Warrior Charts: Week of 12/14/2009
Sat, December 12, 2009 8:52:46 AMFrom: Bull Warrior Stocks <info@bullwarriorstocks.com>Add to Contacts
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Warrior Charts
Week of December 14, 2009
Happy Saturday morning everyone! It's that time again... time for another batch of our Warrior Charts! Last week we did very well. Didn't have any huge gainers, but with 3 winners, 1 loser and 1 "no play", we aren't going to complain! To see a video review of last week's Warrior Charts go here.
A few notes before we go into our new chart set-ups for the week...
RVBF continues to do well. It hit $.149 on Friday, but more importantly, it had a nice day of churning and consolidation. The $.10 level held strong (in fact, it wasn't even tested!), and as long as that remains the case, the chart will look very attractive. We are looking for a break of the short term resistance level at $.15 this next week, and if the bulls can accomplish that mission, we could see another nice move in the price. Bottom line, don't pull RVBF off your watchlists quite yet!
We've recieved numerous messages after RVBF's nice move from our Facebook community of subscribers asking if we can send them messages instead of just posting on our wall. That way, for the people who can't sit there and refresh their screen all day have a chance to get our hot alerts. We will be giving that a try this week, so don't be surprised to see some messages from BUll Warrior Stocks showing up in your Facebook inbox.
This week we have another Focus Chart to keep a close eye on, and for those of you who remember our last Focus Chart (IROG), you know it did very well ($.68 - $.93... +37%).
Let's get started!
Focus Chart: WTAR
Our chart this week falls into the 'Bottom Bouncer' category. You can see well it has bounced off the 200-SMA (black line on chart below), and with the increase in volume, it looks like this party may just be getting started. Because the bounce has already begun, we mapped out two possible ways to play the chart. If you'd prefer to sit on the bid and try to pick up shares, then you can see where those entry areas are in green. If you're one of those adrenaline traders who likes to buy on key breaks, then $.075 is the level you need to watch. Be sure to scroll down and check out our other four chart set-ups for the week too!
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This Week's Warrior Charts: C, WTAR, JASO, BSX, USEG
Be sure to put these on your trading radars!
Our Chart Plays
Pattern Plays: these are charts that fall into one of the various technical patterns that represent a bullish psychology in regards to the price action of the stock.
Bottom Bouncer Plays: charts that are either already showing signs of life after having been beaten up, or charts that may be preparing to 'wake up'.
Trending Trading Plays: as the saying goes, "the trend is your friend", and these charts will be in solid bullish uptrends.
Volume Alerts Plays: sometimes the best way to catch a big run before it happens is by monitoring the volume - these plays will focus on charts experiencing sudden bursts of bullish volume.
Breakout Pending Plays: these are charts that are nearing a potential breakout, but are not quite there yet. It is crucial to monitor both the volume and price action in relation to the resistance levels.
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