TA,
Your May 30 post (copied below) looks pretty darn good in hindsight. What are you recommending now? How did that old TV ad go, When TATRADER talks, people listen (or should). Nice going.
Regards,
Craig
copied from May 30 post:
craig, i trade on TA alone...Here are a few reasons why I am now in this one...
stock pick of week...MCOM...
Buy area 9 1/2 to 10.00..no higher...
1)MACD Zero line crossover
2)ADX at 20, two days ago +D1 crossover
3)New six month high, and stock held above 9.43, old six month high
4)Pattern shows multi-point move coming...
5)Commodity Channel move over 100
6)RS and simple stochastic still not overbought
7)Steady upswing in volume with price
200 day volume=195,556
100 day volume=268,531
50 day volume=335,392
20 day volume=512,470
10 day volume=552,880
5 day volume=921,820
I have a position in this stock at 9 7/8...Bought on Friday....
Maybe I will get slammed on this one as it heads back for a bounce off of 9.00, but it
looks like a break from a long period of consolidation...If you look at the bottoms of
this pattern you will observe that each bottom is ascending... |
