EWZuber
1,373 posts
msg #29829
- Ignore EWZuber |
11/12/2003 4:38:58 PM
With DCUT slightly oversold on hourly charts, a convergence of stochastic fast and slow lines and a close near the intraday high, I'd say this one is going higher. Most of the day the stock spent consolidating near resistance.
Next resistance at the 50 DMA @ about $0.14. The 50 DMA is starting to flatten out so it can be used as support.
With Daily chart stochastics becoming overbought DCUT will likely make it's move before long. JMHO
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EWZuber
1,373 posts
msg #29840
- Ignore EWZuber |
11/13/2003 12:16:41 PM
Looks like resistance held at the trendline break. Thats why I advocated taking profits at that time even though it looked like the stock might form a new supporting trendline. Once that trendline is broken and the trade is not taken it becomes a gamble, IMO.
Looks like DCUT will test the 25 DMA as support again now.
Longer term I still expect the stock to move higher but wouldn't take a new position until this new descending resistance trendline is broken, formed from the cycle high at $0.127 on the hourly chart.
Right now the stock is sitting on support at the 25 HR.MA which is in an uptrend but may not hold.
There are several more support areas to deal with but it is too lengthy to get into here.
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ccdanson
9 posts
msg #29859
- Ignore ccdanson |
11/14/2003 8:32:34 AM
Joe and Zuber
Thanks for bringing this stock to my attention. Got in at .09 and out at .12 after considering Zubers profit taking remark. Both good calls. I'll watch this one for a chance to get back in.
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TheRumpledOne
6,411 posts
msg #29865
- Ignore TheRumpledOne |
11/14/2003 12:54:30 PM
Wow, 33%!
Lunch is on YOU!
MAY ALL YOUR FILLS BE COMPLETE!
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