|
|
|
|
||
Re: Wbart - Technical PleaseHere's my hocus pocus,guessing because without volume who knows... The stock had been in a hourly down channel since $29.93 high in early October.It has moved in a flat lined fashion outside the hourly down channel which is good as are the curling up of MACD,PPO,RSI indicators. I'd like to see it reclaim it's 200 dma @ $17.30 with a return of volume and chart won't be ST bullish until that occurs.With Tekmira it seems as though we need a 100 point+ down day in the macro market for it to move up.Side note-arwr may be turning up with its close @ 5.90 R friday and will become very bullish on breaks above 6.20/7.20.ALNY has been on fire. There's interest/investment in sector. Closing S/R(ST/MT) Downside S @ $14.8/$15($15.12). Upside R @ $16.60 and $18.40. *very short term,breaching the $17.24 closing high of several days ago with good volume would get us above 200dma,keep technicals turning up, be a double bottom breakout(16.05 close 11/11 vs 16 close11/21) and get us to $18.40 in a heart beat and likely set up a gap fill @ 21.46 near term. If not, then maybe they spike it back down to $14.66 and double bottom it there before moving it back up into $20s. They'll do what they want to do when they want to do it. This sideways/flat line trade suggests accumulation to me. I'm buying a spike(<14.66) double bottom with close @ or above $14.80 area and/or a $17.24+ close. Medium and Long term we remain in well defined up channels with supports creeping up daily and presently around $14. Shorts continue to take and return my shares on a daily basis so they're as nervous as longs and everyone's guessing ST movements until trend can be established one way or other. |
return to message board, top of board |
Msg # | Subject | Author | Recs | Date Posted |
26494 | Re: Wbart - Technical Please | sjstockshark | 0 | 11/22/2014 1:05:41 PM |