Wednesday, November 02, 2005 5:03:15 PM
A closer look at the PBLS Daily Chart...
Shows the upper Bollinger Band pulled back to .039
The 15DMA downticked a tiny bit today, but the 5DMA upticked.
Today's candlestick is a 'doji' with the intraday low equal to yesterday's, and the intraday high showed a higher high...A 'doji' can mean a continuation of the trend (up), or a reversal of the trend...Let's hope it's the former...
The RSI downticked a bit today, the Stochastics fast line pulled back to touch the slow line, The DMI+ and DMI- continued to increase the divergence, the MACD Histogram upticked a tiny bit, and the Volume is the big story here...Today's volume of 12,589,452 was the highest volume since 10/18/05 (the volume on 10/20/05 was 12,219,380)
So what if it closed down .005...This stock has been Oversold for FOUR DAYS on the daily chart! It's like a rubber band that has been stretched down as far as it can go, and when it's Finally let loose will spring UP a LOT...JMVHO of course...
Shows the upper Bollinger Band pulled back to .039
The 15DMA downticked a tiny bit today, but the 5DMA upticked.
Today's candlestick is a 'doji' with the intraday low equal to yesterday's, and the intraday high showed a higher high...A 'doji' can mean a continuation of the trend (up), or a reversal of the trend...Let's hope it's the former...
The RSI downticked a bit today, the Stochastics fast line pulled back to touch the slow line, The DMI+ and DMI- continued to increase the divergence, the MACD Histogram upticked a tiny bit, and the Volume is the big story here...Today's volume of 12,589,452 was the highest volume since 10/18/05 (the volume on 10/20/05 was 12,219,380)
So what if it closed down .005...This stock has been Oversold for FOUR DAYS on the daily chart! It's like a rubber band that has been stretched down as far as it can go, and when it's Finally let loose will spring UP a LOT...JMVHO of course...
PowerPole >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
