JBIL,YURI,TKLC so far so good: geocities.com
I like JBIL, TKLC, YURI for the next few trading days if the techs are still alive. Here's why:
TECHNICAL CHARTS FOR JBIL
Friday's activity shows an increase in volume relative to the previous bar from yesterday, but the MFI value on Thursday was 20.60 and now it is 17.64 which is lower.
The increase in volume indicates heavy activity, but the decrease in the MFI (The MFI simply divides the day's range (high to low) by the total volume. The result shows the efficiency of price movement by
quantifying the price movement per unit of volume). this indicates that the market is unable to make any real decisions.
Because the volume increased, a trend that has begun maybe is still uncertain and the price movement has stopped. Since we have increased volume it looks like JBIL is ready for MORE price movement and possibly continued breakout will be seen.
Since the price of JBIL is below it's Below it's 30, 90 and 200 period moving average it's still not significantly signaled a change of trend. For short term I'm looking for price target of 45-50, but because of the market climate any external force can act on this stock as well as the rest of the sector.
Second, the Chaikin Oscillator for JBIL shows that money is flowing into JBIL.
Third, The indicator DMI was tested to see how effective it was. (1) Profitability Testing you can see at the bottom of the status line (2) Optimizing tests the parameters that resulted in the highest
(optimal return)
Fourth, the stochastics have nicely broken out.
Fifth, JBIL's Accumulation/Distribution value has increased by 38 in last week that put JBIL in the top 97th
percentile of stocks with increasing A/D's.
Sixth, Volume Ratio 1,2,3,4,5,/30 Day, shows that for the last week JBIL has been trading over 200% higher than average 30 day volume.
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TKLC and YURI's technicals look good. geocities.com |
