Replies to post #148 on Chart Patterns and TA

[gfp927z]

The SURG chart setup does look promising for another leg up. They are entering the Russell Microcap Index, so one might expect a surge of buying.

I see what you mean about the 1 share in AH at 5.22, but that share 'might' just be an odd lot portion from the flurry of buy orders at the close. There were a bunch of buys in the final seconds of trading, including one big one for ~ 15,000 shares. As you said, next week should be interesting :o)

One would think there could be significant buying from index ETFs, but I haven't followed enough of these 'index addition' plays to know how they typically act, or whether the index ETFs are able to buy well ahead of time (?) If they can, then the current move might be muted.

But based solely on the chart, it looks poised to break up thru the 5 resistance level.




---