Saturday, September 24, 2005 9:49:16 AM
JDSU - Uptrend (Daily and Weekly charts)
This is the test I was looking for on Friday's trading, good interest building up. This is definately turing out to be a nice mid-term play. Nice bounce off support. If $2.10 is successfully tested, could go back to the $3.00 range, and complete the cup on the weekly chart. Any pullback could be a buying oppurntity. Trading range 2.10 - 1.78. 1.78 needs to hold as it is the new support. 200 MA also broke which is 1.86.
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ADX trend growing stronger. MACD looking into possitive terrority. Check out A/D heading in the right direction.
Relative Strength vs. The Nasdaq
Still a long way to for playing catch-up with the Nasday
http://finance.yahoo.com/q/ta?t=1y&s=JDSU&l=on&z=m&q=l&c=&c=%5EIXIC
This is the test I was looking for on Friday's trading, good interest building up. This is definately turing out to be a nice mid-term play. Nice bounce off support. If $2.10 is successfully tested, could go back to the $3.00 range, and complete the cup on the weekly chart. Any pullback could be a buying oppurntity. Trading range 2.10 - 1.78. 1.78 needs to hold as it is the new support. 200 MA also broke which is 1.86.
>
ADX trend growing stronger. MACD looking into possitive terrority. Check out A/D heading in the right direction.
Relative Strength vs. The Nasdaq
Still a long way to for playing catch-up with the Nasday
http://finance.yahoo.com/q/ta?t=1y&s=JDSU&l=on&z=m&q=l&c=&c=%5EIXIC
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