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Replies to #16606 on lowtrade
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boogaloo

04/26/10 1:15 PM

#16608 RE: Stocktrader75 #16606

mookie, Re: ACAD, it looks to me like it's sort of following a flag formation the last 2 spikes. PPS is also at the lower trendline right now (which has an upward slope). If it bounces off and also breaks the flag downline then it could be a good buy. But if I were you, I'd wait for more volume and more favorable technicals to signal entry.
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TheBioTrader

04/26/10 2:12 PM

#16613 RE: Stocktrader75 #16606

Mookie.. The flag is not broken yet and close to the lower trend line..do not get in until the trend line is broken for safer play..

Boogaloo is right and also said the same thing..