SI
SI
discoversearch

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 : Three Amigos Stock Thread
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: DanWebzster who wrote (20769)8/27/2000 12:44:13 AM
From: Ken W  Read Replies (3) of 29382
 
Dan:

Since DD has bowed to me as the "penney stock" expert (Thanks Kenny!) Let me do my thing here. Accept or reject as you see fit.

207.61.23.98

I don't use candle sticks, but have pretty good faith in the several charts that I look at before going for an opinion. The Timely chart quite graphic and easier to explain. George A. may want to take a crack at this one too, just to back me up....LOL

First you have to consider that CVOL has risen 51% off of its price of nearly three months ago when one of our contestants picked it up.

Now for the chart..The stock needed to hold over 3 real bad to maintain the 50dMA..even though the volume was weak compared to normal it NEEDED to hold 3 on a Fri. close.
Next, notice the STO's (50 bar) are in a downtrend as it the shorter (10 bar) coupled with the break down of the 50MA says the stock is going to the next support line. (about 2.75ish) If the stock breaks under that support, and it will, the MM will run it back up to 3.00 just to tease. 3 will then become a resistance level and the stock will move back toward the 200dMA just under 2.

If you are going to add to the position then 2ish is where I would add. In the meantime. The stock will become oversold in the short term at 2.50 to 2.75...I'd go for a trade back up to just under 3 to help pay for your core shares.

Now all of that being said. If there is some earth shattering news...the stock could go to the moon for no reason. All of this is barring any outside influence. LOL

Ken
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News