday and Friday was the best since mid-May...
I marked possible resistance level set 4/28/05 at 2.42
5day/ten-minute:
Nice stair-step up Friday, consolidating in an uptrend...
BollieBands are tightening, the RSI is not too high, the ADX looks good, stochastics are high, but look for the MACD to crossover, good volume at the end of Friday means to me folks didn't want to be out over the weekend in case another PR hits the wires before the open Monday...
GLTA :>)
We've been away from the market for a few months having some FUN!...Got back just in time for one of our favorites to announce some really good news re: the China Deal, after having a Bankruptcy not long ago...Please give me your take on these charts for the short term, as we are a bit overweight in CPTCQ at this time...Of course another good PR or two any day next week could make this one take off IMO...TIA
The Charts Are Looking Good...
6month/weekly:
Big green candlestick last week closing .02 off the high, and above the orange moving average. If the uptrend continues, the yellow moving average will cross up above the orange and the DMI+ will cross up above the DMI-, and the MACD could have a perfect crossover (all three are Buy Signals). The RSI (top yellow indicator) is only just avove 50, though the stochastics are on the high side...The volume was the biggest in 8 weeks...
3month/daily:
Big green candlestick Friday, 3 days above the top BollieBand, the RSI is getting high, the DMI's crossed 3days ago, stochastics show overbought, the MACD is still going up, and the volume Wednesday and Friday was the best since mid-May...
I marked possible resistance level set 4/28/05 at 2.42
5day/ten-minute:
Nice stair-step up Friday, consolidating in an uptrend...
BollieBands are tightening, the RSI is not too high, the ADX looks good, stochastics are high, but look for the MACD to crossover, good volume at the end of Friday means to me folks didn't want to be out over the weekend in case another PR hits the wires before the open Monday...
GLTA :>)
PowerPole >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
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