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.
Strategies & Market Trends : Strictly Buy and Sell Set Ups

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: chowder6/27/2006 2:02:40 AM
  Read Replies (1) of 13449
 
6/27 SET UP ... DADE ... Long Term .......................

In April, DADE saw a price reversal off a double bottom on the weekly chart. The reversal was significant as price formed a wide range, high volume bar, indicating professional buying. Price then consolidated over the next 8 weeks, above a rising 20 week moving average, and is now on the verge of a break out. Note the bottoming tails during the consolidation and 8 weeks is a text book base for a stock transitioning into a Stage 2 uptrend.



Entry target $39.80. Initial stop loss $36.25. Profit target $3.00 - $8.00.

dabum
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext