Saturday, July 16, 2005 5:00:37 PM
CPTCQ Weekly Chart is LOOKIN' GOOD...
Another Big Green Candlestick this week much like last weeks, and again closing .02 off the intra-week highs, and closing above the 50-SMA! The RSI is not too high. The DMI+ is about to cross up thru the DMI-. The stochastics are getting high but could remain up there if it continues to Boosh next week. The MACD broke above zero, and it broke up thru the EMA Line. The volume was the biggest in 9 weeks, and beat the previous weeks volume by 1,316,300 Looks VERY BULLISH to me...
A nice 4 day consolidation in an uptrend that surprised me by breaking up...I thought it was gonna dump Friday afternoon... Instead, it closed Friday above the 200-SMA!!! The RSI and Stochastics are too high, ADX is OK, MACD EMA lines look good...
I wouldn't be surprised if we got another PR Monday a.m. before the bell to propell this well above 3.00, and then make that level support. The next resistance level I see is at 4.25
Good Luck To ALL ;>)
Another Big Green Candlestick this week much like last weeks, and again closing .02 off the intra-week highs, and closing above the 50-SMA! The RSI is not too high. The DMI+ is about to cross up thru the DMI-. The stochastics are getting high but could remain up there if it continues to Boosh next week. The MACD broke above zero, and it broke up thru the EMA Line. The volume was the biggest in 9 weeks, and beat the previous weeks volume by 1,316,300 Looks VERY BULLISH to me...
A nice 4 day consolidation in an uptrend that surprised me by breaking up...I thought it was gonna dump Friday afternoon... Instead, it closed Friday above the 200-SMA!!! The RSI and Stochastics are too high, ADX is OK, MACD EMA lines look good...
I wouldn't be surprised if we got another PR Monday a.m. before the bell to propell this well above 3.00, and then make that level support. The next resistance level I see is at 4.25
Good Luck To ALL ;>)
PowerPole >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
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