RE: chart comment / Need some positives PRs!In order to evaluate these stocks technically, it is important to use the right scale for price. Most charts that we find on the various internet sites display
the price grid incorrectly.
It should be graduated in a way that reflects true percentage gains (ie logarithmic). A stock move from $1 to $2 (100%) should be represented by the same scale as as stock move from $2 to $4 (100%). This is very important and often overlooked. If you look at a chart for highflyer RIM in this way its amazing how you get a more realistic perspective on the health and potential risk involved in your investment decision depending on where you are getting on board. The movement of RIM from $10 to $100 (10x gain !!!) should not be represented on a stock chart in the same way that a 1x gain ($100 to $200) is charted. I can not stress enough how important this is.
LAN charted in the proper way actually looks very healthy. The stock moves up on strong volumes - contracts on smaller volumes. Support levels are consistently higher than the previous one. For investors long on LAN it is best to use the weekly charts. For short term traders use the daily plot.
Happy Trading/Investing!