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Registered User
Joined: 12/23/2004
Posts: 6
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What are your views on the technical strength for NGEN
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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awtonomus:
The trainers here in the Ask A Trainer forum do not give trading advice or opinions about the market or on individual stocks. I am going to move this topic to the Stock and Market Talk forum where you're likely to get input from a number of well-informed TeleChart users and forum guests.
- Doug
Teaching Online!
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Registered User
Joined: 12/8/2004
Posts: 30
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It is not really talking to me, although I like the all the BOP. TSV not bad on 2 and 3 day chart. Support is at $5.90ish after that next level is $4..... not to ssay it is headed that way. I think the best bet is to pull up a chair for a couple days and see what it brings
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Registered User
Joined: 12/23/2004
Posts: 6
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ICanSee4Miles, Thank you for your thoughts..........
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Registered User
Joined: 10/7/2004
Posts: 5
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NGEN has activated a daily Head & Shoulders sell signal as of 4 days ago and is in a short term downtrend. I would pass for now.
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Registered User
Joined: 12/23/2004
Posts: 6
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Thank you for your time trader1-
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Registered User
Joined: 12/8/2004
Posts: 30
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I do not see a head and shoulders formation??
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Registered User
Joined: 10/17/2004
Posts: 43
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I don't think that's a very clear H&S either. I don't see the short term downtrend although everybody has a different definition of short-term and I do see a pullback/consolidation. Still well above the rising 50D and nice MS and BOP support in this pullback. TSV is negative but not terribly so. I'm a little leary of the volatility though so I'd personally avoid it just because it looks like a stock that's tough to predict technically (lots of gaps, lots of big one-day moves, tough to trade on an end-of-day basis).
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 Gold Customer
Joined: 12/7/2004
Posts: 10
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I see where it came out of a base that lasted about 3.5 months. When it broke out, it went on to do what I’ve come to expect from a move like this. That is: “Smart Money” selling accumulated holdings on the way up, and dumping the rest near the top that shows up on the chart as high volume days. After this: spread got smaller and volume contracted before the move down started. A feeble attempt was made for a new high, but was not enough volume to take out the previous high. Now it began to move lower but not on heavy volume. This tells me to wait for a bottom to form and would like to see a Washout day before the bottom.
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