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Friday, May 31, 2013 10:04:16 AM
I think the weekly chart on EEDG may be more helpful than the daily. It looks like the .008 range acted as support a long time ago, but in late 2011 and early 2012. But even back then, it broke below for a few weeks.
If it were me trading EEDG, I'd probably wait until that daily chart breaks above the 20-DMA and closes above for a day or two, flatting out that 20-DMA which is in a downtrend for a long time. It looks like the price has had a hard time breaking above that moving average:
If it were me trading EEDG, I'd probably wait until that daily chart breaks above the 20-DMA and closes above for a day or two, flatting out that 20-DMA which is in a downtrend for a long time. It looks like the price has had a hard time breaking above that moving average:
I am not a promoter or professional stock trader. I'm a regular guy who enjoys stock trading to make (or lose) a few dollars. I am only responsible for my own trading foibles, not yours...do your own DD.
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