| Welcome Guest, please sign in to participate in a discussion. | Search | Active Topics | |
Registered User
Joined: 12/2/2004
Posts: 1,775
|
RXII, several things I like here. Excellent multi-day burst of green volume Dec. and Jan. that accompanied its price surge. BOP/MS gave stamp of approval. Since peak of price mid Jan. note how both volume and daily price ranges have shrunk, both constructive. OBV remains strong despite drying up of volume, and BOP and MS not buckling. Moving avg. technicals look fine with 20 over 50 over 200. Bollinger Band fans have to love the current squeeze (does it get prettier?), but will it pop to upside? Biggest nearby resistance I see assuming current coil high is taken out, is May high of 7.50 area, but if price were to stall there still a very good percentage move. A watcher imo.
|
|
Registered User
Joined: 7/1/2008
Posts: 889
|
also good for "dragon" afficionados!
|
|
Registered User
Joined: 10/7/2004
Posts: 2,181
|
ala Facebook, Like!
|
|
Registered User
Joined: 12/2/2004
Posts: 1,775
|
A heads up as price making a move here on volume spurt, highest volume in past ten days for same time period (first hour and 45 minutes). Right at resistance now of 2 mo. consolidation.
|
|
Registered User
Joined: 10/7/2004
Posts: 2,181
|
fpetry; very nice call. were you in? I forgot to buy. Yikes!
|
|
Registered User
Joined: 7/1/2008
Posts: 889
|
well done fpetry! I missed RXII but was in a similar setup with JOEZ today.
This market has really been dealing out huge breakouts left and right lately..
|
|
Registered User
Joined: 3/21/2006
Posts: 4,308
|
Ben is right about the break-outs. It is like a teeny bopper with acne, they are poping all over the place. I hope that you got a piece of this one......
|
|
Registered User
Joined: 12/2/2004
Posts: 1,775
|
Thanks guys, I was due one after the RNN trade didn't pan out quickly as I hoped.
Ben, congrats on the JOEZ trade, I really like that chart and scratching my head on why I never had it on my watchlist, it seems to have all the traits I look for in a setup. I really like that it has a lot of clear air above now that it's closed above its July 07 highs.
Tobydad, thanks, wish I had bought when first posted with price 5.25 area, so smaller piece now 5.85.
Apsll, re acne popping...nice analogy, lol.
|
|
Registered User
Joined: 2/5/2006
Posts: 1,148
|
test
|
|
|
Guest-1 |