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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Herm who wrote (11485)8/31/1999 10:19:00 PM
From: wbpfta  Read Replies (2) of 14162
 
Herm: CC of CPWR.

The daily chart suggests that the stock price will stay around 30 +/- 0.50. RSI has positive slope and high value, suggesting current trend will continue and OBV is flat confirming trend.

iqc.com
However, 60 minute chart shows significant tightening of BB bands and both price and RSI have slightly negative slopes suggesting continuation of downward trend. OBV seems to confirm trend.

iqc.com
Conflicting signals seem to be given by TA.

1. What is your reading?
2. Would you execute CC now if you own the stock? Possibly sideshows?
3. Can stochastics be used to confirm which trend CPWR might take?

TIA

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