Replies to post #14795 on Bull Warrior Stocks

[pennies2007]

**P N H L Annotated Chart**

The Accum/Dist line is really only useful as a trend reference. I use it to help determine and support other divergences on the chart rather than use it as a stand alone indicator. The Accum/Dist indicator is a comparison of the price (open, close, high, and low) to the volume. Here's a link to a detailed explanation of how it works:

http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:accumulation_distrib

Ok, the chart shows that the stock is still struggling with that .0012 level break. It closed slight above it but no breakout. It's got to close significantly above it and it's got to happen on high volume. The rest of the chart is still ok overall. Volume does need to pick up to help things out.

[pennies2007]

PWLK-Today was the only day of any significant volume in months so the chart isn't really giving us anything. Just play the price. Take profits when you can. It looks like profit takers already stepped in today to drive it back down from a high of .0016 to a close of .0012.