AI
Wednesday, December 21, 2005 7:05:19 AM
x10. Volume showed a lot of selling yesterday. MACD is NOT in your favor anymore. This stock usually hits the middle bollinger band and goes up but its not near the middle band right now. I see a retrace a little more but I see why you had sold it at 2.51, you thought that was it, it was falling to much so you decided to bail. Smart because that drop was where the MACD collapsed. This stock is weaker so stay away from now.
It might turn up the macd but risk is more now. Are you looking for another entry point??
If it drops below 2.60, just keep watching, but if it starts bouncing from 2.60, I'd consider it for a wuick in and out.
It might turn up the macd but risk is more now. Are you looking for another entry point??
If it drops below 2.60, just keep watching, but if it starts bouncing from 2.60, I'd consider it for a wuick in and out.
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