Replies to post #172499 on ERHC Energy Inc (ERHE)

[TheDane]

Bold. I like it. Check this out...From Market Club...

Strong Uptrend
ERHC ENERGY INC (NASDAQ:ERHE)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
Based on a pre-defined weighted trend formula for chart analysis, ERHE scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend):


+10 Last Hour Close Above 5 Hour Moving Average
+15 New 3 Day High on Wednesday
+20 Last Price Above 20 Day Moving Average
+25 New 3 Week High, Week Ending July 25th
+30 New 3 Month High in June

+100 Total Score

[DegenerateGambler]

If we open at the gap up of 75, by the end of the day we will be back to the low 70s. There are too many of those out there that buy on rumor and sell on news. Since the news has been released, there are many looking for the top of the bubble and will be selling into it. JMHO. And yes I have been wrong many times, but I have the right to keep posting my opinion even though I do not think there will be a great rise in price by the end of the day. This news was too well anticipated and way overdue. The sellers WILL jump in.