SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : copper mountain CMTN

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: cdtejuan who wrote (682)9/1/2000 1:01:19 AM
From: P314159d   of 1226
 
I TA that way to see bull/bear trends and reversals.
Was it engulfing? Not entirely since the whole day's trade was not a marabozu, but close.Not entirely, because the low on new days trade didn't gap down and fill up. Thus it is close and good enough to get some points. But look below at the troubles:

siliconinvestor.com

One glaring trouble is the OBV reaching new lows, totally wiping out the great annual advance. Thus I would play rallies with caution (not selling the chicken coop, let alone the farm) until more solid evidence points to big gains, but the moves can be fun and many $ rewarding anyway. Currently, I wouldn't be suprised to see a revisit below 60 if the stock rallies to say 70 for a potential inverse head and shoulders. Much damage is done here and support at low 60s is broke. but timing indicators point to rally

But I would accept my discussion and then ask the Bong for real advice.
I just wanted to point out some reservations about a long position here.

Then again, the cynic in me says, WS hates it out loud and the earnings are good....

Must be time to BUY. 6 months ago I would've bit this one big time at 60! And made out good if I sold, can it do again?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext