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AcousticHockey

05/19/11 12:28 PM

#13497 RE: auroradude #13493

I jumped in based on a technical play only. I don't know much about the company from the short DD that I did but I like the chart.

Technicals are turning up. Will it fill the gap? That's a tough one to say especially with the volume it had on the decline. I do believe that it will step it's way towards that gap over the next few weeks. But the volume that made it drop is a lot higher than what it's trading today. But it looks like it found the bottom over the last couple of days.

RSI is turning up (Although it's oversold)
MACD histogram is getting smaller (although not by much)
ADX - +DI is curling up and -DI is curling down
STO & Williams % have begun to curl. Need confirmation over the next couple of days to see if they will continue the move.

Biggest key here imo is the volume. Lots of shares were sold on the way down, need to get some buying volume on the way back up.