A history lesson on SYCD. Worked well so far.
Date Open High Low Close Volume
10/19/99 1.656 1.812 1.625 1.656 58,000
10/20/99 1.781 1.781 1.500 1.562 18,200
10/21/99 1.718 1.718 1.500 1.562 29,600
10/22/99 1.593 1.625 1.500 1.625 9,700
10/25/99 1.562 1.750 1.562 1.750 31,100
10/26/99 1.812 1.843 1.625 1.843 107,000
10/27/99 1.781 1.968 1.781 1.937 176,700
10/28/99 2.000 2.312 1.968 2.218 335,400
10/29/99 2.312 2.875 2.250 2.531 614,900
Now fast forward to the present.
12/02/99 1.500 1.937 1.500 1.875 137,900
12/03/99 1.937 2.031 1.812 1.875 32,100
12/06/99 1.968 1.968 1.500 1.750 60,500
12/07/99 1.750 1.750 1.500 1.562 44,300
12/08/99 1.562 1.687 1.500 1.562 82,300
Notice the $1.50 as a bottom when the short timers gave up in October.
Now three days in row for the $1.50 bottom.
Looks like a low risk(maybe $1.37)/50% gain opportunity for a short term trader. If the $1.50 level hold today, then we may see a run to $2.25 or higher.
Jack |
