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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: William who wrote (1162)6/21/2001 11:06:33 PM
From: StockJock-e  Read Replies (1) of 5205
 
Its simple technicals, take a look at the NEWP chart... Ah.. a double bottom the daily with increasing volume... thats bullish. Then look at the 60m chart.. what you see there is a triple bottom at 21, another bullish sign.

If NEWP breaks 23.50, it is going higher. Stop loss at 21 and you have yourself a swing trade.

I dont own the stock so could not care less, just reading it as I see it.
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