GREY:ENGFF - Post by User
Post by
zetaon Apr 29, 2008 10:10pm
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Post# 15021539
TA AND CHART FOR WEDNESDAY
TA AND CHART FOR WEDNESDAYHi -- A black bearish candle today that certainly cooled the uptrend down. The candle today is also Dark Cloud Cover and this is a bearish signal - how bearish remains to be seen, but notice that the volume was very low and we might just be looking at a day or two of minor pullback.. This could very well be a one day pullback, just enough to clean the stock up and let the shorts fill their pockets - If the volume was heavy today, I would get concerned, but it was not and as well, the stochastic remained bullish. A breakout over the high today - 2.29 would be a very bullish sign and point to a run to the 20 ema at 2.64 -- So, looking a little bearish today, but not dead in the water yet. Good luck tomorrow. Here is the daily chart. Zeta
