Ahmed: On your comments regarding technical analysis:
I am assuming that you are referencing the one that was formed in July, with the shoulders being established around the $10 range.
The technical indicators that I have seen show a number of things that are still very bullish. SAR, Williams %R, Chaikin, MACD, OBV, and even directional movement. The only one that looks a little shaky is the stochastics oscillator. It's been haning in the upper end for quite a while with quite a number of crossovers.
Do you know anything about Candlesticks?
6 trading days ago, a clear hammer was formed which forecasted a bullish move which did occur. On friday however, even though we closed up on the day, a solid hammer was formed. Can you shed any light on this formation?
As far as support is concerned, the stock tested 16.25 twice last week and held quite well. If we can hold it a third time, especially with the results that were announced friday, this would tell me that something very big is about to happen. The August 8th Forbes article is out, and we have the Solomon Brothers conference coming up next week on the 9th. I can't believe that they would agree to participate if they didn't have anything good to say.
BRING ON 25!!!!!! |
