too low...but what do i know(lol...for the rhyme)--in all seriousness, i like your play..i just need one..maybe two more days visually(just set a trap for myself?)---since you have showed your play..i will expose my own(against my personal beliefs)---getting up the "gumsha" to swing this company...i added four times to my position in march(three of them were smart..one poor...and never on the same day)--my play is based on .255(if i pull the trigger)--i went back a year and viewed things in a weekly perspective..there is a "neat" candle pattern that developed over the past nine weeks..from a huge thrust through the top bollinger band during the first week of february...to a steady decline..and finally to our thrust back up last week---we haven't reached that top band...and my opinion is that we will..before we will not...its just a matter of how we do it --a solid pattern has formed over the past nine weeks...only problem is that there is nothing to base it on...no significant reference concerning gtel---in a nutshell..i think your target may be reached this week based on a "high wave" type candle--the weekly pattern resembles one that i have seen on the daily---very similiar to the "rising three methods"...looks very bullish for 2005---and i thought last week was interesting..HA!---how much do you want to bet that i cop out and go "old school"....hold for retirement(lol)
Good call lowtrade. My swingtrade is set @ $.39 for a 40%er, though it may not get there. When that rsi 14 gets above 70, I watch it like a hawk for a trend reversal and swingtrade at first site of one. Best of luck.
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