Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

STOCKTALK

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 : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Connor26 who wrote (68192)	10/27/1999 11:34:00 AM
From: Jenna	Read Replies (3) of 120523

AGIL.. I shorted AGIL it was up about 2 I think, what I did was look at the daily chart and noticed that it broke down from a "spike" of a series of higher highs and higher lows. After it spiked it dropped and on the 5 minute chart it was below the 20 period MA.. Whenever a stock like that spikes on the daily chart it looks to have a very good chance to reverse the trend and that's what it did (on the daily chart the trend is up).. Right now its formed a platform which could provide support for another upward movement so I covered by short at 88 1/4 The short flags formation today and Tuesday looked like bear flags in a downtrend, but now we are seeing a consolidation and perhaps 'platform' will be a base for another move up. If it moves up I'll enter long with a stop .. Notice how the RSI has straightened out nicely from a down slope.(5 minute chart).

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next