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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Ryan Mak who wrote (99989)5/31/2000 1:14:00 PM
From: Jenna  Read Replies (1) of 120523
 
AMK daily chart, revisited. marketgems.com is in a correction in an otherwise longer term uptrend. Stochastics are very oversold in AMK.. let's look at yesterday's low about 33 1/2 for support. Look at the vertical lines intersecting previous moves of AMK off their 20 day MA's (green line) with confirming stochastic crossovers. The first vertical line is at its low point from the 20 day moving average around the 17th of April, the very next day the 18th, was the buy trigger.

Even now could be an early entry but I'd wait for 35 1/2 minimum which is the current 20 period moving average on the 10 minute chart.
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