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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Bullboard Posts
Post by zetaon Jul 31, 2008 5:43pm
1122 Views
Post# 15349722

TA AND CHART FOR FRIDAY

TA AND CHART FOR FRIDAYHi -- Well, NAG did the expected today, moving back into an uptrend. That is a nice bullish white candle today and should lead the way to trading in the .30 to .35 range tomorrow. This is a strong reversal pattern, so, I would expect to see a reasonable run over the next while - like to the .40 to .45 range . As well, the stochastic has turned up nicely, also pointing to higher prices. You have to be careful with NAG in the early trading. The market maker likes to sit back and let the stock drift for the first few hours and then -- in he walks with some buying power to run it up for the afternoon trading. The bears tried hard to knock the stock down in the early trading, but they could not take control of the market. I think the buyers are back in control and we are going to see more upside action to close the week. Looks good to me so far. Here is the daily chart. Good luck tomorrow. Zeta
Bullboard Posts