John,
It's looking good over the next couple of days.
The afternoon at least was all retail and with 602
trades for 320,000 shares it sounds like most of the
day was.
We closed just under the 100 day EMA, our 45 day trend
has turned positive, and the MACD seems to be motoring
to the zero line.
On the negative, the RSI and stochastics look stretched.
The Williams%R is trying to break through the top of
the chart.
Also, the parabolic SAR started a new line 4 days ago,
which is confirmed by the DMI+ cross over the DMI- which
I see as starting to trend despite the dropping ADX line
at the moment.
Its early but I believe the new trend that's already clear
on the chart and is confirmed on 3 points probably will
continue for a short while.
So I predict an open no lower than 5.90, the low of the
day no lower than 5.70, and a high no less than 6.50 (a
closer measurement looks like that's where the gap starts).
If we break up with some spirit above 6.60, then I think
we'll close above 7.25.
If we don't, then I think we'll spend another day in the
6.50 to 5.70 range closing above 6.
But, hey, I don't pay much attention to this because I'm
a long term investor. <GGGG>
Wolf |
