Monday, October 24, 2005 9:37:58 PM
Alex...Here are some charts for the stocks...
You mentioned today.
NGAS:
2Month/Daily:
Lower Lows, Lower Highs=Bull Flag...
Possible entry for a Swing Trade as it's at the bottom Bollinger Band so the downside is limited, and it's holding the 50DMA as support...The RSI is upticking, the ADX is not too good, the Stochastics hit rock bottom and is upticking, and the MACD downticked today...I would use today's intraday low as a stop loss exit...
10Day/Hourly:
It could go either way here, the 5DMA crossed up through the 15DMA...The RSI is downticking, so is the DMI+, and the Stochastics are overbought and double-topping, the MACD was UNCH though the signal lines upticked, and the Volume was light the second half of today...It might go down to test today's intraday low to around 10.50
Overall, I like this stock more for Daytrading, as it has some Large intraday moves in the pps...
You mentioned today.
NGAS:
2Month/Daily:
Lower Lows, Lower Highs=Bull Flag...
Possible entry for a Swing Trade as it's at the bottom Bollinger Band so the downside is limited, and it's holding the 50DMA as support...The RSI is upticking, the ADX is not too good, the Stochastics hit rock bottom and is upticking, and the MACD downticked today...I would use today's intraday low as a stop loss exit...
10Day/Hourly:
It could go either way here, the 5DMA crossed up through the 15DMA...The RSI is downticking, so is the DMI+, and the Stochastics are overbought and double-topping, the MACD was UNCH though the signal lines upticked, and the Volume was light the second half of today...It might go down to test today's intraday low to around 10.50
Overall, I like this stock more for Daytrading, as it has some Large intraday moves in the pps...
PowerPole >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
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