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

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To: KevinD who wrote (11531)9/16/1999 11:11:00 PM
From: Casaubon  Read Replies (1) of 14162
 
TA is very important to optimize ROI.

Daily charts:
iqc.com

You see that candlestick in early september that extends down to $39? It is referred to as a hammer (candlestick analysis). At the bottom of a downtrend, it portends a change change of trend, which implies sideways or up, at this point. It also tested support found earlier in the year; which can be seen on the weekly chart
iqc.com

Also, the "hammer" bottom happened on strong volume adding strength to the support line.

iqc.com

All three time frames show the price touching the lower bollinger band, implying little downside.

This stock looks like it found support. BWDIK
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