jman, about your posts and BVF
As you know this is board primarily discusses technical analysis, with a primary focus on E-wave and on the major indices. Therefore, when someone who doesn't regularly post here comes in and mentions a particular stock and its glowing fundamentals it is taken skeptically. The type of post you made, whether you intended it or not to be this way, sounds like that of one who is touting the stock rather than merely trying to bring an opportunity to our attention or asking for an opinion. Presumably you seek an objective opinion, which is why you posted in the first place, and I believe you received one: I believe that ATA's response was his way of saying "I wouldn't buy this one now."
stockcharts.com[h,a]daclyyay[pb13][vc60][iLh14,3!Lc20]&pref=G
Now then, looking at the most recent chart of your stock here is my take, if what you wanted was a more detailed opinion. I would note a few bullish points lately (1) it has broken its downtrend line from its December high with yesterday's gap up, but we will have to see if it holds (2)it has not broken its uptrend line marked my its September and December lows, (3) it has become very oversold as of late so a bounce might be expected (4) the money flow turned positive in mid January and has started to improve this past week (5) the large gap up on high volume could mark it as a reverse "hole in the wall" play, implying further upside.
Therefore, I would be cautiously bullish on this stock with a reminder that the market in general is still in its primary downtrend which may limit any future gains. |
