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Registered User
Joined: 2/1/2006
Posts: 32
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Registered User
Joined: 3/21/2006
Posts: 4,308
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I like both of these charts.. They have similar chart patterns, ONNN is a little ahead of MSPD in that it broke from its bottom pattern a few months ago, while MSPD is just now doing this...
From a strictly technical point of view, ONNN is already proving itself, but the indicators are almost identical for both securities (kind of spooky) ONNN has a little stronger BOP...
I say you have two good stock picks here...
(IMO)
Apsll...
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Registered User
Joined: 1/28/2005
Posts: 6,049
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Both of these look similar on a daily timeframe.
Flat with an up-turn.
On a weekly chart I like the look of ONNN's
uptrend better.
(I have not looked at the fundamentals)
Thanks
diceman
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Registered User
Joined: 2/1/2006
Posts: 32
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thanks for the thoughts
diceman
apsll
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Registered User
Joined: 2/1/2006
Posts: 32
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diceman apsll
where is resistence likely to be encountered on both ONNN and MSPD?
where would be wise exit points out of both stocks?
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Registered User
Joined: 1/28/2005
Posts: 6,049
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There are not a lot of good measuring points on
ONNN. Since it is basically at multi year highs.
My guess would be the approx. 12.25 area.
Based on old monthly highs (in 2000 ! ) and
how much it has topped out percentage wise vs.
its 12 month moving average.(not a lot of past
data since it has spent a lot of time falling and
basing)
MSPD is basically in the same boat (falling/basing)
Besides the obvious 4$ resistance. My guess is the
3$ zone will also provide some resistance.
(monthly bollinger bands suggest 3 and 4 dollars)
My style is not to predict resistance. I will use some
type of trailing stop and let the stock tell me when its
done.
Thanks
diceman
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