Hi Reid,
I was looking at NTAP's chart.
stockcharts.com[L,A]DACLYYMY[DC][PB50!B200!D20,2!B13!B5][VC60][IUI5,3,3!UH15,5,5!LL14!LA12,26,9!LA8,17,9!UB14!LK14]
Although it's stochastics and MACD are far from being a buy signal, I noticed it bounced sharply off of it's 50dma like it did during the previous selloff.
That 50dma line coincides with a long trendline drawn diagonally upwards connecting the lows of May, Mid August, and Mid October.
It also looks to be close to some rather strong support at this level.
What would signal a buy for you?
Would you wait for the Stochastics and MACD to signal or would you be satisfied with it's current support and rebound off of the trendline and 50dma?
Thanks in advance.
-Clappy |
