GREY:SXRZF - Post by User
Post by
LongoGlueStickon Aug 22, 2007 11:36am
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Post# 13283254
Shorts should cover
Shorts should coverI want to be professional in my posts and do recommend now that shorts at least cover their positions now.
My technicals have now turned bullish for this stock (I think we will see $13 by the end of next week).
1. The MACD has officially crossed over marking the start of a possible new uptrend.
2. Many momentum indicators have now crossed over their middle lines (RSI, ROC and the Ultimate Indicator) suggesting a new up trend.
3. ADX (DMI-) has crossed lower suggesting a slowing of the downtrend.
4. It is 11:30 and we have already traded close to 4 million shares. I think we will close with at least 8 million traded today and if the price holds up, we are going higher.
A close above $12 (resistance level) on high volume would be *extremely* *bullish* for UUU !!!!