AI
Saturday, November 19, 2005 7:20:24 AM
That is a very poor stock to compare to. Here's why.
Of course there has to be some other technicals involved because the 50dma doesn't move up on its own.
• There was absolutley no volume on phbt to support the cross.
• RSI was dropping way before the cross. (I would have never bought into it)
• Williams% was low before the cross.
• There was a negative divergence as the stock was slightly going up. (not good!)
• The cross was almost flat as opposed to straight up
• And the stock was in a decline.
Unlike GZFX, ALL THOSE ARE OPPOSITE! Stock is in an uptrend. RSI is strong. Williams% is up, cross will be a cross not a flat cross, Volume is HUGE.
Of course there has to be some other technicals involved because the 50dma doesn't move up on its own.
• There was absolutley no volume on phbt to support the cross.
• RSI was dropping way before the cross. (I would have never bought into it)
• Williams% was low before the cross.
• There was a negative divergence as the stock was slightly going up. (not good!)
• The cross was almost flat as opposed to straight up
• And the stock was in a decline.
Unlike GZFX, ALL THOSE ARE OPPOSITE! Stock is in an uptrend. RSI is strong. Williams% is up, cross will be a cross not a flat cross, Volume is HUGE.
