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Gosh it's a LONG drop from up here

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Croesus I Member Level  Thursday, 10/06/05 04:05:47 PM
Re: Onthego post# 1963
Post # of 2577 
Gosh it's a LONG drop from up here Glad to see that your making money...

Re: STM.v That POS sorta got a way from me... Anyway for the read on the Daily chart:

I see that STM.v keeps hitting resistance @ the 200 Day EMA, yet the PSAR suggest a buy. The other indicators that I use, eg: the ADX & DMI's suggest a buy is in order, however it is overbought & one might wait for a bit of retracement. STM.v is trading above both the 5 day ema & the 21 day ema (good signs)

The major problem that I see is with volume. IMHO volume will either drive this stock up or lack of volume will let the pos drift down.

All of course fwiw only.

Edit: Almost forgot to add; the downtrend from March to September (this year) appears to be over. Only time will tell...

Regards,
Peter




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