RE:RE:Technicalsskier59 wrote: From what I read Gustoes it appears we have support right around here in the mid 40's. The signal line has crossed over the MACD which was expected after the sell-off but the divergence is low and we want to see that line cross back over. This retracement was to be expected, just wish I could have played with more shares, but this is not my day job, and with this type of potential, you certainly don't want to leave yourself too empty. Right now the resistance looks like it could be in the low 50's but with any good volume we could break through quite easily. Remember the available float is relatively small considering all factors. I think this week-ends meetings could bring some new interest into the stock and really that is all we need right now. We've all seen what the USA investors are willing to pay for potential cancer cures, and that is vital that we can get away from too many Canadians owning this stock. Nice gang we are but cheap and generally too conservative. The Americans will probably try and load up as much as possible in this 50 cent range before making a blast off. The fact that analysts believe the TLT SP is worth $1 just for the laser division alone should help us to work our way up towards that level over the course of the next couple of months, especially once the 2000 is officially launched. I'm keeping dry powder and some stink bids in just in case this basher crew and their boss try to take us into the 30's, but I think they will have a hard time succeeding with that plan.
Which chart/ma are you using for your MACD signal? Gerald Appel recommends
8-17-9 MACD to generate buy signals and a 12-25-9 MACD for sell signals. I usually look at weekly and daily charts. With TLT it's quite easy to see where we're going, I imagine next week should cross over and start upwards a bit.